Fifth Third Bancorp (FITB)’s Pretax Margin and Net Margin Explained

Fifth Third Bancorp [FITB] stock prices are up 2.45% to $36.35 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FITB shares have gain 7.01% over the last week, with a monthly amount glided 7.39%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, Fifth Third named one of the World’s Most Ethical Companies® by Ethisphere for the fifth time. In a post published today on Yahoo Finance, Recognition highlights commitment to business integrity through best-in-class ethics, compliance and governance programs.

From an analyst’s perspective:

Fifth Third Bancorp [NASDAQ: FITB] stock has seen the most recent analyst activity on January 09, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform and also boosted its price target to $37 from $33. On April 06, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $34 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $36 on December 21, 2022. In a note dated June 17, 2022, Robert W. Baird upgraded an Outperform rating on this stock but restated the target price of $44.

The stock price of Fifth Third Bancorp [FITB] has been fluctuating between $22.11 and $36.67 over the past year. Currently, Wall Street analysts expect the stock to reach $39.5 within the next 12 months. Fifth Third Bancorp [NASDAQ: FITB] shares were valued at $36.35 at the most recent close of the market. An investor can expect a potential return of 8.67% based on the average FITB price forecast.

Analyzing the FITB fundamentals

The Fifth Third Bancorp [NASDAQ:FITB] reported sales of 12.70B for trailing twelve months, representing a surge of 24.42%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.60 points at the first support level, and at 34.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.88, and for the 2nd resistance point, it is at 37.40.

Fifth Third Bancorp [FITB] reported earnings per share of $0.96 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.11 and a surprise factor of 12.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.91 per share as compared to estimates of $0.82 per share, a difference of $0.09 representing a surprise of 11.00%.

Ratios To Look Out For

It’s worth pointing out that Fifth Third Bancorp [NASDAQ:FITB]’s Current Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.45 and price to earnings (TTM) ratio is 11.30.

Transactions by insiders

Recent insider trading involved Lavender Kevin P, EVP, that happened on Feb 26 when 15000.0 shares were sold. Chair, CEO & President, Spence Timothy completed a deal on Feb 16 to sell 5447.0 shares. Meanwhile, Director Daniels C. Bryan bought 64500.0 shares on Oct 30.

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