Here’s Why the Street is Bullish on Fifth Third Bancorp (FITB)

​The Street is bullish on Fifth Third Bancorp (NASDAQ:FITB) since the company posted its fiscal Q1 2026 earnings on April 17. The stock currently trades at a forward price to earnings ratio of 12.02, significantly below the average ratio of the S&P 500. The company also ranks among our Best Undervalued Stocks to Buy Under $100.

​Recently, on May 7, Jason Goldberg from Barclays reiterated a Buy rating on the stock and raised the price target from $61 to $63. Earlier, on April 30, Vivek Juneja from J.P. Morgan also reiterated a Buy rating on Fifth Third Bancorp and raised the price target from $53 to $54.5.

​The positive sentiment comes despite the company missing earnings estimates during the first quarter. The company posted $2.83 billion in revenue, reflecting more than 32.68% year-over-year growth but below the consensus of $4.47 million. The GAAP EPS  of $0.15 also fell short of the consensus by $0.07.

​During the earnings transcript, management noted that the integration of the Comerica acquisition is progressing as per the schedule. The company has raised its net interest income guidance to a range of $8.7 billion to $8.8 billion for the full year, based on improved realized synergy capture, favorable deposit response, and new market expansion success.

​Analyst at J.P. Morgan noted that the firm has increased its price target in the large-cap bank space following the Q1 results.

​Fifth Third Bancorp is a diversified financial services company and serves as the indirect holding company of Fifth Third Bank, National Association.

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