Fifth Third Bancorp (FITB)
NASDAQ: FITB · IEX Real-Time Price · USD
36.98
+0.71 (1.96%)
At close: Jul 2, 2024, 4:00 PM
36.75
-0.23 (-0.62%)
After-hours: Jul 2, 2024, 7:03 PM EDT
Fifth Third Bancorp Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Fifth Third Bancorp stock have an average target of 38.53, with a low estimate of 31 and a high estimate of 44. The average target predicts an increase of 4.19% from the current stock price of 36.98.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FITB stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Buy | 6 | 6 | 5 | 5 | 7 | 7 |
| Hold | 6 | 6 | 8 | 9 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 15 | 15 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $42 → $41 | Hold | Maintains | $42 → $41 | +10.87% | Jun 25, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $40 | Hold | Maintains | $40 | +8.17% | Jun 11, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $41 | Hold | Reiterates | $41 | +10.87% | Jun 11, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $43 | Hold → Buy | Upgrades | $43 | +16.28% | May 31, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | +6.81% | May 1, 2024 |
Financial Forecast
Revenue This Year
8.83B
from 8.19B
Increased by 7.74%
Revenue Next Year
9.24B
from 8.83B
Increased by 4.71%
EPS This Year
3.30
from 3.22
Increased by 2.63%
EPS Next Year
3.66
from 3.30
Increased by 10.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.2B | 9.7B | 10.1B |
| Avg | 8.8B | 9.2B | 9.6B |
| Low | 8.4B | 8.7B | 9.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.5% | 9.6% | 9.8% |
| Avg | 7.7% | 4.7% | 4.2% |
| Low | 2.3% | -1.3% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.50 | 3.99 | 4.49 | 3.62 | 3.65 |
| Avg | 3.30 | 3.66 | 4.02 | 3.52 | 3.55 |
| Low | 3.13 | 3.24 | 3.61 | 3.38 | 3.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.6% | 20.7% | 22.9% | -9.8% | 3.8% |
| Avg | 2.6% | 10.6% | 9.9% | -12.4% | 0.9% |
| Low | -2.9% | -1.8% | -1.4% | -15.8% | -3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.