RBC Capital raised the firm’s price target on Fifth Third to $38 from $35 and keeps an Outperform rating on the shares. The company delivered a “good” Q4 performance despite the uncertain environment, and the bank remains well-capitalized with a CET1 ratio of 10.3% as the management continued its pause of share repurchases to maintain its strong capital levels given the uncertainty in the regulatory and economic outlook, the analyst tells investors in a research note.
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