Evercore ISI Raises Fifth Third Bancorp Price Target to $57 After Q4
Evercore ISI lifted its price target to $57 from $52 following Fifth Third Bancorp’s Q4 results, maintaining an In Line rating. The bank reported 6% net interest income growth to $1.53B, 5% loan growth, 13% wealth management revenue increase to $185M and 16% AUM expansion to $80B.
1. Evercore ISI Lifts Price Target
Evercore ISI increased its price target on Fifth Third Bancorp to $57 from $52 after reviewing the bank’s fourth-quarter performance, while retaining an In Line rating on the stock.
2. Q4 Results Show Strength in Key Segments
In Q4, Fifth Third recorded a 6% rise in net interest income to $1.53B, grew total loans by 5%, saw wealth management revenue climb 13% to $185M, commercial payments up 8%, and assets under management surge 16% to $80B, while capital markets fees dipped 2% to $121M.
Related News
DE
Menon Bearings Posts 23% Revenue Gain, 51 New Parts for Deere Supply
DE•
VBCI
Vanguard’s BondBuilder ETFs Gain $242M, Fuel $70B Target-Maturity Segment
VBCI•
NVDA
Nvidia posts $81.6bn Q1 revenue, raises dividend 25-fold and authorizes $80bn buyback
NVDA•
UPS
UPS MD-11 Crash After Engine Mount Inspections Extended to 29,260 Cycles
UPS•
EXOD
Exodus Movement April XO Swap Volume Up 44% to $98M, Global Pay Launch
EXOD•
Sources
F