Keefe, Bruyette & Woods downgraded Fifth Third Bancorp (NASDAQ:FITB) to Market Perform in a report released today.
- Updated: October 3, 2016
Yesterday Fifth Third Bancorp (NASDAQ:FITB) traded -0.54% lower at $20.35. FITB’s 50-day average is $20.08 and its two hundred day average is $18.49. With the last close up 10.07% 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 up over the average, with 6,025,689 shares of FITB changing hands over the typical 6,010,800
Keefe, Bruyette & Woods has downgraded Fifth Third Bancorp (NASDAQ:FITB) to Market Perform in a report released on Monday October 03, 2016.
With a total market value of $0, Fifth Third Bancorp has price-earnings ratio of 9.91 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 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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