Evercore ISI Raises Fifth Third Bancorp Price Target to $57 on Strong Q4 Earnings

Evercore ISI has increased its price target for Fifth Third Bancorp (FITB) to $57 from $52, following the bank's robust fourth-quarter earnings. The firm maintained an "In Line" rating for the stock despite the upward revision. This positive adjustment reflects the bank's strong financial performance, which included a 6% rise in net interest income. Additionally, Fifth Third Bancorp reported a 5% increase in total loans during the quarter. The improved outlook is further supported by solid performance in fee-based businesses and a steadier economic environment, bolstering confidence in the bank's future growth trajectory.