Fifth Third Bancorp (FITB) : Analyst Rating Update

Fifth Third Bancorp (FITB) : Zacks Investment Research ranks Fifth Third Bancorp (FITB) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 17 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 2.48, which indicates as a Buy.

Fifth Third Bancorp (FITB) : The most positive equity analysts on Fifth Third Bancorp (FITB) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $19.75 with an expected fluctuation of $1.2 from the mean.

Fifth Third Bancorp (NASDAQ:FITB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.40 and $16.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.77, notching a gain of 0.42% for the day. The total traded volume was 7,186,374 . The stock had closed at $16.70 on the previous day.

Also, Brokerage firm Susquehanna downgrades its rating on Fifth Third Bancorp (NASDAQ:FITB). The shares have been rated Neutral. Previously, the analysts had a Positive rating on the shares. The rating by the firm was issued on June 7, 2016. The company shares have dropped -18.38% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $21.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.21 and the 200 Day Moving Average price is recorded at $17.39.

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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