Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6509
    -0.0010 (-0.15%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin AUD

    108,238.70
    +541.09 (+0.50%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6036
    +0.0002 (+0.04%)
     
  • AUD/NZD

    1.0902
    -0.0000 (-0.00%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     

Fifth Third Bancorp Has Been a Solid Performer. It Deserves More Credit

Fifth Third Bancorp Has Been a Solid Performer. It Deserves More Credit

Regional banks have gotten off to a solid start to 2023: The SPDR S&P Regional Banking ETF is up by about 5.3%, outpacing the year-to-date gains of the broader market. Regional lender Fifth Third Bancorp (NASDAQ: FITB) has gotten off to an even better start: Its stock is up by about 10% year-to-date, and last month it delivered solid fourth-quarter results and guidance for the full year, which has more or less been the theme in its peer group. Fifth Third currently trades at about 242% of its tangible book value, or net worth, which is a strong valuation.