Fifth Third Bancorp (FITB) Tops Q4 EPS by 1c

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Piper Jaffray Cuts Price Target on Fifth Third Bancorp (FITB) Following 4Q Earnings

January 25, 2016 8:24 AM EST

Piper Jaffray reiterated a Neutral rating on Fifth Third Bancorp (NASDAQ: FITB), and cut the price target to $19.50 (from $22.00), following the company's 4Q earnings report. FITB's 2016 outlook calls for loan growth inline with that of nominal U.S. GDP growth of 2-3%. This outlook includes 2 additional rate hikes by the Fed... More