Citigroup (NYSE:C) analyst Citigroup maintained a Hold rating on Fifth Third Bancorp (NASDAQ:FITB) on Thursday, setting a price target of $22, which is approximately 10.00% above the present share price of $20.
expects Fifth Third Bancorp (NASDAQ:TBBK) to post earnings per share (EPS) of $0.23 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Fifth Third Bancorp, with an average price target of $22.4.
The analysts price targets range from a high of $27 to a low of $15.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.79 billion and a net profit of $0. The company's market cap is $14.02 billion.
According to TipRanks.com, Citigroup analyst Citigroup is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 57.79% success rate.
Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.