Fifth Third Bancorp (NASDAQ:FITB)'s stock experienced a second day of decline on Monday, closing at $23.02, yet outperforming competitors in a struggling market. The bank's shares showed resilience compared to larger declines by JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC)., and Wells Fargo (NYSE:WFC) & Co.
The recent drop situates the bank's stock $15.04 below its 52-week high of $38.06, reached on February 2nd, 2023. Despite the downturn, trading volume for Fifth Third Bancorp soared to 6.1 million shares, exceeding its 50-day average.
Broader markets mirrored this downtrend with both the S&P 500 and Dow Jones also experiencing declines. This information was compiled by Automated Insights using data from FactSet and Dow Jones.
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