Fifth Third Bank announced it will increase its prime lending rate to 8.50%, effective immediately. The rate was last changed on May 3, 2023, when Fifth Third increased its prime lending rate from 8.00% to 8.25%.
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- Fifth Third price target raised to $33 from $30 at BofA
- Fifth Third price target raised to $31 from $28 at Citi
- Fifth Third price target lowered to $34 from $36 at RBC Capital
- Fifth Third price target raised to $29 from $28 at DA Davidson
- Argus cuts Fifth Third earnings outlook on slower loan growth