Fifth Third Bancorp (NASDAQ: FITB) has reported E.P.S. of $0.70 for its first fiscal quarter (ending March 31) versus $0.78 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.15 versus $3.46 for the same period a year ago.
Recent Price Action
On 4/19/24, Fifth Third Bancorp (NASDAQ: FITB) stock enjoyed a very large increase of 5.9%, closing at $36.25. Moreover, trading volume in this advance was exceptionally high at 258% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
FITB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fifth Third Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Fifth Third Bancorp has a good Appreciation Score of 79 and a very high Power Rating of 95, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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