Fifth Third Bancorp (NASDAQ: FITB) has reported E.P.S. of $0.72 for its fourth fiscal quarter (ending December 31) versus $1.01 for the same period a year ago — a decline of -29%. This performance was $-0.18 short of the consensus estimate of $0.90. E.P.S. were $3.23 for the latest four quarters through December 31 versus $3.38 for the same period a year ago — a decline of -4%.
Recent Price Action
Fifth Third Bancorp (NASDAQ: FITB) stock closed at $34.21 on 1/19/24 after a large increase of 2.9%. Moreover, trading volume in this advance was unusually high at 155% of normal. The stock has declined -3.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FITB is expected to continue to be an important Value Builder.
Fifth Third Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Fifth Third Bancorp has a good Appreciation Score of 71 and a very high Power Rating of 89, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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