Fifth Third Bancorp – Consensus ‘buy’ rating and 32.1% Upside Potential

Broker Ratings
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Fifth Third Bancorp with ticker code (FITB) have now 19 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $34.00 and $27.40 calculating the mean target price we have $30.89. Now with the previous closing price of $23.38 this would indicate that there is a potential upside of 32.1%. It’s also worth noting that there is a 50 day moving average of $25.34 and the 200 moving average now moves to $27.96. The market capitalization for the company is 16.00B. The current share price for the company is: $23.50 USD

The potential market cap would be $21,139,251,417 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 6.69, 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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