Fifth Third Bancorp (FITB)

Prev Close 45.08
Day Low/High 45.08 / 45.66
52 Wk Low/High 22.10 / 45.81
Exchange NASDAQ
Shares Outstanding 689.79B
Market Cap 31.10B
P/E Ratio 16.89
Div & Yield N.A. (N.A)

My 'Buy' Ranges for Banks

Here's where I "live" in my buy levels for my money-center bank holdings: Bank of America (BAC) -- $16.50 to $16.75 Citigroup (C) --  $52.50 to $53 Fifth Third Bancorp (FITB) -- $19.50 to $20 JPMorgan Chase (JPM) -- $64 to $65 As a reminder, all fou...

Time To Batten Down the Hatches

I aggressively accumulated bank stocks back in March, going long on 14 in total. But in light of my rising bearishness these days, I'm taking my long positions off on three regional banks -- MidSouth Bancorp (MSL), Southern National Bancorp of Virgi...

Today's Activity

Here's a roundup of my actions so far today: I've further reduced my bank longs based on an advance in share prices, coupled with the yield curve's flattening. However, Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM) and Fifth Third Banco...

Today's Takeaways and Observations

My thoughts to this point of the day: First of the month and buyers queued up after a large sell imbalance at yesterday's close ($3.3 billion) depressed prices in the last 20 minutes of trading on Monday. Today, investors have rejoiced, again, in th...

Today's Trades

Here's a look at my trades so far today: I'm sizing up the following bank longs: Citibank (C), Fifth Third Bancorp (FITB), MidSouth Bancorp (MSL), Southern National Bancorp (SONA) and Sterling Bancorp (STL). I covered my short of Wells Fargo (WFC). ...

Adding to My Bank Longs

I've recently argued that while bank stocks remain on my "Best Ideas" list because of their multi-year appeal, they're overbought now and could sell off in the weeks ahead. So, I wouldn't recommend chasing the sector's recent strength. Instead, I hi...

My Buy Levels for the Banks

I continue to believe that the banks will be among the best market sectors over the next one to three years. Here are my buy levels for my favorite, and current, long positions in banking: Bank of America (BAC): $16.50 to $16.75 Citigroup (C): $52.5...

Fifth Third, Microsoft Shares Magnificent Says Morgan Stanley's Skelly

Fifth Third, Microsoft Shares Magnificent Says Morgan Stanley's Skelly

The bull market will not end even if the Federal Reserve does hike rates in December and financial stocks like Fifth Third Bank (FITB) will lead the way higher.

FITB Looks Relatively Fit to Me

Fifth Third Bancorp (FITB) reported quarterly results today that were a penny shy of earnings-per-share expectations, but a large increase in loss reserves (against a 3% reduction in nonperformers) hampered the results. Without this, EPS would have ...

Today's Game Plan

I will be mostly updating my thoughts about specific companies today -- Berkshire Hathaway (BRK.A, BRK.B), IBM (IBM), Fifth Third Bancorp (FITB), BB&T Corp. (BBT), Regions Financial (RF), Harley-Davidson (HOG) and a few others.

Barron's Sees Turnaround, but Fifth Third Chart Is Trending Lower

The short- and longer-term view of the stock combines to suggest a $17 to $20 trading range with most a likely downward slant.

Futures Dip Slightly After China GDP Barely Beats

China posted its weakest quarterly economic growth since the global financial crisis.

Fifth Third downgraded at Goldman

Midsized Banks that Look Ripe for Takeover

With an activist entering the sector, here are some stocks to watch.

One More Time ... With Feeling

Again, for emphasis, given the large price gains (top market sector in last three months) and a flattening of the yield curve, be patient about adding to bank stocks. I have previously written about my buy entry points for the group on a market drop...

Why I Wouldn't Chase Banks Now

In response to a number of emails, I would not chase bank stocks now nor would I sell the stocks -- unless the timeframe is quite short term. Let the sector back down on profit taking after the huge move. It's a long game.

Fifth Third downgraded at Citi

Banking on Banks

Citigroup (C) is a standout again today in the money-center-bank universe, and Regions Financial (RF) and Fifth Third Bancorp (FITB) are standouts in the regional-bank segment. Click here to read my most recent thoughts on the sector, where I look a...

Day Ahead: Earnings Deluge Continues

The parade of reports continues amid troubling remarks out of Iran.

Waiting for a Correction in Bank Stocks

I have received numerous emails asking me about bank stocks. I own a dozen different banks, and five or six are on my Best Ideas List. However, in light of the strong absolute and rapid relative rise since March 2015, coupled with my expectation of ...

Is the Yield Curve Steepening Over?

If so, the run in bank stocks may be in jeopardy. The chart between the five-year U.S. note and 30-year U.S. bond steadily has increased over the last few months to 1.48%. A Fed rate hike, as suggested by myself in the past and by Peter Boockvar thi...

Trade of the Week: Shorting MetLife

I am going against the grain on this one and shorting MET at $57.40.  * MetLife, like many financials -- especially of the money center bank kind -- that are asset-sensitive have done famously over the past few months in the market. Specifically, ov...

Banking on Regional Banks

My package of regional bank stocks are broadly higher today, likely in response to the rise in interest rates over the last 48 hours. Money centers are also doing well. I am standing pat with my long list of 13 holdings in the expectation of a two- ...

Today's Trades

I shorted small in SPY and QQQ. I added to longs of Ford (F), General Motors (GM), Radian (RDN) and a few closed-end municipal bond funds.

Banks Are Overbought

Again, for emphasis, I think the banks are overbought now and I wouldn't chase. That said, I am not selling any bank shares. As an aside, the CEO of Fifth Third Bancorp. (FITB) will be on CNBC in the next segment.  

Why I Believe Banks Are Now Overbought

Here is a three-month chart of Citigroup (C) and JPMorgan (JPM) compared to the SPDR S&P 500 (SPY). I cut my teeth on the sector and have some street cred in the group, having been Putnam's bank, thrift and GSE analyst in the 1970s. I also coauthore...

Best of Times for My Bank Thesis

Stated simply, I cannot see a better set up for bank stocks than there is right now. While I wouldn't aggressively chase the strength (after a nice near-term climb -- then again, I would not chase any longs at this time) I am a buyer on any weakness...

Fifth Third upgraded at Oppenheimer

Banks Making New Highs

Shares of many money center and regional banks that I have written about are making new highs today. I would not disturb holdings in this, my favorite long sector. Several are on my Best Ideas list, including today's addition of Midsouth Bancorp (MS...

The Best Charts in the Book Are All in Breakout Mode

The Best Charts in the Book Are All in Breakout Mode

The strongest sector right now is benefiting from interest rates talk.