Fifth Third Bancorp Q2 2024 Adj EPS $0.86 Beats $0.85 Estimate
Portfolio Pulse from Benzinga Newsdesk
Fifth Third Bancorp (NASDAQ:FITB) reported Q2 2024 adjusted earnings per share (EPS) of $0.86, beating the analyst consensus estimate of $0.85 by 1.18%. However, this represents a 1.15% decrease from the same period last year.
July 19, 2024 | 10:55 am
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Fifth Third Bancorp reported Q2 2024 adjusted EPS of $0.86, beating the consensus estimate of $0.85. Despite the beat, EPS is down 1.15% year-over-year.
The slight beat on EPS estimates is a positive signal for investors, indicating better-than-expected performance. However, the year-over-year decline in EPS may temper enthusiasm. Overall, the short-term impact is likely to be positive due to the earnings beat.
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RELEVANCE 100