Investing.com - Fifth Third reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fifth Third announced earnings per share of $0.97 on revenue of $2.02B. Analysts polled by Investing.com anticipated EPS of $0.9112 on revenue of $1.99B.
Fifth Third shares are up 59% from the beginning of the year and are trading at $44.05 , down-from-52-week-high.They are outperforming the Nasdaq which is up 16.55% 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 October 13, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on Thursday with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
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