Fifth Third Bancorp (FITB) Receives Price Target

Fifth Third Bancorp (FITB) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $17. The average forecast of all the analysts is $19.73 and the expected standard deviation is $1.18.

Fifth Third Bancorp (FITB) : The consensus on Fifth Third Bancorp (FITB) based on 23 analyst recommendation on the company stock is 2.61, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 17 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Fifth Third Bancorp (NASDAQ:FITB). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup 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): The stock opened at $20.22 on Thursday but the bulls could not build on the opening and the stock topped out at $20.27 for the day. The stock traded down to $19.78 during the day, due to lack of any buying support eventually closed down at $20.04 with a loss of -0.60% for the day. The stock had closed at $20.16 on the previous day. The total traded volume was 4,985,822 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.