Analyst hikes Fifth Third rating
Fifth Third Bancorp???s capital levels, improving credit quality and earnings power have caused an analyst to raise his rating on Fifth Third???s stock.
Scott Siefers, an analyst at New York-based Sandler O???Neill, lifted his rating from ???hold??? to ???buy.???
The stock has fallen 15 percent so far this year. But Siefers wrote in a report that investors are focusing on concerns such as possible regulatory action rather than on positive factors.
Fifth Third (Nasdaq: FITB) is Cincinnati's largest bank, with...
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