Fifth Third Bancorp (NASDAQ:FITB) has been downgraded to Equal Weight in a statement by Stephens earlier today.
- Updated: October 9, 2016
Stephens has downgraded Fifth Third Bancorp (NASDAQ:FITB) to Equal Weight in a statement released on Wednesday October 05, 2016.
On 10/04/2016, Zacks Investment Research released a statement on Fifth Third Bancorp (NASDAQ:FITB) upped the target price from $0.00 to $23.00 that suggested an upside of 0.12%.
Having a price of $20.47, Fifth Third Bancorp (NASDAQ:FITB) traded -0.24% lower on the day. With the last close up 11.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Fifth Third Bancorp has recorded a 50-day average of $20.25 and a two hundred day average of $18.61. Volume of trade was down over the average, with 6,015,005 shares of FITB changing hands under the typical 6,062,730
With a total market value of $0, Fifth Third Bancorp has price-earnings ratio of 10.08 with a one year low of $13.84 and a one year high of $21.14 .
A total of 28 analysts have released a report on Fifth Third Bancorp. 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 12-month price target of $19.88.
More About Fifth Third Bancorp (NASDAQ: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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.