FITB Stock Recent News

Fifth Third Bancorp: Expensive For The Right Reasons

An increase in fee income and lower provisions aid Fifth Third's (FITB) Q1 earnings, while higher expenses create headwinds.

Although the revenue and EPS for Fifth Third Bancorp (FITB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.78 per share a year ago.

Fifth Third (FITB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Besides Wall Street's top -and-bottom-line estimates for Fifth Third Bancorp (FITB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Fifth Third Bancorp (FITB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fifth Third Bancorp (FITB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Tim Spence, Fifth Third Bank CEO, joins 'Closing Bell Overtime' to talk the state of regional banks one year after the collapse of SIlicon Valley Bank.

Diversified revenue sources, along with a rise in loans and deposits, are likely to support Fifth Third (FITB). However, escalating expenses and major exposure to commercial loans are headwinds.