Investing.com - Fifth Third reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fifth Third announced earnings per share of $0.85 on revenue of $1.90B. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $1.86B.
Fifth Third shares are down 23% from the beginning of the year and are trading at $23.50 , down-from-52-week-high.They are under-performing the Nasdaq which is up 28% 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 UnitedHealth on Wednesday, October 14, 2020, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on Tuesday, October 13, 2020 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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