Fifth Third Reaches New 52-Week High (FITB)

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.

NEW YORK ( TheStreet) -- Fifth Third Bancorp (Nasdaq: FITB) hit a new 52-week high Tuesday as it is currently trading at $17.82, above its previous 52-week high of $17.81 with 581,522 shares traded as of 10:05 a.m. ET. Average volume has been 9.2 million shares over the past 30 days.

Fifth Third has a market cap of $15.49 billion and is part of the financial sector and banking industry. Shares are up 16.5% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Fifth Third Ratings Report.

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