In a report released yesterday, Lana Chan from BMO Capital reiterated a Hold rating on Fifth Third Bancorp (NASDAQ: FITB), with a price target of $34. The company’s shares closed yesterday at $29.96.
According to TipRanks.com, Chan is a 5-star analyst with an average return of 13.8% and a 73.4% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, TCF Financial Corporation, and Cathay General Bancorp.
Currently, the analyst consensus on Fifth Third Bancorp is a Hold with an average price target of $34.33.
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Fifth Third Bancorp’s market cap is currently $20.52B and has a P/E ratio of 8.71. The company has a Price to Book ratio of 1.38.
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Fifth Third Bancorp engages in the provision of banking and financial services, retail and 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.
