Shares of Fifth Third Bancorp (FITB) Sees Large Inflow of Net Money Flow

Fifth Third Bancorp (FITB) : Fridays money flow data in Fifth Third Bancorp (FITB) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.76 million, whereas, $1.35 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.3, in favor of the bulls. The total money flow into the stock was $0.41 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.72 million. The total value of block trades done on upticks was $0.72 million. Fifth Third Bancorp (FITB) fell $0.06 and traded at $19.98, down -0.3% for the day, over previous days close. On a weekly basis, the shares are 1.47% over the previous weeks close.


The company Insiders own 0.99% of Fifth Third Bancorp shares according to the proxy statements. Institutional Investors own 80.72% of Fifth Third Bancorp shares.

In a related news, The officer (EVP & Chief Risk & Credit Off), of Fifth Third Bancorp, Forrest Frank R. had unloaded 6,702 shares at $20.47 per share in a transaction on November 24, 2015. The total value of transaction was $137,190. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Fifth Third Bancorp (NASDAQ:FITB): The stock opened at $20.11 and touched an intraday high of $20.139 on Friday. During the day, the stock corrected to an intraday low of $19.9, however, the bulls stepped in and pushed the price higher to close in the green at $20.1 with a gain of 0.30% for the day. The total traded volume for the day was 4,294,094. The stock had closed at $20.04 in the previous trading session.

Fifth Third Bancorp (FITB) : Traders are bullish on Fifth Third Bancorp (FITB) as it has outperformed the S&P 500 by a wide margin of 2.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.08% in the last 1 week, and is up 2.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Fifth Third Bancorp is a bank holding company. The Companys subsidiary, Fifth Third Bank, provide a range of financial products and services to the retail, commercial, financial, governmental, educational and medical sectors, and credit products, such as credit cards, installment loans, mortgage loans and leases. The Company operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation, cash management and financial services to market businesses and Government, and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1,302 Banking Centers. Consumer Lending includes its mortgage, home equity, automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals, companies and not-for-profit organizations.

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