Fifth Third Bancorp (FITB) is a large-cap bank holding company with a market cap of $30 billion. Despite slipping 7.8% from its 52-week high, FITB outperformed the Financial Select Sector SPDR Fund over six months. FITB’s stock has been trading above its moving averages since July and beat analyst estimates in Q3.
In comparison, Truist Financial Corporation (TFC) has shown marginal returns in the regional banks industry. Analysts are bullish on FITB, giving it a “Moderate Buy” rating with a mean price target of $50.86, suggesting a 12.5% potential upside. This information is for informational purposes only, with no positions held by the author.
Read more at Yahoo Finance: Is FITB Underperforming the Financial Sector?
