Fifth Third Bancorp (FITB): Today's Featured Banking Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Fifth Third Bancorp ( FITB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.8%. By the end of trading, Fifth Third Bancorp rose $0.48 (3.0%) to $16.40 on average volume. Throughout the day, 11,395,477 shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 9,713,200 shares. The stock ranged in a price between $15.89-$16.42 after having opened the day at $16.03 as compared to the previous trading day's close of $15.92. Other companies within the Banking industry that increased today were: Royal Bancshares of Pennsylvania ( RBPAA), up 9.3%, Credit Suisse ( UOIL), up 9.3%, HMN Financial ( HMNF), up 7.5% and ESSA Bancorp ( ESSA), up 6.4%.
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Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $13.8 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Jacksonville Bancorp Inc (FL ( JAXB), down 10.0%, Taylor Capital Group ( TAYC), down 8.3%, California First National Bancorp ( CFNB), down 6.7% and OptimumBank Holdings ( OPHC), down 5.2%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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