Fifth Third Bancorp – Consensus ‘buy’ rating and 10.9% Upside Potential

Broker Ratings
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Fifth Third Bancorp with ticker code (FITB) now have 20 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $34.00 and $26.00 and has a mean target at $30.68. Given that the stocks previous close was at $27.67 this would imply there is now a potential upside of 10.9%. The 50 day MA is $25.25 and the 200 day moving average is $27.19. The total market capitalization for the company now stands at 18.63B. The current share price for the company is: $27.36 USD

The potential market cap would be $20,659,521,904 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 7.79, revenue per share of $12.01 and a 1.22% return on assets.

Fifth Third Bancorp (the Bancorp) is a bank holding company for Fifth Third Bank, National Association. The Bancorp 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 Bancorp operates through three segments: Commercial Banking, which offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers; Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators, and Wealth and Asset Management, which provides a range of wealth management services for individuals, companies and nonprofit organizations.

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