We recently compiled a list of the 10 Stocks Defy Market Optimism as Investor Caution Lingers. In this article, we are going to take a look at where Fifth Third Bancorp (NASDAQ:FITB) stands against the other stocks.

The stock market stood its ground on Wednesday, with all major indices eking out gains as President Donald Trump softened trade restrictions for three large automakers, reviving hopes that the trade war may not be as bad as it seemed.

The Dow Jones grew 1.14 percent, the S&P 500 rose by 1.12 percent, while the tech-heavy Nasdaq jumped 1.46 percent.

On Wednesday, the White House granted three large automakers a one-month exemption from tariffs after a call with the president, sending their share prices higher during the session.

Ten firms, however, bucked an overall optimism, recording modest declines during the past trading session. In this article, we have listed the 10 names and detailed the reasons behind their performance.

To come up with Wednesday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

An empowered woman in the boardroom leading a discussion on the company's wealth & asset management strategy.

Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp (NASDAQ:FITB) dropped its share prices by 2.83 percent on Wednesday to finish at $40.45 each, already entering the oversold territory.

According to a report on the Nasdaq website, Fifth Third Bancorp (NASDAQ:FITB) entered the oversold territory on Wednesday.

A stock is considered to be oversold if its relative strength index falls below 30. As of the last trading session, Fifth Third Bancorp (NASDAQ:FITB)’s RSI fell to 29.5.

In other news, Fifth Third Bancorp (NASDAQ:FITB) was recently listed on the 2025 Forbes America’s Best Banks List for the second consecutive year.

Forbes America’s Best Banks List considers 11 metrics measuring growth, credit quality, and profitability for the 12 months ending September 30, 2024, as well as stock performance in the 23 months through January 10, 2025.

“It’s an honor to be included on Forbes’ list of America’s Best Banks,” said Jamie Leonard, chief operating officer at FITB. “For 166.7 years, we have continued to strive for excellence and commit to keeping our customers at the center of everything we do. This award demonstrates our dedication to providing high-level service and innovative solutions to our customers every day.”

Overall FITB ranks 8th on our list of Wednesday's worst performers. While we acknowledge the potential of FITB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FITB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.