CLSA announced Fifth Third Bancorp (NYSE:FITB), boosting its stock price target to $23.00 today
- Updated: September 23, 2016
Boasting a price of $21.06, Fifth Third Bancorp (NYSE:FITB) traded 0.39% higher on the day. With the last stock price close up 13.67% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fifth Third Bancorp has recorded a 50-day average of $19.80 and a two hundred day average of $18.32. Volume of trade was down over the average, with 5,010,156 shares of FITB changing hands under the typical 6,356,810
In a report released on 9/23/2016 CLSA increased the stock price target of Fifth Third Bancorp (NYSE:FITB) from $19.00 to $23.00 stating a potential upside of 0.09%.
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Fifth Third Bancorp has a 52 week low of $13.84 and a 52 week high of $21.14 with a P/E ratio of 10.14 The company’s market cap is currently $0.
In addition to CLSA reporting its target price, a total of 28 firms have issued a report on the stock. The consensus target price is $19.88 with 5 firms rating the stock a strong buy, 7 firms rating the stock a buy, 20 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Fifth Third Bancorp (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. The Company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. 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. The Company offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, transaction deposits and other time deposits.
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