Nomura downgraded Fifth Third Bancorp (NYSE:FITB) from Neutral to Reduce in a statement released earlier today.
- Updated: October 10, 2016
Having a price of $20.68, Fifth Third Bancorp (NYSE:FITB) traded 0.00% even on the day. With the last close up 11.17% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FITB has recorded a 50-day average of $20.25 and a two hundred day average of $18.61. Trade Volume was down over the average, with 5,127,587 shares of FITB changing hands under the typical 6,062,730
Nomura has downgraded Fifth Third Bancorp (NYSE:FITB) from Neutral to Reduce in a statement released on 10/10/2016.
Recent Performance Chart
Fifth Third Bancorp has P/E ratio of 10.08 with a one year low of $13.84 and a one year high of $21.14 and has a total market value of $0.
A total of 28 brokerages have issued a ratings update on the stock. 5 brokers rating the stock a strong buy, seven equity analysts rating the company a buy, twenty analysts rating the company a hold, one broker rating the stock a underperform, and finally zero brokerages rating the stock a sell with a consensus target price of $19.88.
General Information About Fifth Third Bancorp (NYSE: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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