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Fifth Third Bancorp - FITB STOCK NEWS

Welcome to our dedicated news page for Fifth Third Bancorp (Ticker: FITB), a resource for investors and traders seeking the latest updates and insights on Fifth Third Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fifth Third Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fifth Third Bancorp's position in the market.

News
Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70
Rhea-AI Summary
Fifth Third Bancorp reported first quarter 2024 diluted earnings per share of $0.70, showcasing stability in deposits, profitability through fee performance growth, disciplined expense management, and strong growth in key areas. The bank saw a decrease in net income compared to the prior quarter and year-ago quarter, impacted by certain items, resulting in a diluted earnings per share of $0.70 with a negative $0.06 impact from these items. Key financial data revealed a 5% increase in average deposits year-over-year, a loan-to-core deposit ratio of 71%, and a CET1 capital increase of 15 bps sequentially to 10.44%. Fifth Third Wealth Advisors surpassed $1 billion in assets under management, and the bank demonstrated stability, profitability, and growth in its financial performance.
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Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting
Rhea-AI Summary
Fifth Third Bancorp (FITB) announces the re-election of directors and shareholder approvals at the Annual Shareholders Meeting. Key directors include Nicholas K. Akins, Evan Bayh III, and Jorge L. Benitez. Shareholders also approved the appointment of Deloitte & Touche LLP as the external audit firm for 2024, executive compensation, and incentive compensation plans.
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Fifth Third and UNC Kenan Institute Launch “Empowering American Cities” Initiative
Rhea-AI Summary
Fifth Third (FITB) launches Empowering American Cities with the Kenan Institute to provide local economic insights for business growth. The program offers unique data for decision-making, focusing on midsize cities and Extended Metropolitan Areas.
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Fifth Third Wealth Advisors Surpasses $1 Billion in Assets Under Management
Rhea-AI Summary
Fifth Third Bank's independent Registered Investment Advisor, Fifth Third Wealth Advisors, surpasses $1 billion in assets under management in under 18 months. The national practice offers a hybrid model for advisors, combining flexibility with access to trust powers, credit, and planning through Fifth Third.
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J.D. Power Names Fifth Third Bank No. 1 for Retail Banking Experience in Florida
Rhea-AI Summary
Fifth Third Bank has been named No. 1 for Retail Banking Customer Satisfaction in Florida by J.D. Power as part of its 2024 U.S. Retail Banking Satisfaction Study. Customers rated Fifth Third No. 1 in trust, staff, account offerings, and value. The Bank aims to be the most valued and trusted, with a strong presence in Florida and plans for further expansion.
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1.28%
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Fifth Third Bank Recognized Among 2024 Top Workplaces USA
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Fifth Third Bank receives the Top Workplaces USA award for the third consecutive year, showcasing its commitment to an engaging and inclusive culture. Over 11,000 employees participated in the survey, highlighting the positive work environment and strong employee engagement at Fifth Third.
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Fifth Third named one of the World’s Most Ethical Companies® by Ethisphere for the fifth time
Rhea-AI Summary
Fifth Third Bank has been named to the 2024 World's Most Ethical Companies® list by Ethisphere for the fifth time, highlighting its dedication to business integrity. With only four banks worldwide recognized in 2024, Fifth Third stands out for its ethical standards and commitment to trust and value.
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2.45%
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New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program
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NMSDC and Fifth Third extend the Centers of Excellence Certificate Program (COECP) until 2026, with an additional $1.1 million sponsorship. The program aims to support minority business enterprises in securing larger contracts and fostering partnerships. The 2023 COECP graduates include participants from various regional affiliates.
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Fifth Third Bancorp to Participate in the RBC Capital Markets Financial Institutions Conference
Rhea-AI Summary
Fifth Third Bancorp (FITB) will participate in the 2024 RBC Capital Markets Financial Institutions Conference with Tim Spence and Bryan Preston representing the company. The event will be held on March 6, 2024, at 8:00 AM ET, with live webcast and presentation slides available for viewing. The slides will also be accessible for 14 days post-conference on the Investor Relations section of www.53.com.
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Fifth Third Opens Tampa, FL-based Fifth Third Wealth Advisors Office
Rhea-AI Summary
Fifth Third Bank opens new Wealth Advisors office in Tampa, FL, offering flexible investment management platform and additional services. Targeting advisors with over $1 billion books of business nationwide, the office provides complete back-office support and seamless transition for advisors.
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Stock FITB logo
Fifth Third Bancorp

Nasdaq:FITB

FITB Rankings

#426 Ranked by Market Cap
#4144 Ranked by Stock Gains
#888 Ranked by Dividends

FITB Stock Data

23.60B
677.03M
0.57%
85.22%
3.75%
Commercial Banking
Finance and Insurance
Link
US
Cincinnati

About FITB

at fifth third bank, we are always listening to new ideas so that we can strengthen our commitment to you and the communities we serve. fifth third bank, member fdic. fifth third bank is proud to be an affirmative action/equal opportunity employer. m/f/d/v