For its third fiscal quarter (ending September 30), Fifth Third Bancorp (NASDAQ: FITB) has reported E.P.S. of $0.78 compared to $0.91 a year ago. E.P.S. were $3.02 for the latest four quarters through September 30 versus $3.52 for the same period a year ago.
Recent Price Action
Fifth Third Bancorp (NASDAQ: FITB) stock closed at $44.67 on 10/18/24 after a modest decline of -1.5%. Moreover, trading volume in this decline was exceptionally high at 235% of normal. The stock has risen 4.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fifth Third Bancorp has a good Appreciation Score of 75 and a very high Power Rating of 89, producing 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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