Evercore ISI Raises Fifth Third Bancorp (FITB) Price Target After Q4 Earnings Review

Group 1 - Fifth Third Bancorp (NASDAQ:FITB) is recognized as one of the 13 Best Long Term Low Risk Stocks to Buy Now [1] - Evercore ISI raised its price target for Fifth Third Bancorp to $57 from $52 while maintaining an In Line rating following the bank's Q4 earnings release [2] - The bank reported higher fourth-quarter profits, driven by stronger interest income and increased loan demand, supported by a more stable economic environment and recent Federal Reserve rate cuts [3] Group 2 - Net interest income increased by 6% to $1.53 billion, with total loans rising by 5%, while fee-based businesses also performed well [4] - Wealth and asset management revenue reached a quarterly record of $185 million, up 13%, and assets under management grew approximately 16% to $80 billion [4] - Capital markets fees decreased by 2% to $121 million, primarily due to reduced loan syndication activity [5]