Fifth Third (NASDAQ:FITB) has been downgraded from Buy to Hold in a statement by Jefferies earlier today.
- Updated: October 7, 2016
Boasting a price of $20.74, Fifth Third (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 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 has downgraded Fifth Third (NASDAQ:FITB) from Buy to Hold in a statement released on 10/07/2016.
With a total market value of $0, Fifth Third has price-earnings ratio of 10.10 with a one year low of $13.84 and a one year high of $21.14 .
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 (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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