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With a market cap of $46 billion, Fifth Third Bancorp (FITB) is a bank holding company that provides a broad range of financial products and services across the United States through its Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management segments. It offers services including commercial lending, consumer banking, mortgage and credit solutions, wealth management, investment advisory, and insurance services.
Shares of the Cincinnati, Ohio-based company have exceeded the broader market over the past 52 weeks. FITB stock has surged 38.8% over this time frame, while the broader S&P 500 Index ($SPX) has returned 31.4%. Moreover, shares of the company are up 8.6% on a YTD basis, compared to SPX’s 7.6% gain.