Regional U.S. bank Fifth Third (NYSE: FITB) officially transferred the listing of its common stock and multiple series of preferred stock from the Nasdaq to the New York Stock Exchange on Friday, continuing to use the ticker symbol FITB. The President of the NYSE, Lynn Martin, described this as "the largest bank transfer in history."
Fifth Third's Chairman and CEO, Tim Spence, led the board of directors and management team in ringing the opening bell at the NYSE on Friday morning, marking the bank's official entry into the community of companies listed on the exchange. The company had previously traded on the Nasdaq until the close of business on Thursday.
This transfer decision is closely linked to Fifth Third's recent strategic transformation. The bank previously completed its merger with Comerica, elevating it to become the ninth-largest bank in the United States. Analysts point out that the NYSE is typically associated with large financial institutions. This transfer aims to better align the company's public market profile with its post-merger larger scale and structure while simultaneously enhancing its visibility among institutional investors.
Spence expressed his anticipation of continuing to serve customers and create long-term value for shareholders. In a welcoming statement, NYSE President Martin emphasized that Fifth Third combines a long tradition with a bold spirit of innovation, and the NYSE is proud to include it in its community alongside the world's leading companies.
Fifth Third was founded in 1858 and is headquartered in Cincinnati, Ohio. It is a diversified financial services company whose main businesses include commercial banking, personal and small business banking, and wealth and asset management. As of March 31, 2026, the bank's total assets amounted to $297 billion.
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