Fifth Third Bancorp (NASDAQ:FITB) has been upgraded to Buy in a report by Compass Point today.
- Updated: September 22, 2016
Yesterday Fifth Third Bancorp (NASDAQ:FITB) traded 0.39% higher at $20.74. The company’s 50-day moving average is $19.80 and its 200-day moving average is $18.32. With the last stock price close up 13.67% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 5,010,156 shares of FITB changing hands under the typical 6,356,810
Compass Point has upgraded Fifth Third Bancorp (NASDAQ:FITB) to Buy in a statement released on 9/22/2016.
See Chart Below
Fifth Third Bancorp has a PE ratio of 10.14 with a one year low of $13.84 and a one year high of $21.14 Fifth Third Bancorp’s market capitalization is currently $0.
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, 20 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $19.88.
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.
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