FITB Stock Hits 52-Week High on Fed Rate Cut: Is It Worth Retaining?

Fifth Third Bancorp (FITB) shares touched a 52-week high of $43.85 on Thursday following the Federal Reserve's announcement of a 50-basis points interest rate cut. The FITB stock closed slightly lower at$43.64, gaining nearly 18% over the past six months. It has outperformed its industry, the S&P 500 Index and its close peers like Comerica Incorporated (CMA) and Bank of America Corporation (BAC) in the same time frame. Six-Month Price Performance Image Source: Zacks Investment Research Key Drivers Behind F ...