Fifth Third Stock Falls Despite Strong Earnings — Analysts See Comerica Merger Upside Ahead
Shares of FITB traded under pressure despite upbeat Q2 earnings. DA Davidson, RBC Capital analysts raised price target.
Fifth Third had great earnings, but its stock price went down anyway—this sometimes happens when people worry about big changes ahead. Analysts (expert watchers) think a merger with Comerica could be good, so watch how people feel about combining these two companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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