WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) released a profit for fourth quarter that dropped compared to the same period last year.
The company said its bottom line dropped to $372 million, or $0.49 per share. This was lower than $634 million, or $0.79 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Fifth Third Bancorp earnings at a glance:
-Earnings (Q4): $372 Mln. vs. $634 Mln. last year. -Earnings Decline (Y-o-Y): -41.3% -EPS (Q4): $0.49 vs. $0.79 last year. -EPS Decline (Y-o-Y): -38.0% -Analysts Estimate: $0.43
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