James Hackett - Fifth Third Non-Executive Independent Chairman of the Board

FITB -  USA Stock  

USD 36.38  0.06  0.17%

  Chairman
Mr. James P. Hackett has resigned as NonExecutive Independent Chairman of the Board of the Company. effective 19 April 2016. Mr. Hackett is Vice Chair and Director of Steelcase Inc. a manufacturer of office systems. Previously Mr. Hackett also served as the Chief Executive Officer of Steelcase Inc. until March 1 2014 and its President until April 2013. Mr. Hackett was named interim Athletic Director of the University of Michigan on October 31 2014. Trustee of The Northwestern Mutual Life Insurance Company. Director of Ford Motor Company.
Age: 59  Chairman Since 2014      
800 972-3030  www.53.com
Hackett also brings his knowledge and experience of the financial services industry gained from his position as a director of a large insurance company and a predecessor banking organization.

James Hackett Latest Insider Activity

Tracking and analyzing the buying and selling activities of James Hackett against Fifth Third stock is an integral part of due diligence when investing in Fifth Third. James Hackett insider activity provides valuable insight into whether Fifth Third is net buyers or sellers over its current business cycle. Note, Fifth Third insiders must abide by specific rules, including filing SEC forms every time they buy or sell Fifth Third'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Fifth Third Management Efficiency

Fifth Third Bancorp has return on total asset (ROA) of 1.06 % which means that it generated profit of $1.06 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 9.33 %, meaning that it created $9.33 on every $100 dollars invested by stockholders. Fifth Third management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Average Assets is expected to grow to 0.0103. The current year Return on Average Equity is expected to grow to 0.09. Fifth Third Revenue to Assets are projected to slightly decrease based on the last few years of reporting. The past year's Revenue to Assets were at 0.041049. The current year Asset Turnover is expected to grow to 0.0365, whereas Total Assets are forecasted to decline to about 190.1 B.
The company currently holds 17.9 B in liabilities with Debt to Equity (D/E) ratio of 7.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations.
The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third Bancorp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine Fifth Third value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. Fifth Thirds common stock is traded on the NASDAQ Global Select Market under the symbol FITB. Fifth Third operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19819 people. Fifth Third Bancorp (FITB) is traded on NASDAQ Exchange in USA. It is located in 38 Fountain Square Plaza, Cincinnati, OH 45263, United States and employs 19,819 people. Fifth Third is listed under Banking category by Fama And French industry classification.

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.
Evan Bayh, Independent Director
Susan Zaunbrecher, Executive Vice President Chief Legal Officer, Corporate Secretary
Jerry Burris, Director
Jewell Hoover, Independent Director
Jelena McWilliams, Chief Legal Officer, Corporate Secretary
Kristine Garrett, Senior Vice President Head - Fifth Third Private Bank
Melissa Stevens, Senior Vice President Chief Digital Officer and Head of Omni-Channel Banking
Chad Borton, Executive Vice President and Head of the Consumer Bank
Gregory Carmichael, President CEO, Director
James Hackett, Non-Executive Independent Chairman of the Board
Nicholas Akins, Independent Director
Tayfun Tuzun, CFO and Executive VP
Jorge Benitez, Director
Reuben Rashty, Senior Vice President Managing Director - Private Bank (Michigan)
Michael McCallister, Independent Director
Teresa Tanner, Chief Human Resource Officer, Executive Vice President
Kevin Kabat, Executive Vice Chairman, Member of Fin. Committee and Member of Trust Committee
Howard McClure, Senior Vice President Head - Insurance Operations
Randolph Koporc, Executive Vice President
Ulysses Bridgeman, Independent Director
Robert Sullivan, Sr. Executive VP
Emerson Brumback, Independent Director
Greg Carmichael, CEO and President Director, CEO of Fifth Third Bank and President of Fifth Third Bank and Director of Fifth Third Bank
Mitchel Livingston, Independent Director
Lars Anderson, COO, Executive VP, COO of Fifth Third Bank and Executive VP of Fifth Third Bank
Aravind Immaneni, COO, Executive Vice President CTO
Hendrik Meijer, Independent Director
Matthew Jauchius, Executive Vice President Chief Marketing Officer
Katherine Blackburn, Director
Heather Koenig, Chief Legal Officer and Corporate Secretary
Jude Schramm, Executive Vice President CIO
Timothy Spence, Executive Vice President Chief Strategy Officer
Robert Shaffer, Chief Human Resource Officer, Executive Vice President
Mary Tuuk, Executive Vice President - Corporate Services & Board Secretary
Mark Hazel, Principal Accounting Officer, Sr. VP and Controller
Gregory Kosch, Executive Vice President
Frank Forrest, Executive Vice President Chief Risk and Credit Officer
James Leonard, Senior Vice President Treasurer
Eileen Mallesch, Director
Edward Robinson, Senior Vice President and Head of Fifth Third Mortgage
Marsha Williams, Lead Independent Director
Gary Heminger, Independent Director
Joseph Robinson, Executive Vice President CIO, Director - Information Technology and Operations
Philip McHugh, Executive Vice President

Fifth Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right 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.

Fifth Third Investors Sentiment

The influence of Fifth Third's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fifth. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - FITB

Fifth Third Bancorp Investor Sentiment

Most of Macroaxis users are currently bullish on Fifth Third Bancorp. What is your opinion about investing in Fifth Third Bancorp? Are you bullish or bearish?
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The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third Bancorp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine Fifth Third value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.