Fifth Third Bancorp (NASDAQ:FITB) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.
On December 10, Piper Sandler lifted its price target on Fifth Third Bancorp (NASDAQ:FITB) to $50 from $48 and reiterated an Overweight rating on the shares after the bank filed the presentation it plans to share at an upcoming industry conference. For Q4, management nudged fee guidance slightly lower but improved its expense outlook. The bank didn’t spell out the reasoning, though Piper Sandler suspects a few capital markets deals may have shifted into early Q1.
On December 9, Fifth Third Bancorp (NASDAQ:FITB) announced a new partnership naming Brex as the provider of its commercial cards and expense management tools for its business clients. The offering will run on Brex’s embedded payments platform, which allows banks to issue corporate cards and automate expense reporting with the help of AI. The move highlights how some banks are opting to team up with fintech players rather than build their own technology from scratch as client expectations rise.
Fifth Third Bancorp (NASDAQ:FITB) is also in the middle of acquiring Comerica, a transaction that would make it the ninth-largest bank in the country, with roughly $288 billion in assets.
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