Fifth Third Bancorp [FITBP]
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About
Fifth Third Bancorp Depositary Shares [FITBP] represents another series of preferred stock issued by Fifth Third Bancorp, one of the largest regional banking institutions in the United States. This preferred security provides investors with a different class of equity ownership compared to common shares, typically featuring predetermined dividend rates and enhanced claim priority in corporate distributions. Each series of preferred stock may have distinct terms regarding dividend rates, call provisions, conversion features, and redemption schedules. Fifth Third has grown through strategic acquisitions and organic expansion to serve millions of customers across multiple states.