Alert: Positive Investment/Fundamental Signals (11/17/23)-Fifth Third Bancorp (NASDAQ: FITB)


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.

Fifth Third Bancorp (NASDAQ: FITB) has benefited from significant positive changes in fundamentals: 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 C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fifth Third Bancorp has a good Appreciation Score of 77 but a neutral Power Rating of 42, producing the High Neutral Value Trend Rating.

Recent Price Action

Fifth Third Bancorp (NASDAQ: FITB) stock increased 1.6% on 11/17/23. The shares closed at $27.56. The stock has performed in line with the market over the last nine months and has risen 11.0% during the last week.

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