Investing.com - Fifth Third reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fifth Third announced earnings per share of $0.68 on revenue of $1.88B. Analysts polled by Investing.com anticipated EPS of $0.7001 on revenue of $1.94B.
Fifth Third shares are down 10% from the beginning of the year and are trading at $39.07 , down-from-52-week-high.They are under-performing the S&P 500 which is down 7.86% 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 Wednesday, April 13, 2022, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Bank of America had beat expectations on Monday with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7492 on revenue of $23.18B.
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