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Fifth Third Bancorp: Stay The Course Because There Is Now A Major Catalyst In Place
March 28, 2019
- Fifth Third stock has significantly underperformed the broader market over the last year, and the YTD performance has not been much better.
- However, I believe that this bank is well-positioned for 2019 and beyond, especially if you factor in the recently approved acquisition of MB Financial.
- I am long Fifth Third, and I plan to stay long the stock.
Fifth Third Bancorp ($FITB) stock has been under significant pressure so far in 2019, as economic slowdown and interest rate concerns have wrecked serious havoc.
However, I believe that the underperformance has created a buying opportunity for investors with a long-term mindset because, in my opinion, Fifth Third is well-positioned for 2019 and beyond. Plus, it helps the bull case that this bank now has a significant catalyst in place.