Fifth Third(US:FITB) Yahoo Finance·2026-01-02 23:28Core Insights - Fifth Third Bancorp (NASDAQ:FITB) is recognized as one of the 12 Best Income Stocks to Buy Now [1] - Keefe Bruyette raised its price target for Fifth Third Bancorp from $50 to $53 while maintaining a Market Perform rating after recent management meetings [2] - The bank announced a strategic acquisition of Mechanics Bank's Delegated Underwriting and Servicing (DUS) business line, which includes a $1.8 billion unpaid principal balance servicing portfolio [3] Group 1: Company Developments - The acquisition of the DUS business line aims to enhance Fifth Third's position in multifamily housing finance across the US, allowing the bank to better serve multifamily developers and investors [3] - The DUS program is integral to Fannie Mae's multifamily lending platform, providing Fifth Third with direct access to Fannie Mae products and a proven servicing framework [3] - This strategic move is expected to deepen the bank's focus on financing solutions that support housing affordability [3] Group 2: Market Position - Fifth Third Bancorp is a significant US bank holding company offering a wide range of financial services to consumers, businesses, and institutional clients [4]