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Stock impact report

Keefe Bruyette Refreshes Fifth Third (FITB) Outlook Following Recent Meetings [Yahoo! Finance]

Fifth Third Bancorp (FITB) 
Last fifth third bancorp earnings: 4/21 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.53.com/investor-overview
Company Research Source: Yahoo! Finance
On December 17, Keefe Bruyette raised its price target on Fifth Third Bancorp (NASDAQ:FITB) to $53 from $50 and kept a Market Perform rating on the shares. The firm refreshed its estimates after recent conference updates and meetings with management. On December 9, the bank announced a strategic acquisition aimed at strengthening its position in multifamily housing finance across the US. Fifth Third Bancorp (NASDAQ:FITB) entered into a definitive agreement to acquire Mechanics Bank's Delegated Underwriting and Servicing (DUS) business line. The deal includes an experienced operating team and a $1.8 billion unpaid principal balance servicing portfolio. John Hein, head of Commercial Real Estate at Fifth Third, made the following comment: “This acquisition strengthens Fifth Third's leadership in commercial real estate finance and expands our ability to serve multifamily developers and investors with competitive, permanent financing solutions. Multifamily housing is the largest com Show less Read more
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