Fifth Third Bancorp

NASDAQ FITBI

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Fifth Third Bancorp Market Capitalization on June 03, 2024: USD 25.60 B

Fifth Third Bancorp Market Capitalization is USD 25.60 B on June 03, 2024, a 47.32% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.
  • Fifth Third Bancorp 52-week high Market Capitalization is USD 26.96 B on May 14, 2024, which is 5.29% above the current Market Capitalization.
  • Fifth Third Bancorp 52-week low Market Capitalization is USD 15.61 B on October 27, 2023, which is -39.03% below the current Market Capitalization.
  • Fifth Third Bancorp average Market Capitalization for the last 52 weeks is USD 20.91 B.
NASDAQ: FITBI

Fifth Third Bancorp

CEO -
IPO Date Dec. 6, 2013
Location United States
Headquarters Fifth Third Center, Cincinnati, OH, United States, 45263
Employees 18,657
Sector Financial Services
Industry Banks - regional
Description

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

StockViz Staff

September 16, 2024

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