Fifth Third Bancorp - FITB STOCK NEWS

Fifth Third Bank has announced the launch of Early Pay, allowing customers to access their federal tax refund up to five days earlier than usual. This feature is available to Fifth Third Momentum Checking customers and aims to enhance cash flow management. With Early Pay, customers can expect their refunds in 16 days or less, building on the bank's existing momentum banking services, which include options for earlier paycheck access. This initiative marks a significant step in improving customer convenience and financial agility.

Fifth Third Bank has announced an increase in its prime lending rate to 7.50%, effective immediately. This decision follows a previous adjustment on November 2, 2022, when the rate rose from 6.25% to 7.00%. The bank emphasizes its long-standing innovation and commitment to customer care, aiming to be the highest performing regional bank in the U.S. and one that people value and trust.

The press release from Fifth Third Bank emphasizes the importance of security in online and mobile banking, especially during the holiday season. It provides practical tips for consumers to protect themselves from fraud and scams, such as setting up credit card alerts, being cautious of phishing attempts, and monitoring their credit reports. The bank encourages customers to utilize security features like two-step authentication and to use secure sites for online transactions. Additionally, Fifth Third offers resources like Identity Alert for further protection against identity theft.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Goldman Sachs U.S. Financial Services Conference on December 7, 2022, at approximately 8:00 AM ET. The event will feature CEO Tim Spence and CFO Jamie Leonard. A live audio webcast and presentation slides will be accessible on the Investor Relations section of www.53.com for 14 days following the conference. Fifth Third is recognized as one of Ethisphere's World’s Most Ethical Companies and is committed to enhancing customer and community relations.

Fifth Third Bank has launched its new mobile banking app, marking its first cloud-first application aimed at enhancing user experience. Key features include customized navigation, validation screens, and detailed transaction information. The app supports Fifth Third Momentum® Banking, offering innovative options such as goal saving and Early Pay for faster access to funds. The cloud-based architecture allows for quicker updates and enhancements, addressing customers' banking needs effectively.

Fifth Third Bank has launched a new 1% Cash/Back Card, enhancing its cash-back credit card lineup. The card features an introductory 0% APR for 21 months on purchases and balance transfers, making it versatile for various financial needs. Customers will earn unlimited 1% cash back on all purchases without an annual fee. This launch aims to meet diverse customer demands while positioning Fifth Third competitively in the credit market.

Fifth Third Bank has launched Fifth Third Wealth Advisors, an independent Registered Investment Advisor aimed at seasoned advisory teams managing over $1 billion. This initiative provides advisors with a flexible investment platform, operational support, and physical office space, enabling a more independent operational model.

Led by Eric Housman, the new firm offers a combination of advisory services and access to resources from Fifth Third Bank. The focus is on enhancing client relationships while maintaining an entrepreneurial spirit.

Fifth Third Bank has announced an immediate increase in its prime lending rate to 7.00%, following a previous adjustment on Sept. 21, 2022, when the rate rose from 5.50% to 6.25%. This change reflects the bank's ongoing commitment to adapting its lending practices. Fifth Third Bank, a federally chartered institution and the parent of Fifth Third Bancorp, has been recognized as one of the World’s Most Ethical Companies. Its stock is traded under the symbol FITB on NASDAQ.

Fifth Third Bancorp (NASDAQ: FITB) will attend the BancAnalysts Association of Boston Conference on November 4, 2022, at 11:20 AM ET. CEO Tim Spence and CFO Jamie Leonard will represent the company. Participants can access an audio webcast and presentation slides live and for 14 days post-conference via the Investor Relations section of www.53.com. Fifth Third, recognized for its commitment to ethical banking, provides innovative financial services aimed at improving lives since 1858.