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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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Fifth Third Bancorp (FITB) to Release Earnings on Thursday

Thursday, January 14, 2021 | MarketBeat

Fifth Third Bancorp (NASDAQ:FITB) is scheduled to be announcing its earnings results before the market opens on Thursday, January 21st. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.19. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. Fifth Third Bancorp had a return on equity of 7.52% and a net margin of 17.50%. During the same period in the previous year, the company posted $0.75 earnings per share. On average, analysts expect Fifth Third Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of FITB stock opened at $31.70 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The stock has a market cap of $22.58 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.62. The stock has a 50 day simple moving average of $27.78 and a 200 day simple moving average of $23.04. Fifth Third Bancorp has a 1 year low of $11.10 and a 1 year high of $32.12.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, December 30th. Fifth Third Bancorp's dividend payout ratio (DPR) is currently 38.99%.

Several equities research analysts recently issued reports on FITB shares. Deutsche Bank Aktiengesellschaft boosted their price target on Fifth Third Bancorp from $24.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, January 6th. Morgan Stanley boosted their price target on Fifth Third Bancorp from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, January 7th. Barclays boosted their price target on Fifth Third Bancorp from $28.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, January 4th. ValuEngine upgraded Fifth Third Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, November 10th. Finally, Janney Montgomery Scott upgraded shares of Fifth Third Bancorp from a "neutral" rating to a "buy" rating and set a $28.75 price objective for the company in a research report on Friday, October 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of "Buy" and an average price target of $26.69.

In other news, EVP Kevin P. Lavender sold 8,500 shares of Fifth Third Bancorp stock in a transaction on Monday, November 23rd. The shares were sold at an average price of $25.81, for a total transaction of $219,385.00. Following the completion of the sale, the executive vice president now directly owns 71,677 shares of the company's stock, valued at approximately $1,849,983.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company's stock.

About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

See Also: Dead Cat Bounce

Earnings History for Fifth Third Bancorp (NASDAQ:FITB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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