Fifth Third Bancorp to Release Quarterly Earnings on July 17

Fifth Third Bancorp is scheduled to release its quarterly earnings on July 17. Analysts expect the company to report a profit of approximately 0.87 USD per share, representing a slight increase from the previous year’s 0.81 USD.

Revenue Projections

The company’s revenue is anticipated to have decreased by approximately 34% compared to the same period last year. Estimated revenue ranges from 2.22 billion USD to 2.3 billion USD.

Long-term Projections

Looking ahead, analysts forecast a higher profit of around 3.52 USD per share for the current fiscal year. Revenue is expected to be around 8.9 billion USD, a decrease from the previous year’s 13.3 billion USD.

Market Interest

Options traders are showing interest in the stock, potentially anticipating a significant price movement.