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FITB

Fifth Third

$30.77

-0.38 (-1.22%)

13:25
06/14/18
06/14
13:25
06/14/18
13:25

Fifth Third call volume above normal and directionally bullish

Bullish option flow detected in Fifth Third with 2,813 calls trading, 1.7x expected, and implied vol increasing over 1 point to 24.19%. Jul-18 30 calls and Jul-18 31 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.17. Earnings are expected on July 19th.

FITB Fifth Third
$30.77

-0.38 (-1.22%)

05/22/18
MACQ
05/22/18
UPGRADE
Target $32
MACQ
Neutral
Fifth Third MB Financial upgraded to Neutral at Macquarie
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%.
05/22/18
05/22/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Positive from Neutral at Susquehanna with analyst Bill Dreher saying he believes the company's initiatives will generate "significant and unexpectedly strong" operating leverage, leading to what he expects to be a "parade" of beat and raise quarterly reports. 2. Fifth Third (FITB) upgraded to Neutral from Underperform at Baird ant to Neutral from Underperform at Macquarie. 3. AB InBev (BUD) upgraded to Sector Perform from Underperform at RBC Capital with analyst James Jones saying while margin growth may be elusive without volume growth, InBev profitability is likely to be "defendable" given the local nature of its brewing, where "economies of scale in production, marketing and distribution are most evident." 4. Comstock Resources (CRK) upgraded to Equalweight from Underweight at Capital One. 5. IHS Markit (INFO) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying the Ipreo deal will drive IHS' organic growth to 5%-7% from 4%-6% and expects buybacks to resume following deleveraging below 3x in 2H 2019, combined with the divestiture of MarkitSERV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/04/18
RHCO
06/04/18
DOWNGRADE
Target $52
RHCO
Hold
MB Financial downgraded to Hold from Buy at SunTrust
SunTrust analyst Michael Young downgraded MB Financial (MBFI) to Hold from Buy due to the pending acquisition by Fifth Third Bancorp (FITB). He raised his price target to $52 from $48 based on the announced acquisition terms.
06/14/18
ARGS
06/14/18
INITIATION
Target $36
ARGS
Buy
Fifth Third initiated with a Buy at Argus
Argus analyst Stephen Biggar initiated Fifth Third (FITB) with a Buy rating and a price target of $36, citing its strong fee-based income in asset management, sound credit quality, and above-peer efficiency ratio. The analyst further notes that while the bank's credit loan growth has been constrained, its net interest margins rose 8bps in the most recent quarter amid the rising interest rate environment, and he expects that trend to produce a high single-digit growth in net interest income this year. Biggar points to Fifth Third's recent acquisition announcement of MB Financial (MBFI) as a further catalyst, expanding its position with "significant retail and commercial assets in the Chicago" while boosting its earnings by 7% in the second year after the closing.

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EGO

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$1.13

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