Investing.com - Fifth Third reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fifth Third announced earnings per share of $0.76 on revenue of $2.02B. Analysts polled by Investing.com anticipated EPS of $0.8741 on revenue of $2.07B.
Fifth Third shares are down 20% from the beginning of the year and are trading at $34.69 , down-from-52-week-high.They are under-performing the S&P 500 which is down 16.92% from the start of the year.
Fifth Third follows other major Financial sector earnings this month
Fifth Third's report follows an earnings missed by JPMorgan on July 14, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
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