Fifth Third Bancorp: Expensive For The Right Reasons

EleSi/iStock Editorial via Getty ImagesFifth Third Bancorp (NASDAQ:FITB) has been one of the best-performing regional banks, with its share price rising by 35.07% over the past year compared to the SPDR S&P Regional Banking ETF (KRE) which rose by 12.8% over the same period. As a result, FITB trades at 11.16 forward earnings, according to Seeking Alpha’s forward EPS estimate, which is slightly above the sector median of 10.23. I argue that FITB’s outperformance has been well-deserved due to robust growt ...