Fifth Third Bancorp
FITB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >C | LOCK|@lvJ | LOCK|Wx^%rJ |
Fifth Third Earnings: Tricolor Blemishes Otherwise Healthy Quarter
Fifth-Third reported net income growth of 14% in the third quarter. Net charge-offs were 1.09% (0.52% when excluding Tricolor). Importantly, management guided to fourth-quarter net charge-offs of about 0.40%. We attribute the positive market reaction to credit looking better than expected.
