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A report released today by Robert W. Baird about Fifth Third Bancorp FITB (NYSE:FITB) raises the target price to $24.00

Fifth Third Bancorp FITB (NYSE:FITB) had its target bumped up to $24.00 by Robert W. Baird in an issued report announced 6/05/2017. The upped price target implies doubtful upside the company's most recent close.

On 05/29/2017, BMO Capital Markets released a statement on Fifth Third Bancorp FITB (NYSE:FITB) bumped up the target price from $0.00 to $27.00 that suggested an upside of 0.11%.

Boasting a price of $23.94, Fifth Third Bancorp FITB (NYSE:FITB) traded -1.41% lower on the day. With the last close down 8.40% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Fifth Third Bancorp FITB has recorded a 50-day average of $27.04 and a two hundred day average of $25.80. Volume of trade was down over the average, with 4,497,429 shares of FITB changing hands under the typical 5,246,020

Performance Chart

Fifth Third Bancorp FITB (NYSE:FITB)

With a total market value of $0, Fifth Third Bancorp FITB has price-earnings ratio of 14.18 with a one year low of $19.57 and a one year high of $28.97 .

A total of 28 analysts have released a research note on FITB. Five analysts rating the company a strong buy, seven analysts rating the company a buy, twenty analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $19.88.

More About Fifth Third Bancorp FITB (NYSE:FITB)

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. It offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits and transaction deposits.

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