Keefe, Bruyette & Woods Upgrades Fifth Third Bancorp (FITB) to Outperform
More News related to FITB
- Fifth Third Mortgage Company Helping More Homebuyers With Tax Credit Extension
- Jean Hilliard To Lead Fifth Third Bank's Treasury Management National Sales Team
- Pomeroy IT Solutions (PMRY) Entered New Multi-Year IT Services Contract with Fifth Third Bank (FITB)
- Pomeroy IT Solutions Announces Renewal of Services Contract With Fifth Third Bank
- Paulson Pick-Up Of Citigroup (C) Shares Is Nothing New
Keefe, Bruyette & Woods upgrades Fifth Third Bancorp (Nasdaq: FITB) from Market Perform to Outperform. Price target $8.
Keefe analyst says, "Despite recent strength in the shares, we are upgrading FITB to OP from MP as it is one of the more inexpensive names in the BKX on both price to TBV and price to normalized EPS. In addition, we believe the results of the Treasury's stress test (SCAP) will reveal capital needs of approximately $1.1 billion, which may be achieved by converting FITB's non-TARP convertible preferred securities. Raising target."
To see more analyst ratings on FITB Click Here.
Fifth Third Bancorp (the Bancorp) is a diversified financial services company.
Related Categories
UpgradesStocks Mentioned
-0.08Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
