AllAnalyst Report
logoArgusJuly 21, 2023

Fifth Third Bancorp: EPS beat in 2Q but rising deposit costs

Symbols
FITB
Sector(s)
Financial Services
Rating
Current Price
$36.90
Price Target
Earnings Estimate
Summary

Fifth Third Bancorp is a diversified financial services company based in Cincinnati. The company has about 1,100 banking centers and 2,100 ATMs across 11 states. The company has four main business segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. In

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.