Market Overview

UPDATE: Guggenheim Securities Reiterates on Fifth Third Bancorp as Improvement is Still Off in the Distance

Share:

In a report published Tuesday, Guggenheim Securities analyst Marty Mosby reiterated a Buy rating on Fifth Third Bancorp (NASDAQ: FITB), and raised the price target from $23.00 to $25.00.

In the report, Guggenheim Securities noted, “Until short-term interest rates are expected to rise soon or regulators loosen their grip on excess capital, we believe investors should begin to be more selectively focused on banks with the potential for earnings momentum and a relative discount in valuation.”

Fifth Third Bancorp closed on Monday at $20.20.

Latest Ratings for FITB

DateFirmActionFromTo
Apr 2019MaintainsMarket PerformMarket Perform
Apr 2019MaintainsNeutral
Apr 2019MaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for FITB
View the Latest Analyst Ratings

Posted-In: Guggenheim Securities Marty MosbyAnalyst Color Price Target Analyst Ratings

 

Related Articles (FITB)

View Comments and Join the Discussion!

UPDATE: Guggenheim Securities Reiterates on Goldman Sachs as Banks Paddling Hard Can Still Create Progress

iPad Shipments Increase In Q4 After Retina Mini Sold Out On Black Friday