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Fifth Third Bancorp Reports Stress Test Results
Fifth Third Surpasses Commitments to Communities, Environment in 2023
After the Federal Reserve's stress test, major Wall Street banks increased dividends and stock buybacks.
On Friday, the US banking industry announced an increase in dividend payouts, such as JPMorgan's plans to buy back $30 billion in stocks and Morgan Stanley receiving approval to buy back as much as $20 billion in stocks. Overnight on Friday, bank stocks rose across the board, with Citigroup rising 3.1% and Wells Fargo & Co. rising 3.43%.
RBC Capital Maintains Fifth Third Bancorp(FITB.US) With Buy Rating, Maintains Target Price $38
RBC Capital analyst Gerard Cassidy maintains $Fifth Third Bancorp(FITB.US)$ with a buy rating, and maintains the target price at $38.According to TipRanks data, the analyst has a success rate of 61.4%
Fifth Third Bancorp Intends to Recommend 2 Cent-per-Share Increase to Quarterly Dividend
Moody's said that interest rate cuts can alleviate the plight of the banking industry in the United States.
Many problems in the American banking industry depend on the direction of Federal Reserve interest rates.