Fifth Third Bancorp Profit Climbs In Q2

(RTTNews) - Fifth Third Bancorp (FITB) announced earnings for its second quarter that advanced from the same period last year.

The company's earnings came in at $674 million, or $0.95 per share. This compares with $163 million, or $0.23 per share, in last year's second quarter.

Analysts had expected the company to earn $0.8 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.8% to $1.21 billion from $1.20 billion last year.

Fifth Third Bancorp earnings at a glance:

-Earnings (Q2): $674 Mln. vs. $163 Mln. last year. -EPS (Q2): $0.95 vs. $0.23 last year. -Analysts Estimate: $0.8 -Revenue (Q2): $1.21 Bln vs. $1.20 Bln last year.