Investing.com - Fifth Third reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fifth Third announced earnings per share of $0.9 on revenue of $1.98B. Analysts polled by Investing.com anticipated EPS of $0.899 on revenue of $2.02B.
Fifth Third shares are up 10% from the beginning of the year and are trading at $47.97 , down-from-52-week-high.They are outperforming the Nasdaq which is down 8.34% from the start of the year.
Fifth Third follows other major Financial sector earnings this month
Fifth Third's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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