Diversified financial services company Fifth Third Bancorp (FITB) has reported better-than-expected results for the third quarter of 2021 on the back of robust revenue growth and lower credit losses. The company’s third-quarter earnings surged 24% year-over-year to $0.97 per share, topping the Street estimates of $0.91 per share. Total revenue rose 7% to $2.03 billion and outpaced the consensus estimate of $1.98 billion. (See Fifth Third stock charts on TipRanks) Net interest income increased 2% to $1.19 billion on lower deposit costs and a reduction in long-term debt. Net interest margin expanded 1 basis point to 2.59%. Also, fee income climbed 16% to $836 million, triggered by growth in all components.
https://www.tipranks.com/news/fifth-third-posts-strong-q3-results?utm_source=advfn.com&utm_medium=referral
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Da Nov 2020 a Nov 2021 Clicca qui per i Grafici di Fifth Third Bancorp