Fifth Third Bancorp (NASDAQ:FITB) Given New $60.00 Price Target at JPMorgan Chase & Co.

Posted by Stanley Muller on Oct 30th, 2026

Fifth Third Bancorp logo Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $58.00 to $60.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.37% from the stock’s previous close.

A number of other brokerages have also commented on FITB. TD Cowen started coverage on Fifth Third Bancorp in a research note on Thursday, October 8th. They issued a “buy” rating and a $60.00 price target for the company. Evercore upgraded Fifth Third Bancorp from an “in-line” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Wednesday, October 21st. Bank of America upped their price target on Fifth Third Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Monday, July 20th. Citigroup upped their price target on Fifth Third Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, UBS Group cut their target price on Fifth Third Bancorp from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.87.

Check Out Our Latest Analysis on FITB

Fifth Third Bancorp Stock Performance

Shares of FITB traded down $0.56 during trading hours on Friday, reaching $53.88. 6,625,257 shares of the company’s stock traded hands, compared to its average volume of 8,288,444. The firm has a market capitalization of $48.86 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.09 and a beta of 0.97. The business’s fifty day simple moving average is $52.76 and its two-hundred day simple moving average is $52.00. Fifth Third Bancorp has a twelve month low of $40.68 and a twelve month high of $59.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.83 and a quick ratio of 0.83.

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last announced its quarterly earnings data on Monday, October 19th. The financial services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.34 billion. Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. Fifth Third Bancorp’s revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. Analysts predict that Fifth Third Bancorp will post 4.10 earnings per share for the current year.

Insider Transactions at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Jude Schramm sold 20,000 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $53.14, for a total value of $1,062,800.00. Following the transaction, the executive vice president owned 121,460 shares of the company’s stock, valued at approximately $6,454,384.40. The trade was a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.51% of the company’s stock.

Institutional Trading of Fifth Third Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in Fifth Third Bancorp by 20.2% during the second quarter. Wellington Management Group LLP now owns 23,653,758 shares of the financial services provider’s stock worth $1,333,362,000 after buying an additional 3,972,795 shares during the period. Bank of New York Mellon Corp purchased a new stake in Fifth Third Bancorp in the 2nd quarter valued at approximately $1,324,903,000. Bank of America Corp DE purchased a new stake in Fifth Third Bancorp during the second quarter valued at about $995,717,000. Dimensional Fund Advisors LP increased its position in shares of Fifth Third Bancorp by 30.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,918,284 shares of the financial services provider’s stock worth $507,151,000 after purchasing an additional 2,569,479 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fifth Third Bancorp by 16.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,384,087 shares of the financial services provider’s stock worth $416,241,000 after buying an additional 1,049,520 shares during the period. Institutional investors own 83.79% of the company’s stock.

About Fifth Third Bancorp

(Get Free Report)

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Its principal subsidiary, Fifth Third Bank, provides banking and financial services to individuals, businesses, government entities and institutional clients.

The company’s offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, treasury management, cash management and payment-processing services. Through its wealth and asset management businesses, Fifth Third also provides investment management, brokerage, trust, private banking and financial planning services.

Fifth Third primarily serves customers across the Midwest and Southeast, with a branch and banking-center network spanning states including Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee and West Virginia.