Wedbush announced Fifth Third (NASDAQ:FITB), raising its target price to $22.00 today
- Updated: October 6, 2016
Stating a potential upside of 0.06%, Wedbush bumped up the stock price target of Fifth Third (NASDAQ:FITB) to $22.00
Having a price of $20.74, Fifth Third (NASDAQ:FITB) traded 0.00% even on the day. With the last close up 11.67% 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 $20.18 and a two hundred day average of $18.57. Trade Volume was down over the average, with 5,597,356 shares of FITB changing hands under the typical 6,066,180
Recent Performance Chart
Fifth Third has PE ratio of 10.10 with a 52 week low of $13.84 and a 52 week high of $21.14 and has a market cap of $0.
In addition to Wedbush reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $19.88 with 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 lastly zero equity analysts rating the company a sell.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.