Fifth Third Bancorp (FITB) : Traders are bullish on Fifth Third Bancorp (FITB) as it has outperformed the S&P 500 by a wide margin of 3.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.51% in the last 1 week, and is up 3.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.1% and the fifty day Moving Average is 6.78%. Fifth Third Bancorp is up 5.3% in the last three month period. Year-to-Date the stock performance stands at -0.49%.
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.
Fifth Third Bancorp (NASDAQ:FITB): stock turned positive on Friday. Though the stock opened at $19.67, the bulls momentum made the stock top out at $19.87 level for the day. The stock recorded a low of $19.55 and closed the trading day at $19.69, in the green by 0.51%. The total traded volume for the day was 4,751,036. The stock had closed at $19.59 in the previous days trading.
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.