These Analysts Boost Their Forecasts On Fifth Third Bancorp Following Upbeat Q2 Results - Fifth Third Ban

Fifth Third Bancorp (NASDAQ:FITB) on Friday posted second-quarter earnings beat.The bank reported adjusted earnings of $1.02 per diluted share for the second quarter, topping the analyst consensus of 95 cents by 7.4% and marking a 13% improvement from the 90 cents delivered in the same period a year ago.Revenue of $3.28 billion beat the $3.25 billion consensus by 0.89% and came in 45.7% above the year-ago figure, with much of that increase attributable to the addition of Comerica for a full quarter.Fifth Third Bancorp shares fell 1% to $57.44 on Monday.These analysts made changes to their price targets on Fifth Third Bancorp following earnings announcement.

Keefe, Bruyette & Woods analyst Christopher McGratty maintained the stock with a Market Perform and raised the price target from $58 to $60.

RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and raised the price target from $57 to $62.

DA Davidson analyst Peter Winter maintained the stock with a Buy and raised the price target from $63 to $65.