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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fifth Third Bancorp | NASDAQ:FITB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 37.56 | 36.53 | 38.00 | 0 | 09:43:53 |
By Allison Prang
In the first quarter, Fifth Third Bancorp's (FITB) profit rose compared with the comparable quarter a year ago as earnings were helped by certain items.
The regional banking company reported $775 million in profit, up 11%. Fifth Third's earnings were $1.12 a share, up from 96 cents a share. Analysts polled by Refinitiv were expecting $1.05 a share.
Fifth Third had a $433 million gain on selling Worldpay shares, which helped its earnings in the quarter.
Net interest income rose 8.6% to $1.08 billion. Analysts were expecting $1.11 billion. Noninterest income at the company climbed 21% to $1.1 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
April 23, 2019 07:06 ET (11:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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