Barclays Reaffirms Their Buy Rating on Fifth Third Bancorp (FITB)
Barclays analyst Jason Goldberg maintained a Buy rating on Fifth Third Bancorp today and set a price target of $61.00.
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Goldberg covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and Regions Financial. According to TipRanks, Goldberg has an average return of 18.0% and a 69.43% success rate on recommended stocks.
In addition to Barclays, Fifth Third Bancorp also received a Buy from TipRanks – Google’s Google Banks – Regional in a report issued yesterday. However, on the same day, 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 September 30, the company reported a quarterly revenue of $3.3 billion and a net profit of $649 million. In comparison, last year the company earned a revenue of $3.31 billion and had a net profit of $573 million
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock. Last month, Jude Schramm, the EVP & CIO of FITB sold 2,250.00 shares for a total of $109,125.00.
Read More on FITB:
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