|Day's range||0.2000 - 0.2000|
CINCINNATI, March 22, 2023--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.00%, effective immediately.
Fifth Third Bancorp (FITB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
SVB Financial and Silvergate did not position their balance sheets correctly for rising interest rates and got caught with huge unrealized bond losses.