Barclays analyst Jason Goldberg lowered the firm’s price target on Fifth Third (FITB) to $51 from $56 and keeps an Overweight rating on the shares following the Q1 report. The company’s earnings were ahead as expenses, loans, and tax rate were better than its forecast and net interest income and fees were in line, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FITB:
- Fifth Third price target lowered to $48 from $50 at Wells Fargo
- Fifth Third Bancorp: Strong Loan Growth and Record NII Projections Drive Buy Rating
- Fifth Third Bancorp Shows Resilient Q1 2025 Performance
- Fifth Third Bancorp’s Strong Earnings Amid Challenges
- Fifth Third says focus remains on ‘prudently managing’ funding costs