Fifth Third Bancorp (NASDAQ:FITB) most recently reported quarterly actual earnings per share of $0.4 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.37. The difference between the estimate and the actual EPS was $0.03 creating a surprise factor of 8.11%. Currently, the company has an impact score of 81. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.098. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $20.312 on the shares. The most bullish brokerage firm has a $23.5 target, while the most bearish sees the stock headed towards $17. This is according to the 16 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.54. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 16 recommendations taking into account in order to arrive at this number. Of the 16, 4 have a Strong Buy rating and 3 are rating it a Buy.
Fifth Third Bancorp (the Bancorp) is a diversified financial services company. As of December 31, 2011, the Bancorp had 7 billion in assets, operated 15 affiliates with 1,316 full-service Banking Centers, including 104 Bank Mart locations open seven days a week inside select grocery stores, and 2,425 automated teller machines (ATMs) in 12 states throughout the Midwestern and Southeastern regions of the United States. The Bancorp operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. The Bancorp also has a 49% interest in Vantiv Holding, LLC.
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