Fifth Third Bancorp (FITB) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 . Wedbush advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Fifth Third Bancorp. Company shares were Downgraded by Robert W. Baird on Nov 16, 2016 to ” Underperform”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .Fifth Third Bancorp was Downgraded by Bernstein to ” Mkt Perform” on Nov 16, 2016. Company shares were Reiterated by UBS on Oct 24, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $21 .
On the company’s financial health, Fifth Third Bancorp reported $0.65 EPS for the quarter, based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus estimate of $0.65.Analysts expectations of $ 1523.76.During the same quarter in the previous year, the company posted $0.45 EPS.
Fifth Third Bancorp opened for trading at $25.5 and hit $25.73 on the upside on Tuesday, eventually ending the session at $25.39, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 68,59,196 shares. Company has a market cap of $19,152 M.
In a different news, on Nov 28, 2016, Timothy Spence (EVP & CSO) sold 4,000 shares at $26.21 per share price. According to the SEC, on Nov 28, 2016, Philip Mchugh (Executive Vice President) sold 18,619 shares at $26.28 per share price. On Nov 22, 2016, Teresa J. Tanner (EVP and CAO) sold 3,220 shares at $25.68 per share price, according to the Form-4 filing with the securities and exchange commission.
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 1302 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.