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Fifth Third Bancorp Shares Outperform Peers Amid Market Downturn

Published 10/24/2023, 02:28 PM
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
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Fifth Third Bancorp (NASDAQ:FITB)'s stock experienced a second day of decline on Monday, closing at $23.02, yet outperforming competitors in a struggling market. The bank's shares showed resilience compared to larger declines by JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC)., and Wells Fargo & Co.

The recent drop situates the bank's stock $15.04 below its 52-week high of $38.06, reached on February 2nd, 2023. Despite the downturn, trading volume for Fifth Third Bancorp soared to 6.1 million shares, exceeding its 50-day average.

Broader markets mirrored this downtrend with both the S&P 500 and Dow Jones also experiencing declines. This information was compiled by Automated Insights using data from FactSet and Dow Jones.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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