Brokerage Firm Rating Update on Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) : The consensus on Fifth Third Bancorp (FITB) based on 23 analyst recommendation on the company stock is 2.61, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 17 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Fifth Third Bancorp (FITB) : The highest level Fifth Third Bancorp (FITB) is projected to reach is $22 for the short term and the lowest estimate is at $17. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $19.73 and the possibility the share price can swing is $1.18.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Fifth Third Bancorp (NASDAQ:FITB). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $21 per share from a prior target of $20. The rating by the firm was issued on August 1, 2016.

Fifth Third Bancorp (NASDAQ:FITB): The stock opened at $19.79 and touched an intraday high of $20.06 on Wednesday. During the day, the stock corrected to an intraday low of $19.7, however, the bulls stepped in and pushed the price higher to close in the green at $20.02 with a gain of 0.75% for the day. The total traded volume for the day was 4,312,462. The stock had closed at $19.87 in the previous trading session.

Fifth Third Bancorp is a bank holding company. The Companys subsidiary, Fifth Third Bank, provide a range of financial products and services to the retail, commercial, financial, governmental, educational and medical sectors, and credit products, such as credit cards, installment loans, mortgage loans and leases. The Company operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation, cash management and financial services to market businesses and Government, and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1,302 Banking Centers. Consumer Lending includes its mortgage, home equity, automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals, companies and not-for-profit organizations.

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