Alert: Positive Investment/Fundamental Signals (12/14/23)-Fifth Third Bancorp (NASDAQ: FITB)


Recent exceptional positive changes in investment behavior have benefitted Fifth Third Bancorp (NASDAQ: FITB): the stock rose on very heavy volume, and positive upside/downside volume developed.

Fifth Third Bancorp (NASDAQ: FITB) has benefited from meaningful 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 B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Fifth Third Bancorp has a slightly positive Power Rating of 68 and a good Appreciation Score of 74, triggering the Positive Value Trend Rating.

Recent Price Action

Fifth Third Bancorp (NASDAQ: FITB) stock closed at $35.14 on 12/14/23 after a very large increase of 8.6%. Moreover, trading volume in this advance was exceptionally high at 242% of normal. The stock has risen 16.1% during the last week and has been strong relative to the market over the last nine months.

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