Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fifth Third Bancorp shares have added about 16.6% since the beginning of the year versus the S&P 500's gain of 16.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be ...

Fifth Third Bancorp Reports Second Quarter 2024 Diluted Earnings Per Share of $0.81 Resilient balance sheet and disciplined expense management leads to strong and stable returns Reported results included a negative $0.05 impact from certain items on page 2 | Key Financial Data | | | Key Highlights | | | --- | --- | --- | --- | --- | | $ in millions for all balance sheet and income statement items | | | | | | | 2Q24 | 1Q24 | 2Q23 | Stability: | | Income Statement Data | | | | | | Net income available to comm ...

This Cincinnati, OH-based lender has an impressive earnings surprise history. Its earnings beat estimates in all of the trailing four quarters, the surprise being 8.52%, on average. Here are some factors that are expected to have impacted FITB's quarterly performance. In the last reported quarter, the bank's earnings surpassed the Zacks Consensus Estimate. Results were aided by a rise in non-interest income and deposit balance. However, a fall in net interest income (NII) limited its revenue growth. Higher ...

For Fifth Third Bancorp, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus est ...

The market expects Fifth Third Bancorp (FITB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the imme ...

In a statement provided to PYMNTS, Cincinnati-based Fifth Third said it agreed to pay a $15 million fine for sales practices and a $5 million fine for auto finance servicing activities. The bank will also work with the CFPB on remediation plans for customers not already remediated for these issues. A CFPB investigation found that Fifth Third engaged in illegal repossessions and charged illegal fees via its insurance coverage. Between mid-2011 and the end of 2020, more than half of these policies were charge ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Fifth Third Bancorp in Focus Looking at dividend growth, the company's current annualized dividend of $1.40 is up 2.9% from last year. Fifth Third Bancorp has increased its dividend 4 times on a year-over-year basis over the last 5 years for an ...

Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding onethird of total returns in many cases. Based in Cincinnati, Fifth Third ...

Shares of Fifth Third Bancorp (FITB) gained 3% in the after-market trading as it announced a new share repurchase agreement with Morgan Stanley & Co. LLC (MS) . Under this, the company will buy back nearly $125 million of its outstanding common stock. The buyback is part of a 100 million share repurchase program that was announced in June 2019. Second-Quarter Revenue Guidance Trimmed The company reiterated average loans & leases to be stable for the second quarter of 2024. The net charge-off ratio is projec ...

Fifth Third has been focused on treasury management and wealth and asset management business in the past few quarters to bolster its non-interest income, which is less volatile compared with spread income. Although the metric declined 0.6% in 2022, it grew in 2021, 2023 and the first quarter of 2024. This was primarily driven by strategic investments. FITB is also undertaking efforts to increase non-interest income through new collaboration. In May 2024, in collaboration with Bottomline, the company launche ...