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 6.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.11%, 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 2.66% in the last 1 week, and is up 4.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.66% and the 50-Day Moving Average is 6.79%.The 200 Day SMA reached 14.49% Fifth Third Bancorp is up 13.26% in the last 3-month period. Year-to-Date the stock performance stands at 3.4%.
Fifth Third Bancorp (FITB) : The most positive equity analysts on Fifth Third Bancorp (FITB) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $20.06 with an expected fluctuation of $1.59 from the mean.
Company shares have received an average consensus rating of Hold for the current week Fifth Third Bancorp (NASDAQ:FITB): stock was range-bound between the intraday low of $20.3 and the intraday high of $20.56 after having opened at $20.38 on Fridays session. The stock finally closed in the red at $20.38, a loss of -0.39%. The stock remained in the red for the whole trading day. The total traded volume was 11,059,730 shares. The stock failed to cross $20.56 in Fridays trading. The stocks closing price on Thursday was $20.54.
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.