Rafferty upgraded Fifth Third Bancorp (NYSE:FITB) from Hold to Buy in a statement released earlier today.
- Updated: September 16, 2016
Rafferty has upgraded Fifth Third Bancorp(NYSE:FITB) from Hold to Buy in a report released on Friday September 16 2016.
Displaying a price of $20.46, Fifth Third Bancorp (NYSE:FITB) traded 0.39% lower on the day. The last stock price is up 12.53% from the 200-day average, compared with the S&P 500 which has fallen -0.01% over the date range. The company has registered a 50-day average of $19.60 and two hundred day moving average of $18.18. Volume of trade was was up over the average, with 11,049,602 shares of FITB changing hands over the typical 6,471,600 shares.
With a market capitalization of $0.0, Fifth Third Bancorp has a price-earnings of 10 with a one-year low of $13.84 and a 52 week high of $21.14.
Also covering Fifth Third Bancorp’s stock price target, a total of 28 firms have issued a research note on Fifth Third Bancorp. The one year target stock price is $19.88 with five firms rating the company a strong buy, seven analysts rating the stock a buy, 20 firms rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 brokeragesrating the stock as sell.
More 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, and transaction deposits and other time deposits.
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