WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) announced a profit for its second quarter that Increases, from the same period last year and beat the Street estimates.
The company's earnings totaled $591 million, or $0.88 per share. This compares with $561 million, or $0.81 per share, last year.
Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.8% to $2.250 billion from $2.088 billion last year.
Fifth Third Bancorp earnings at a glance (GAAP) :
-Earnings: $591 Mln. vs. $561 Mln. last year. -EPS: $0.88 vs. $0.81 last year. -Revenue: $2.250 Bln vs. $2.088 Bln last year.
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