Wells Fargo Reaffirms Their Buy Rating on Fifth Third Bancorp (FITB)
Wells Fargo analyst Mike Mayo maintained a Buy rating on Fifth Third Bancorp today and set a price target of $58.00.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Mayo is a 5-star analyst with an average return of 15.6% and a 68.63% success rate. Mayo covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of New York Mellon, and Citigroup.
Fifth Third Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $57.17.
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:
Disclaimer & DisclosureReport an Issue
- 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
