Fifth Third Bancorp (FITB) Receives ‘Analyst’ Rating

Fifth Third Bancorp (FITB) : 23 analysts are covering Fifth Third Bancorp (FITB) and their average rating on the stock is 2.61, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Fifth Third Bancorp (FITB) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 17 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Fifth Third Bancorp (FITB) : Currently there are 15 street experts covering Fifth Third Bancorp (FITB) stock. The most bullish and bearish price target for the stock is $23 and $17 respectively for the short term. The average price target of all the analysts comes to $19.83. The estimated standard deviation from the target is $1.35.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Fifth Third Bancorp (NASDAQ:FITB). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $20 per share to $21 per share. The rating by the firm was issued on August 1, 2016.

Fifth Third Bancorp (NASDAQ:FITB): After opening at $20.27, the stock dipped to an intraday low of $20.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $20.67 and the buying power remained strong till the end. The stock closed at $20.54 for the day, a gain of 0.83% for the day session. The total traded volume was 7,227,506. The stocks close on the previous trading day was $20.37.

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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