What's Going On With the Drop in Fifth Third Stock

Fifth Third Bancorp (NASDAQ: FITB) shares are sliding on Friday despite posting second-quarter earnings beat. Here’s what you need to know.

Fifth Third Bancorp stock is under selling pressure.

Fifth Third Beats Estimates but Integration Costs Weigh on Sentiment The bank reported adjusted earnings of $1.02 per diluted share for the second quarter, topping the analyst consensus of 95 cents by 7.4% and marking a 13% improvement from the 90 cents delivered in the same period a year ago. Revenue of $3.28 billion beat the $3.25 billion consensus by 0.89% and came in 45.7% above the year-ago figure, with much of that increase attributable to the addition of Comerica for a full quarter.

Net Interest Income Surges as Margin Expands Net interest income on a fully taxable-equivalent basis reached...