Fifth Third Bancorp Q1 Earnings Preview: Higher Rates Could Boost Guidance (Rating Upgrade) [Seeking Alpha]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
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US:NASDAQ Investor Relations:
ir.53.com/investor-overview
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Source: Seeking Alpha
Investors will be focused on net interest income, deposit levels/costs, and loan losses in Q1 results. Higher rates may be a capital headwind for the company, but they are likely an earnings tailwind, due to higher net interest income. At 10x earnings, FITB shares are attractive. Shares of Fifth Third Bancorp ( NASDAQ: FITB ) have recovered meaningfully from levels seen last year in the wake of Silicon Valley's failure, though they have been stuck around $34 for essentially all of 2024. Since rating shares a hold in January , FITB has basically tread water while the S&P has rallied modestly. With Q1 earnings set to be released on Friday April 19 , now is an opportune time to preview the release and determine how to trade shares. I am increasingly optimistic. Fifth Third Bancorp's Q4 results were strong Before turning to what we expect, it is worth remembering what Fifth Third most recently reported. The company beat estimates by $0.09, earning $0.99 in adjusted EPS. The ban
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FITB
News
- Fifth Third Bancorp: Expensive For The Right Reasons [Seeking Alpha]Seeking Alpha
- Fifth Third Bancorp (NASDAQ: FITB) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its price target raised by analysts at DA Davidson from $37.00 to $39.00. They now have a "neutral" rating on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $40.00 price target on the stock, up previously from $39.00.MarketBeat
- Fifth Third Joins Mastercard's Priceless Planet Coalition [Yahoo! Finance]Yahoo! Finance
FITB
Earnings
- 4/19/24 - Miss
FITB
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/23/24 - Form 13F-HR
- FITB's page on the SEC website