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Fifth Third Bancorp (NASDAQ:FITB) has been downgraded to Hold in a statement by Jefferies Group earlier today.

Boasting a price of $20.74, Fifth Third Bancorp (NASDAQ:FITB) traded 0.00% even on the day. With the last stock price close up 11.67% 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 $20.18 and a two hundred day average of $18.57. Volume of trade was down over the average, with 5,597,356 shares of FITB changing hands under the typical 6,066,180

Jefferies Group has downgraded Fifth Third Bancorp (NASDAQ:FITB) to Hold in a statement released on 10/07/2016.

Performance Chart

Fifth Third Bancorp (NASDAQ:FITB)

With a total market value of $0, Fifth Third Bancorp has 52 week low of $13.84 and a 52 week high of $21.14 with a PE ratio of 10.10 .

In addition to Jefferies Group reporting its stock price target, a total of 28 brokerages have issued a ratings update on the company. The average stock price target is $19.88 with 5 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 20 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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.

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