Fifth Third Bancorp (NASDAQ: FITB). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in Fifth Third Bancorp (NASDAQ: FITB) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FITB is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 79 and a very high Power Rating of 87, with the Highest Value Trend Rating the result.
Recent Price Action
On 7/15/24, Fifth Third Bancorp (NASDAQ: FITB) stock increased 1.8%, closing at $39.16. Moreover, this advance was accompanied by unusually high trading volume at 151% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.7% during the last week.
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