Analyst Rating Update on Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) : 4 brokerage houses believe that Fifth Third Bancorp (FITB) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 18 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fifth Third Bancorp (FITB). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 25 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.

Fifth Third Bancorp (FITB) : Currently there are 17 street experts covering Fifth Third Bancorp (FITB) stock. The most bullish and bearish price target for the stock is $22 and $17 respectively for the short term. The average price target of all the analysts comes to $19.68. The estimated standard deviation from the target is $1.12.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Oppenheimer downgrades its rating on Fifth Third Bancorp (NASDAQ:FITB). The rating major has initiated the coverage with perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 6, 2016.


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 $18.61 and $18.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.96, notching a gain of 2.05% for the day. The total traded volume was 6,622,879 . The stock had closed at $18.58 on the previous day.

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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