Fifth Third Bancorp

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Fifth Third Bancorp (NASDAQ: FITB) resulting from allegations that Fifth Third Bancorp may have issued materially misleading business information to the investing public.

If you purchased Fifth Third Bancorp securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Fifth Third Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On November 7, 2023, after market hours, Fifth Third Bancorp filed its quarterly report for the third quarter of 2023 with the U.S. Securities and Exchange Commission. In this report, Fifth Third Bancorp disclosed that a company subsidiary was cooperating with certain investigations. Specifically, the company disclosed that “Fifth Third Bank, National Association is currently cooperating with investigations related to several civil investigative demands by a number of state attorneys general regarding the lending practices and installer relationships of Dividend Solar Finance, LLC, which the Bank acquired in May 2022. Among these is a civil investigative demand by a coalition of 17 state attorneys general relating to the Chapter 7 bankruptcy filing of one such installer, Power Home Solar, LLC, dba Pink Energy.”

On this news, Fifth Third Bancorp’s stock fell by $0.67 per share, or 2.56%, to close at $25.49 per share on November 8, 2023. The next day, Fifth Third Bancorp stock fell by an additional $0.67 per share, or 2.62%, to close at $24.82 per share.

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Company Name: Fifth Third Bancorp
Stock Symbol: FITB
Class Period: N/A
Court: N/A

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