Fifth Third Bancorp reports results for the quarter ended December 31 - Earnings Summary

• Fifth Third Bancorp FITB.OQ reported quarterly adjusted earnings of 85 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 83 cents to 91 cents per share.

• Revenue rose 0.7% to $2.18 billion from a year ago; analysts expected $2.21 billion.

• Fifth Third Bancorp's reported EPS for the quarter was 85 cents​.

• The company reported quarterly net income of $582 million.

• Fifth Third Bancorp shares had risen by 4.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Fifth Third Bancorp is $51.00

This summary was machine generated from LSEG data January 21 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)