Fifth Third Bancorp (FITB): Price Target and June Short Interest Disclosure

Fifth Third Bancorp (FITB) : Average target price received by Fifth Third Bancorp (FITB) is $19.61 with an expected standard deviation of $1.12. The most aggressive target on the stock is $22, whereas the most downbeat target is $17. 18 financial analysts are currently covering the stock.

Fifth Third Bancorp (FITB) encountered a rise of 3.2% or 655,729 shares in the short positions. The number escalated from 20,772,127 on June 15,2016 to 21,427,856 on June 30,2016. The final interest is 2.8% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 10,370,756 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Oppenheimer downgrades the rating on Fifth Third Bancorp (NASDAQ:FITB). The brokerage firm has issued a Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 6, 2016.


Fifth Third Bancorp (NASDAQ:FITB): stock turned positive on Thursday. Though the stock opened at $18.34, the bulls momentum made the stock top out at $18.51 level for the day. The stock recorded a low of $18.235 and closed the trading day at $18.44, in the green by 2.79%. The total traded volume for the day was 6,064,348. The stock had closed at $17.94 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.

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