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Fifth Third Bancorp (NASDAQ:FITB) has been upgraded to Buy in a statement by Rafferty Capital Markets earlier today.

Rafferty Capital Markets has upgraded Fifth Third Bancorp(NASDAQ:FITB) to Buy in a statement released on Friday September 16 2016.

Boasting a price of $20.46, Fifth Third Bancorp (NASDAQ:FITB) traded 0.39% lower on the day. With the last close up 12.53% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. FITB has been tracking to a 50-day moving average of $19.60 and two hundred day average of $18.18. Trading volume was was up over the average, with 11,049,602 shares of FITB changing hands over the typical 6,471,600 shares.

Performance Chart:

Fifth Third Bancorp (NASDAQ:FITB)

With a total market value of $0.0, Fifth Third Bancorp has a one-year low of $13.84 and a one-year high of $21.14 with a P/E ratio of 10.

In addition to Rafferty Capital Markets reporting it’s price target, a total of 28 equity analysts have reported on Fifth Third Bancorp. The average target is $19.88 with five analysts rating the company a strong buy, seven firms rating the stock a buy, 20 firms rating the stock a hold, one firm rating the company to underperform, and finally 0 analystsrating the stock as sell.

General Information 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, and transaction deposits and other time deposits.

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