Fifth Third Bancorp Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Fifth Third Bancorp (NASDAQ:FITB) is set to release Q4 earnings on Jan. 19, 2023, with expected earnings of 85 cents per share, down from $1.00 year-over-year, and projected revenue of $2.16 billion, down from $2.32 billion. The company has seen recent executive appointments and a 1.6% share price drop to $33.24. Analysts have provided mixed ratings and price targets, with the most recent being a downgrade to Market Perform with a $37 target by Keefe, Bruyette & Woods.
January 19, 2024 | 9:14 am
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Fifth Third Bancorp is anticipated to report lower Q4 earnings and revenue. Recent executive changes and mixed analyst ratings may influence investor sentiment.
The expected decrease in earnings and revenue could be seen as negative by investors, but this may be offset by recent executive appointments and the mixed analyst ratings. The short-term impact is likely to be neutral as the market has likely already priced in the anticipated earnings results, and the analyst ratings do not present a clear consensus.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100