Fifth Third Bancorp

FITB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$42.00	Hgmp	Qwbftwqpf

Fifth Third Earnings: Solid Net Interest Margin, but Loan Demand Softens

Rajiv Bhatia

Jul 19, 2024

Fifth Third Bancorp reported decent second-quarter results. Net interest income held up as growth in net interest margin was able to offset modest balance sheet shrinkage. Overall, there was little in the earnings release that would alter our long-term view of the firm. We will maintain our no-moat rating and $37 fair value estimate.

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