Fifth Third Bancorp stock price target raised to $58 by TD Cowen

Investing.com - TD Cowen raised its price target on Fifth Third Bancorp (NASDAQ:FITB) to $58.00 from $57.00 on Monday, while maintaining a Buy rating on the regional bank’s stock. According to InvestingPro data, the stock currently trades at a P/E ratio of 12.2, with analysts setting price targets between $43 and $60.

The firm cited Fifth Third’s "solid quarter" characterized by broad-based fee momentum, continued net interest income growth, and positive operating leverage as key factors behind the decision. The bank maintains a "FAIR" Financial Health score and has demonstrated its financial strength through 51 consecutive years of dividend payments, with an 8.1% dividend growth in the last twelve months.

TD Cowen noted that Fifth Third has largely absorbed the anticipated losses from Tricolor, shifting focus to its pending Comerica acquisition.

The research firm described the upcoming Comerica deal as a potential "Jamie Dimon-Bank One moment" for CEO Tim Spence, referencing the transformational acquisition that helped define Jamie Dimon’s leadership at JPMorgan Chase.

Fifth Third Bancorp is entering "its next chapter of growth" according to TD Cowen, which continues to recommend buying the stock as the bank positions itself for what the firm views as a "transformational 2026."

In other recent news, Fifth Third Bancorp reported a strong performance for the third quarter of 2025, surpassing both earnings and revenue forecasts. The bank posted an earnings per share (EPS) of $0.91, exceeding the expected $0.86. Additionally, Fifth Third Bancorp achieved a revenue of 2.31 billion dollars, outperforming the forecasted 2.29 billion dollars. These results highlight the bank’s robust financial health and strategic initiatives. Analysts from various firms have noted the positive earnings surprise, and some have adjusted their outlooks accordingly. The bank’s ability to exceed expectations has drawn attention from investors and analysts alike. These developments are part of a series of recent updates from Fifth Third Bancorp.

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