/Fifth%20Third%20Bancorp%20logo%20on%20bank-by%20Tada%20Images%20vie%20Shutterstock.jpg)
Fifth Third Bancorp (FITB), headquartered in Cincinnati, Ohio, is a bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services. Valued at $27.13 billion by market cap, the company’s principal businesses include retail banking, commercial banking, investment advisory, and data processing. The regional bank had 1,070 U.S. branches.
Shares of the diversified financial services company have outperformed the broader market considerably over the past year. FITB has gained 44.5% over this time frame, while the S&P 500 Index ($SPX) has risen 18.9%. In 2024, FITB stock is up 15.2%, compared to SPX’s 11.3% returns on a YTD basis.