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Analysts Offer Insights on Financial Companies: Fifth Third Bancorp (FITB), Truist Financial (TFC) and Ally Financial (ALLY)

Tipranks - Tue Apr 21, 7:22AM CDT

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Fifth Third Bancorp (FITB), Truist Financial (TFC) and Ally Financial (ALLY) with bullish sentiments.

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Fifth Third Bancorp (FITB)

Truist Financial analyst Brian Foran maintained a Buy rating on Fifth Third Bancorp today. The company’s shares closed last Friday at $50.34.

According to TipRanks.com, Foran is a 4-star analyst with an average return of 11.9% and a 76.6% success rate. Foran covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, First Citizens BancShares, and First Financial Bancorp. ;'>

Currently, the analyst consensus on Fifth Third Bancorp is a Strong Buy with an average price target of $56.73, which is an 11.4% upside from current levels. In a report issued on April 7, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $55.00 price target.

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Truist Financial (TFC)

RBC Capital analyst Gerard Cassidy maintained a Buy rating on Truist Financial on April 17 and set a price target of $53.00. The company’s shares closed last Friday at $50.57.

According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 14.5% and a 71.3% success rate. Cassidy covers the Financial sector, focusing on stocks such as Bank of New York Mellon, Fifth Third Bancorp, and Goldman Sachs Group. ;'>

Currently, the analyst consensus on Truist Financial is a Moderate Buy with an average price target of $55.09, which is a 13.0% upside from current levels. In a report issued on April 5, Bank of America Securities also maintained a Buy rating on the stock with a $54.00 price target.

Ally Financial (ALLY)

In a report issued on April 17, Jon Arfstrom from RBC Capital maintained a Buy rating on Ally Financial, with a price target of $52.00. The company’s shares closed last Friday at $45.36, close to its 52-week high of $45.46.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 14.5% and a 61.2% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Pinnacle Financial Partners. ;'>

Ally Financial has an analyst consensus of Strong Buy, with a price target consensus of $52.67, implying a 19.3% upside from current levels. In a report issued on April 17, TipRanks – PerPlexity also upgraded the stock to Buy with a $47.00 price target.

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