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Fly News Breaks for May 22, 2018
MBFI, FITB
May 22, 2018 | 08:04 EDT
As previously reported, Macquarie upgraded Fifth Third (FITB) to Neutral from Underperform with a $32 price target. Analyst David Konrad said Fifth Third's acquisition of MB Financial (MBFI) provides not only scale but a valuable and respected commercial banking platform and expects the deal to add over 5% to 2020 earnings and drive 200bps of ROTCE to 17%.
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