RBC Capital Sticks to Their Buy Rating for Fifth Third Bancorp (FITB)
RBC Capital analyst Gerard Cassidy maintained a Buy rating on Fifth Third Bancorp yesterday and set a price target of $57.00.
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Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, JPMorgan Chase, and PNC Financial. According to TipRanks, Cassidy has an average return of 13.9% and a 65.07% success rate on recommended stocks.
In addition to RBC Capital, Fifth Third Bancorp also received a Buy from J.P. Morgan’s Vivek Juneja in a report issued on March 16. However, on March 11, TipRanks – xAI reiterated a Hold rating on Fifth Third Bancorp (NASDAQ: FITB).
Based on Fifth Third Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.28 billion and a net profit of $731 million. In comparison, last year the company earned a revenue of $3.23 billion and had a net profit of $620 million
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FITB in relation to earlier this year. Last month, Jude Schramm, the EVP & CIO of FITB sold 14,896.00 shares for a total of $757,511.88.
Read More on FITB:
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- Fifth Third resumed with an Overweight at JPMorgan
- Fifth Third price target lowered to $53 from $60 at Truist
- Fifth Third Highlights Growth Strategy at RBC Financial Conference
- Fifth Third price target raised to $67 from $60 at Morgan Stanley
- Fifth Third Ties Executive Pay to Comerica Merger Integration
