Evercore ISI Upgrades Fifth Third Bancorp to Outperform
Evercore ISI has upgraded its rating for Fifth Third Bancorp to Outperform.
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Evercore ISI has upgraded its rating for Fifth Third Bancorp to Outperform.
Fifth Third Bancorp reported strong Q3 2026 results with an 8% sequential increase in adjusted pre-provision net revenue following the completion of its Comerica integration. The bank exceeded profitability targets ahead of schedule, achieved a 20.6% adjusted return on tangible common equity, and expanded retail deposits in Dallas and Houston by over 20% year-over-year while gaining 40+ basis points of market share.
Fifth Third Bancorp reported Q3 2026 earnings of $1.13 per share, beating consensus estimates of $1.09, but missed revenue expectations with $3.28 billion versus the estimated $3.33 billion. The stock has underperformed the S&P 500 year-to-date, gaining 7.6% versus the market's 11.9%. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. The regional banking industry remains in the bottom 33% of Zacks-ranked industries.