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Fifth Third Bancorp Q2 Earnings Beat Estimates

Fifth Third Bancorp (NASDAQ: FITB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this company would post earnings of $0.71 per share when it actually produced earnings of $0.76, delivering a surprise of 7.04%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fifth Third Bancorp, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $2.08 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.37%. This compares to year-ago revenues of $2.18 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fifth Third Bancorp shares ...