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.