Fifth Third Bancorp, a well-known banking group, has been given a neutral rating by UBS.
The company operates primarily in three main areas: Retail Banking, which makes up 55.5% of net interest income, focuses on providing banking products and services to individuals and small businesses. Commercial Banking, which contributes 40.7%, serves medium to large companies, government entities, and professionals with a range of financial products.
As of the end of 2023, Fifth Third Bancorp reported current deposits of USD 168.9 billion and current loans of USD 114.9 billion. The bank has a wide network of 1,088 banking centers across the United States, which helps distribute its various offerings. These offerings also include securities services, which make up 3.8% of its operations and include investment advisory and asset management.