Shares of Fifth Third Bancorp surged Friday on news of a glowing endorsement from Wall Street.

"They are the shining example of profitability in the banking industry," said Salomon Brothers analyst Michael Plodwick, who upgraded the Cincinnati banking company's stock to "buy" from "hold."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.