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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fifth Third Bancorp    FITB

FIFTH THIRD BANCORP

(FITB)
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The Law Offices of Frank R. Cruz : Announces Investigation on Behalf of Fifth Third Bancorp Investors (FITB)

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03/26/2020 | 03:32pm EDT

The Law Offices of Frank R. Cruz announces an investigation on behalf of Fifth Third Bancorp ("Fifth Third" or "the Company") (NASDAQ: FITB) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On March 9, 2020, the Consumer Financial Protection Bureau ("CFPB") announced that it had filed a lawsuit against Fifth Third Bank, N.A. in federal court, "alleg[ing] that for several years Fifth Third, without consumers' knowledge or consent: opened deposit and credit-card accounts in consumers' names; transferred funds from consumers' existing accounts to new, improperly opened accounts; enrolled consumers in unauthorized online-banking services; and activated unauthorized lines of credit on consumers' accounts. The [CFPB] alleges that Fifth Third violated the Consumer Financial Protection Act's prohibition against unfair and abusive acts or practices as well as the Truth in Lending Act and the Truth in Savings Act and their implementing regulations."

On this news, the Company’s share price fell $3.90, or over 17%, to close at $18.30 per share on March 9, 2020, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Fifth Third securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2020
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Financials (USD)
Sales 2020 7 651 M
EBIT 2020 3 143 M
Net income 2020 1 890 M
Debt 2020 -
Yield 2020 6,86%
P/E ratio 2020 6,12x
P/E ratio 2021 6,02x
Capi. / Sales2020 1,47x
Capi. / Sales2021 1,46x
Capitalization 11 279 M
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Technical analysis trends FIFTH THIRD BANCORP
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 24,70  $
Last Close Price 15,86  $
Spread / Highest target 108%
Spread / Average Target 55,7%
Spread / Lowest Target 0,88%
EPS Revisions
Managers
NameTitle
Gregory D. Carmichael Chairman, President & Chief Executive Officer
Tayfun Tuzun Chief Financial Officer & Executive Vice President
Sid Deloatch CIO-Corporate & Enterprise Solutions
Jude A. Schramm Chief Information Officer & Executive VP
Gary R. Heminger Independent Director