A Director at Fifth Third Bancorp (FITB) is Buying Shares

Yesterday, a Director at Fifth Third Bancorp (FITB), Katherine Blackburn, bought shares of FITB for $993.7K.

Following this transaction Katherine Blackburn’s holding in the company was increased by 129.65% to a total of $1.84 million. In addition to Katherine Blackburn, one other FITB executive reported Buy trades in the last month.

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Based on Fifth Third Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.57 billion and quarterly net profit of $729 million. In comparison, last year the company earned revenue of $1.85 billion and had a net profit of $467 million. The company has a one-year high of $31.64 and a one-year low of $13.71. FITB’s market cap is $12.54B and the company has a P/E ratio of 4.10.

Six different firms, including Barclays and Piper Sandler, currently also have a Buy rating on the stock.

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Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.

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