Fifth Third Bancorp (NASDAQ:FITB) has been upgraded to Neutral in a report by Hilliard Lyons today.
- Updated: March 20, 2017
Boasting a price of $26.38, Fifth Third Bancorp (NASDAQ:FITB) traded -1.13% lower on the day. With the last stock price close up 7.59% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Fifth Third Bancorp has recorded a 50-day average of $27.03 and a two hundred day average of $24.49. Volume of trade was up over the average, with 11,694,319 shares of FITB changing hands over the typical 5,974,820
Hilliard Lyons has upgraded Fifth Third Bancorp (NASDAQ:FITB) to Neutral in a statement released on Monday March 20, 2017.
With a total market value of $0, Fifth Third Bancorp has price-earnings ratio of 13.65 with a one year low of $16.02 and a one year high of $28.97 .
A total of 28 equity analysts have released a ratings update on FITB. Five equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, twenty equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.88.
Brief Synopsis 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. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. 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. It offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits and transaction deposits.
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