| FITBI Preferred Stock | | | USD 25.97 0.03 0.12% |
President
Mr. Timothy N. Spence is Executive Vice President, Head of Consumer Bank, Payments, and Strategy of the Company. Previously, Mr. Spence was Head of Payments, Strategy and Digital Solutions since 2017, and Chief Strategy Officer of the Bancorp since September 2015. Previously, Mr. Spence was a senior partner in the Financial Services practice at Oliver Wyman since 2006, a global strategy and risk management consulting firm.. since 2018.
| Age | 44 |
| Tenure | 7 years |
| Phone | 800 972 3030 |
| Web | https://www.53.com |
Spence will oversee all aspects of strategic planning, including mergers and acquisitions. Spence joins Fifth Third from Oliver Wyman, where he was a senior partner in the Retail and Business Banking practice, providing advice on strategy, innovation and performance improvement to executives at the world largest financial institutions. His background also includes consulting in the wholesale banking, wealth management and payments businesses. Spence served as the firm Midwest Market leader. Prior to joining Oliver Wyman in 2006, Spence held management positions in sales and marketing, corporate development and finance at two earlystage technology firms. He received his bachelor degree from Colgate University in Economics and English Literature.
Fifth Third Management Efficiency
The company has return on total asset
(ROA) of
0.0117 % which means that it generated a profit of $0.0117 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
0.1237 %, meaning that it generated $0.1237 on every $100 dollars invested by stockholders. Fifth Third's management efficiency ratios could be used to measure how well Fifth Third manages its routine affairs as well as how well it operates its assets and liabilities.
Fifth Third Bancorp has accumulated 13.71
B in total debt. Debt can assist Fifth Third until it has trouble settling it off, either with new capital or with free cash flow. So, Fifth Third's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fifth Third Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fifth to invest in growth at high rates of return. When we think about Fifth Third's use of debt, we should always consider it together with cash and equity.
Fifth Third is a bank thats as long on innovation as it is on history. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ Global Select Market under the symbol FITB. Investor information and press releases can be viewed at www.53.com. Fifth Third operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19187 people. Fifth Third Bancorp (FITBI) is traded on NASDAQ Exchange in USA. It is located in Fifth Third Center, Cincinnati, OH, United States, 45263 and employs 19,319 people. Fifth Third is listed under Banking category by Fama And French industry classification.
Management Performance
Fifth Third Bancorp Leadership Team
Elected by the shareholders, the Fifth Third's board of directors comprises two types of representatives: Fifth Third inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fifth. The board's role is to monitor Fifth Third's management team and ensure that shareholders' interests are well served. Fifth Third's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fifth Third's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Hazel, Senior Vice President Controller | |
| Christopher Doll, Director Relations | |
| Rob Schipper, Head MD | |
| James CPA, Ex CFO | |
| Melissa Stevens, Senior Vice President Chief Digital Officer and Head of Omni-Channel Banking | |
| Kevin Lavender, Ex Banking | |
| Jude Schramm, Executive Vice President CIO | |
| Timothy Spence, Executive Vice President Chief Strategy Officer | |
| Susan JD, Ex Officer | |
| Gregory Carmichael, President CEO, Director | |
Fifth Preferred Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Fifth Third a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Currently Active Assets on Macroaxis
Other Information on Investing in Fifth Preferred Stock
Fifth Third financial ratios help investors to determine whether Fifth Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fifth with respect to the benefits of owning Fifth Third security.