Fifth Third Stock Hits New 52-Week High (FITB)

NEW YORK ( TheStreet) -- Fifth Third Bancorp (Nasdaq: FITB) hit a new 52-week high Wednesday as it is currently trading at $18.82, above its previous 52-week high of $18.81 with three million shares traded as of 10:05 a.m. ET. Average volume has been 8.8 million shares over the past 30 days.

Fifth Third has a market cap of $16.25 billion and is part of the financial sector and banking industry. Shares are up 22.2% year to date as of the close of trading on Tuesday.

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.

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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, growth in earnings per share, expanding profit margins 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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