Evercore Partners Tweaks Fifth Third Bancorp (FITB) Estimates
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Price: $18.25 +0.83%
Rating Summary:
13 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade FITB Now!
Evercore Partners today maintained an Equal Weight rating on Fifth Third Bancorp (NASDAQ: FITB) with a price target of $17.00
Analyst Andrew Marquardt said, "FITB indicated pressure on mrtg GOS margins this morning at an industry conference citing market conditions and competition. While no commentary if prior 1Q13 mrtg guidance of ~$230m is at risk, mgmt did indicate that GOS margins have tightened faster than previous expectations and we are tweaking our ests lower to reflect this—1Q to $0.37 (from $0.38), ’13 to $1.61 (from $1.64), and ’14 to $1.67 (from $1.68). PT of $17 implies 10.6x ‘13."
For an analyst ratings summary and ratings history on Fifth Third Bancorp (NASDAQ: FITB) click here. For more ratings news on Fifth Third Bancorp click here.
Shares of Fifth Third Bancorp closed at $16.56 yesterday, with a 52 week range of $12.04-$16.77.
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Analyst Andrew Marquardt said, "FITB indicated pressure on mrtg GOS margins this morning at an industry conference citing market conditions and competition. While no commentary if prior 1Q13 mrtg guidance of ~$230m is at risk, mgmt did indicate that GOS margins have tightened faster than previous expectations and we are tweaking our ests lower to reflect this—1Q to $0.37 (from $0.38), ’13 to $1.61 (from $1.64), and ’14 to $1.67 (from $1.68). PT of $17 implies 10.6x ‘13."
For an analyst ratings summary and ratings history on Fifth Third Bancorp (NASDAQ: FITB) click here. For more ratings news on Fifth Third Bancorp click here.
Shares of Fifth Third Bancorp closed at $16.56 yesterday, with a 52 week range of $12.04-$16.77.
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