|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's range||23.08 - 23.86|
|52-week range||21.08 - 27.06|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||8.60|
|Forward dividend & yield||1.66 (6.55%)|
|Ex-dividend date||28 Dec 2022|
|1y target est||N/A|
SVB Financial and Silvergate did not position their balance sheets correctly for rising interest rates and got caught with huge unrealized bond losses.
Fifth Third's (FITB) acquisition of Big Data Healthcare will add national healthcare revenue cycle capabilities, thereby advancing its digital payments and managed services offerings.
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.