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Fifth Third Bancorp (FITB) has an average rating of overweight and mean price target of $62.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $57.76, Change: $+0.10, Percent Change: +0.16%
Fifth Third Bancorp's (FITB) integration of Comerica is progressing well and should exceed management's goals, RBC Capital Markets said Friday in a report.The Comerica systems conversion, scheduled for early September, is the final step toward realizing the full cost-saving benefits of the deal in Q4, the report said.RBC cited net interest income and margin expansion from both the Comerica contribution and organic momentum following Fifth Third's Q2 results last week, along with broad-based fee revenue growth and improved credit quality.With capital ratios rebuilding, RBC expects Fifth Third to restart its stock buyback program in Q3.RBC raised its price target on Fifth Third stock to $62 from $57 and maintained its outperform rating.Price: $57.59, Change: $-0.42, Percent Change: -0.72%
Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index declining 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index lost 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was little changed.Bitcoin (BTC-USD) rose 0.7% to $64,215, and the yield for 10-year US Treasuries shed 2.8 basis points to 4.541%.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for a gain to 51.0 in a survey compiled by Bloomberg.In corporate news, Jefferies Financial (JEF) evacuated its Manhattan offices after a fire broke out at the Papillon restaurant, prompting the bank to temporarily close its headquarters, Bloomberg reported. Jefferies shares fell 1.8%.Truist Financial's (TFC) Q2 earnings topped Wall Street estimates amid higher investment-banking, trading and wealth-management income, while the company tempered its full-year revenue-growth outlook. Truist shares fell 1.1%.Fifth Third Bancorp (FITB) reported a steeper-than-expected drop in Q2 profit, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.6%, and Regions dropped 2.3%.Travelers' (TRV) Q2 earnings unexpectedly increased, while the property and casualty insurer's written premiums came in ahead of market estimates. The shares jumped 9.2%.
Fifth Third Bancorp (FITB) has an average rating of overweight and mean price target of $61.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $57.64, Change: $-1.74, Percent Change: -2.92%
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.6%.The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was decreasing 0.2% to $63,628, and the yield for 10-year US Treasuries was shedding 2.4 basis points to 4.545%.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for a smaller gain to 51.0 in a survey compiled by Bloomberg.In regulatory news, the Securities and Exchange Commission has received more than 200,000 public comments on Chairman Paul Atkins' proposal to allow companies to report earnings twice a year rather than quarterly, The Wall Street Journal reported.In corporate news, Fifth Third Bancorp (FITB) on Friday reported a steeper-than-expected drop in Q2 profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.3%, and Regions was down 1.9%.Travelers' (TRV) Q2 earnings unexpectedly increased year over year, while the property and casualty insurer's written premiums came in ahead of market estimates. Its shares jumped 8.1%.JPMorgan Chase (JPM) has been approached by more than 100 companies to explore the US lender's banking and payment services to set up corporate treasury operations at the Gujarat International Finance Tec-City, known as GIFT City, in India, Bloomberg reported. JPMorgan shares were up 0.1%.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.6%.The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was decreasing 0.2% to $63,628, and the yield for 10-year US Treasuries was shedding 2.4 basis points to 4.545%.In corporate news, Fifth Third Bancorp (FITB) on Friday reported a steeper-than-expected drop in Q2 profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.2%, and Regions was down 1.8%.
Fifth Third Bancorp's (FITB) on Friday reported a steeper-than-expected drop in second-quarter profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates.Fifth Third's per-share earnings for the June quarter declined to $0.83 from $0.88 a year earlier, weaker than the FactSet-polled consensus of $0.84. The quarter included a negative impact of $0.19 a share on the bottom line related to the company's acquisition of regional lender Comerica. Fifth Third said pre-tax merger-related charges boosted noninterest expense by $203 million."The Comerica integration remains on track," Chief Executive Tim Spence said in a statement. "Systems conversion is scheduled for Labor Day weekend (in September) and is the final step to unlocking the full run-rate of our expected cost synergies."Fifth Third's revenue for the quarter rose to $3.28 billion from $2.25 billion a year earlier, surpassing the Street's $3.24 billion estimate.Net interest income grew 48% year over year to $2.22 billion, boosted by the acquisition of Comerica. Noninterest income surged 41% to $1.06 billion.For this year, Fifth Third now anticipates net interest income to come in between $8.74 billion and $8.8 billion, according to an earnings presentation, with the bottom end adjusted higher from previous outlook of $8.7 billion issued in April. For the ongoing quarter, it expects the metric to be up 2% to 2.5%Separately, Regions Financial (RF) posted second-quarter adjusted EPS of $0.68, compared with $0.60 a year earlier and the FactSet-polled consensus of $0.63. Revenue held steady at $1.91 billion, falling short of the $1.94 billion expected by analysts."Overall, we're pleased with our performance for the second quarter, reflecting disciplined execution across the franchise and the benefits of investments we've made to position the company to deliver sound and profitable growth," CEO John Turner said during an earnings call, according to a FactSet transcript. "As we look across our footprint, we remain encouraged by the overall operating environment and economic activity is solid and despite ongoing uncertainty."Net interest income rose 1.4% year over year to $1.28 billion, and was up 2.3% from the prior three-month period. Noninterest income fell 2.5% to $630 million.For 2026, Regions Financial continues to anticipate net interest income growth of 2.5% to 4%, its earnings presentation showed.Shares of Fifth Third were down 2.4% intraday Friday, while Regions Financial fell 0.5%.Price: $57.53, Change: $-1.85, Percent Change: -3.11%
Financial stocks were leaning lower pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.5% higher.Truist Financial (TFC) stock was down 0.3% even after the company reported higher Q2 earnings and revenue.Travelers (TRV) shares were up more than 1% after the company posted higher Q2 core income and revenue.Fifth Third Bancorp (FITB) stock was down 0.8% after the company reported a decline in Q2 earnings.
The benchmark US stock measures were pointing lower before the open Friday as a sell-off in semiconductor shares continued to weigh on market sentiment.The S&P 500 declined 0.9%, the Dow Jones Industrial Average was off 0.7% and the Nasdaq fell 1.8% in premarket activity. The indexes finished the previous trading session in the red.Shares of tech bellwether and chipmaking giant Nvidia (NVDA) decreased 2.5% pre-bell, while Micron Technology (MU) edged down 0.4% following a 5.7% drop at the close of Thursday. Advanced Micro Devices (AMD) fell 2.7%, while Intel (INTC) moved down 3.3%. SanDisk (SNDK) fell 1.3% before the bell after closing the previous session down 12.6%. Taiwan Semiconductor (TSM) slipped 3.3%.Streaming giant Netflix (NFLX) tanked 9.5% as it reported second-quarter revenue below Wall Street's estimates. Intuitive Surgical (ISRG) slumped 12% as growth of the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.SpaceX (SPCX) declined 2.7% after Chief Executive Elon Musk said in a social media post that a planned Starship test flight was aborted after some engines failed to start.The US Central Command said Thursday its forces completed the latest major wave of strikes against Iran. Tehran reportedly said Friday it expanded its attacks in the Middle East by targeting US military forces in Syria and Bahrain.West Texas Intermediate crude oil rose 2.2% to $80.68 a barrel before the opening bell, while Brent gained 1.9% to $85.84.Treasury yields were trending downwards in premarket action, with the two-year rate retreating 3.4 basis points to 4.12% and the 10-year rate falling 4.4 basis points to 4.53%.Friday's economic calendar has the housing starts and permits data for June at 8:30 am ET, along with the import and export prices report for the same month. The industrial production report for June is out at 9:15 am, followed by the preliminary University of Michigan's consumer sentiment report for July at 10 am.The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.US retail sales edged higher in June despite lower gasoline prices that drove a sharp decline in gas station receipts, official data showed Thursday.Travelers (TRV), Truist Financial (TFC), Fifth Third Bancorp (FITB), Regions Financial (RF) and Autoliv (ALV) are scheduled to release their latest financial results before the bell.Gold ticked up 0.2% to $4,001 per troy ounce, while bitcoin declined 1.8% to $63,024.
Wall Street banks and smaller competitors remain attractive investment opportunities as financial institutions are set to report earnings this week, according to analysts at BofA Securities and KBW."Our conversations indicate a long bias toward bank stocks that have emerged as an island of stability in a financials sector where stocks have been rocked by fears due to (artificial intelligence) disruption risks, and the adoption of digital assets," Ebrahim Poonawala, head of North American banks research at BofA, said in a note to clients.Long-only investors and portfolio managers are looking for proof that earnings momentum will continue into 2027, he said. That would make the group a "reliable play" as investors move away from chip stocks, Poonawala said.Bank stocks so far this year have performed better than the broader market. The KBW Nasdaq Bank Index is up about 14% so far this year, compared with a 10% gain in the S&P 500 Index."While this has pushed relative multiples higher, relative valuations remain well-below long-term averages," KBW banking analyst Christopher McGratty said in a July 8 note to clients.Banking giants JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) are expected to release quarterly results before markets open in the US on Tuesday. Morgan Stanley (MS) reports Wednesday, followed by US Bancorp (USB) on Thursday.BofA's Poonawala said a key question for bank profitability is how firms are performing on net interest income -- the difference between the money a bank generates from interest-bearing assets such as loans and securities and the interest it pays out to depositors and lenders."Investors appear increasingly willing to tolerate modest margin pressure if banks can deliver improving NII," he said. "The key debate is whether management teams can offset deposit competition with asset repricing, loan growth, fee growth and operating leverage."Poonawala's favorite names in the banking sector are Citi, Morgan Stanley, State Street (STT), PNC Financial Services (PNC), Huntington Bancshares (HBAN) and US Bancorp. He categorized M&T Bank (MTB), Regions Financial (RF) and Fifth Third Bancorp (FITB) as "crowded relative shorts," according to the note.Investors are looking for JPMorgan, the largest US bank by assets, to guide on net interest income and trends in capital markets, he said.If JPMorgan raises its NII guidance excluding markets and says there's no incremental increase in its expense outlook, it "could trigger sustained stock outperformance," Poonawala said.KBW said it is sticking with its view that so-called universal banks -- Wells Fargo, Citi, Morgan Stanley, Bank of America, JPMorgan and Goldman Sachs -- will continue to benefit from "multi-year structural tailwinds for capital markets and capital return."Stocks that KBW recommends investors hold overweight positions in include Morgan Stanley, PNC, Popular (BPOP), Flagstar Bank (FLG) and Hancock Whitney (HWC).KBW no longer expects the Federal Reserve to cut interest rates this year and believes the year will end with a Fed funds rate of 3.75%. The yield on the 10-year Treasury bond is expected to be 4.4% through the end of 2027, up from a previous estimate of 4.2%, KBW said. Gross-domestic product growth should come in at 2.1% this year and 2% next year, with unemployment between 4.3% and 4.5%, KBW predicted."A higher-for-longer interest rate outlook is firmly entrenched in market expectations," McGratty said in his research note.Another buoyant factor for banks was IPO volumes and mergers and acquisitions, he said."Investment banking results for (the second quarter) are expected to be strong with pockets of M&A advisory fees expected to aid top-line results, though equity underwriting is expected to be the story of (the quarter), with the bulge brackets set to benefit the most following elevated issuance from mega-deals pricing during the quarter," McGratty said.Deals in the quarter included SpaceX's (SPCX) record IPO in June.Matthew Leising
Fifth Third Bancorp (FITB) has an average rating of overweight and mean price target of $61.05, according to analysts polled by FactSet.Price: $56.91, Change: $-0.16, Percent Change: -0.28%
Fifth Third Bancorp Keeps Quarterly Dividend at $0.40 per Share, Payable July 15 to Holders of Record June 30
Fifth Third Bancorp (FITB) has an average rating of overweight and mean price target of $57.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $50.72, Change: $+0.93, Percent Change: +1.87%
Peter L Sefzik, Executive Vice President, on April 28, 2026, sold 20,000 shares in Fifth Third Bancorp (FITB) for $1,009,189. Following the Form 4 filing with the SEC, Sefzik has control over a total of 189,382 common shares of the company, with 189,382 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/35527/000003552726000174/xslF345X05/wk-form4_1777492921.xml
Fifth Third Bancorp (FITB) is well positioned for "stable and profitable" growth under Chief Executive Tim Spence, with strong capital discipline and successful execution of its Comerica acquisition supporting long-term shareholder value, RBC Capital Markets said in a report emailed Monday.The deal closed without any "tangible book value dilution," the firm said, adding that the tangible book value per share grew 1.2% sequentially and 15% year-over-year to $22.88. The merger instantly vaulted Fifth Third past $300 billion in total assets, according to the note.While reported earnings per share of $0.15 were impacted by one-time merger-related charges, adjusted earnings of $0.83 per share reflected the "underlying earnings power" of the combined franchise, according to the report.Integration of the markets is reportedly tracking ahead of schedule, with a full "system conversion" slated for Labor Day weekend, the firm noted. The bank's management expects to realize $360 million in "net cost savings" in 2026, the report said, adding that the bank is seeing particularly strong momentum in Texas, where customer response rates have tripled those of legacy markets.RBC maintained an outperform rating on Fifth Third Bancorp with a price target of $57.Price: $50.90, Change: $+0.56, Percent Change: +1.11%
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index popped 3.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.Bitcoin (BTC-USD) rose 2.8% to $77,288, and the yield for 10-year US Treasuries dropped 6.3 basis points to 4.246%.In sector news, JPMorgan Chase (JPM) and Barclays (BCS) are among the Wall Street banks that recently started trading credit default swaps against flagship private credit funds run by Blackstone (BX), Apollo Global Management (APO) and Ares Management (ARES), the Financial Times reported.In corporate news, Ally Financial (ALLY) shares jumped past 8%. The company reported Q1 adjusted earnings of $1.11 per diluted share, up from $0.58 a year earlier, and above the FactSet consensus estimate of $0.93.Fifth Third Bancorp (FITB) shares rose 1.7% after it reported a surprise Q1 profit on Friday.Truist Financial (TFC) reported Q1 earnings of $1.09 per diluted share, up from $0.87 a year earlier. Analysts polled by FactSet expected $1. Truist shares gained 2.4%.Deutsche Bank (DB) has notified Germany's central bank, Bundesbank, that it may have violated sanctions that limit deposits of Russian individuals to less than 100,000 euros ($118,000), multiple media outlets reported Friday. Deutsche shares were up 2.7%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After reviewing Q1 earnings, we reduce our 12-month target price by $1 to $56, 11.2x our 2027 EPS estimate, a wider risk premium than FITB's five-year forward P/E average of 10.3x given healthy fee income expectations and an improving regulatory environment. We lower our 2026 EPS estimate by $0.07 to $4.09 but increase 2027's by $0.10 to $5.02. This was a transformative quarter for FITB, which completed its largest acquisition in history, vaulting from the 19th to the 13th largest U.S. bank by assets. While we continue to believe the acquisition will create headwinds to organic growth, it delivered immediate benefits: credit quality improved markedly, and net interest margin expanded to 3.30%, the highest level since 2022. The trade-off came in capital, with the CET1 ratio declining 80 bps Q/Q to 10.0%, among the lowest in the peer group. However, given the likely relief from newly-proposed Basel III capital rules, we view this more modest capital position as acceptable.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index gaining 1.9% and the State Street Financial Select Sector SPDR ETF (XLF) climbing 1.8%.The Philadelphia Housing Index jumped 5.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.Bitcoin (BTC-USD) popped 3.7% to $77,919, and the yield for 10-year US Treasuries dropped 7.7 basis points to 4.23%.In sector news, JPMorgan Chase (JPM) and Barclays (BCS) are among the Wall Street banks that recently started trading credit default swaps against flagship private credit funds run by Blackstone (BX), Apollo Global Management (APO) and Ares Management (ARES), the Financial Times reported.In corporate news, Fifth Third Bancorp (FITB) shares gained 2.2% after it reported a surprise Q1 profit on Friday.Truist Financial (TFC) reported Q1 earnings of $1.09 per diluted share, up from $0.87 a year earlier. Analysts polled by FactSet expected $1. Truist shares rose 3%.Deutsche Bank (DB) has notified Germany's central bank, Bundesbank, that it may have violated sanctions that limit deposits of Russian individuals to less than 100,000 euros ($118,000), multiple media outlets reported Friday. Deutsche shares were up 3.3%.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index gaining 1.9% and the State Street Financial Select Sector SPDR ETF (XLF) climbing 1.8%.The Philadelphia Housing Index jumped 5.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.Bitcoin (BTC-USD) popped 3.7% to $77,919, and the yield for 10-year US Treasuries dropped 7.7 basis points to 4.23%.In corporate news, Fifth Third Bancorp (FITB) shares gained 3.1% after it reported a surprise Q1 profit on Friday.
All three major US stock indexes were up sharply in late-morning trading Friday, as Iran Foreign Minister Seyed Abbas Araghchi said on X that the Strait of Hormuz is completely open to commercial ships for the remaining period of the ceasefire between the US and Iran.In company news, Netflix (NFLX) reported Q1 earnings late Thursday of $1.23 per diluted share, up from $0.66 a year earlier and above the FactSet consensus analyst estimate of $0.76. First-quarter revenue was $12.25 billion, up from $10.54 billion a year ago and above the FactSet consensus of $12.18 billion. For Q2, the company said it expects EPS of $0.78 on revenue of $12.57 billion. Analysts polled by FactSet expect $0.84 and $12.64 billion, respectively. The company also said Chairman and Co-founder Reed Hastings said he will not stand for re-election to the board when his term expires in June. Netflix shares were down 9.4% around midday.Intel's (INTC) stock was up in morning trading Friday, touching $6.97 earlier, its highest level since August 2000. Intel shares were up 2.6%.Alcoa (AA) reported Q1 adjusted earnings late Thursday of $1.40 per share, down from $2.15 a year earlier and below the FactSet consensus of $1.53. First-quarter revenue was $3.19 billion, down from $3.37 billion a year ago and below the FactSet consensus of $3.28 billion. Alcoa shares were down 7.5%.Autoliv (ALV) reported Q1 adjusted earnings Friday of $2.05 per diluted share, down from $2.15 a year earlier but above the FactSet consensus of $1.83. First-quarter revenue was $2.75 billion, up from $2.58 billion a year ago and above the FactSet consensus of $2.62 billion. For full-year 2026, the company said it expects adjusted operating margin of about 10.5% to 11% and operating cash flow of around $1.2 billion. Autoliv shares were up 9.9%.Truist Financial (TFC) reported Q1 earnings Friday of $1.09 per diluted share, up from $0.87 a year earlier and above the FactSet consensus of $1.00. First-quarter revenue was $5.15 billion, up from $4.90 billion a year ago but below the FactSet consensus of $5.16 billion. Truist shares were up 1.8%.Fifth Third Bancorp (FITB) reported Q1 earnings Friday of $0.15 per diluted share, down from $0.71 a year earlier and compared to the FactSet consensus of a loss of $0.10. First-quarter revenue was $2.83 billion, up from $2.14 billion a year ago but below the FactSet consensus of $2.85 billion. For full-year 2026, Fifth Third said it expects net interest income of $8.7 billion to $8.8 billion and noninterest income of $4.0 billion to $4.2 billion. For Q2, the company said it expects net interest income of $2.20 billion to $2.25 billion and noninterest income of $1.00 billion to $1.06 billion. Fifth Third shares were up 1.8%.Price: $97.13, Change: $-10.66, Percent Change: -9.89%
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