Fifth Third Bancorp Q2 Earnings Preview: NIM Improvement Likely Priced In (Rating Downgrade)
The Bancorp(TBBK) Seeking Alpha·2024-07-16 20:00
Joe Hendrickson Shares of Fifth Third Bancorp (NASDAQ:FITB) have been a strong performer since last year's regional banking crisis, up 44% and sitting near a 52-week-high. I last covered FITB in April, when I upgraded shares to a "buy" ahead of Q1 earnings. Since then, the stock has returned 16%, a strong gain that also is ahead of the market's 11% rally. Since its last quarter, FITB also performed strongly on its stress test, leaving it poised to raise its dividend in September. With Fifth Third set to rep ...