Fifth Third Bancorp Inc – (FITB, +1, October 25th)
James Leonard (CFO since 2020, EVP & Treasurer 2013-20) purchased $125,000 of stock on the 21st October at $32.16, increasing his holding by 3%. He has only made one previous purchase, for $101,000 at $16.00 in March 2020 which was very well timed.
Timothy Spence (CEO since 2022, Chief Strategic Officer 2015-2022) purchased $250,000 of stock on the same day, increasing his stake by 4%. This is his first ever purchase and also a reversal from a sale at $48.07 in February 2022, although it is likely to be partly influenced by his recent promotion to CEO. The purchases follow the release of results on the 20th October. Both executives already met the ownership guidelines. These are two encouraging trades,
We are ranking the stock +1.