Fifth Third Bancorp Q2 2024 GAAP EPS $0.81 Misses $0.84 Estimate, Sales $2.093B Miss $2.113B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fifth Third Bancorp (NASDAQ: FITB) reported Q2 2024 earnings of $0.81 per share, missing the analyst estimate of $0.84. Sales were $2.093 billion, also below the $2.113 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
July 19, 2024 | 10:34 am
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Fifth Third Bancorp reported Q2 2024 earnings of $0.81 per share, missing the analyst estimate of $0.84. Sales were $2.093 billion, also below the $2.113 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
The earnings and sales miss, along with the year-over-year decline, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100