Zacks Investment Research downgraded Fifth Third Bancorp (NASDAQ:FITB) to Hold in a statement released earlier today.
- Updated: October 7, 2016
Just yesterday Fifth Third Bancorp (NASDAQ:FITB) traded 0.00% even at $20.54. Fifth Third Bancorp’s 50-day average is $20.18 and its two hundred day average is $18.57. With the last stock price up 11.67% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 5,597,356 shares of the stock were exchanged, down from an average trading volume of 6,066,180
Zacks Investment Research has downgraded Fifth Third Bancorp (NASDAQ:FITB) to Hold in a report released on 10/07/2016.
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With a total market value of $0, Fifth Third Bancorp 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 the stock. 5 firms rating the stock a strong buy, 7 firms rating the stock a buy, 20 firms rating the stock a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $19.88.
More 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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