Financial services company Fifth Third Bancorp (NASDAQ: FITB) on Friday reported results for the second quarter of 2024. There is a decline in net interest income.
- The company reported net income of $601 million for the second quarter, which is unchanged from the year-ago quarter
- Net income available to common shareholders was $561 million or $0.81 per share in Q2, vs. $562 million or $0.82 per share a year earlier
- Q2 net interest income decreased to $1.39 billion from $1.46 billion in the comparable quarter of 2023
- Non-interest income was $695 million in the June quarter, compared to $726 million in the prior year quarter
- Second-quarter book value per share increased to $25.13 from $23.05 in the same period last year
- The company generated consumer household growth of 3% in Q2 compared to 2Q23, including 6% in the Southeast
Most Popular
Earnings Preview: Deere & Company expected to end FY24 on a mixed note
For Deere & Company (NYSE: DE), 2024 has been a challenging year marked by weak demand amid declining farm income and high interest rates. As the company prepares to report
Here’s how streaming is set to become a key part of Disney’s (DIS) growth strategy
Shares of The Walt Disney Company (NYSE: DIS) rose over 4% on Friday. The stock has gained 27% over the past three months. The company ended fiscal year 2024 on
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
