2.38B 0.8%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 2.38B 0.8%
Gross Profit 1.06B 10.2%
Cost of Revenue 1.32B 8.2%
Operating expense 266M 3.6%
Net Income 601M 15.6%
EBITDA 810M 57.3%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 213B 0.6%
Total Liabilities 194B 0.7%
Total Equity 19.2B 1.1%
Shares Outstanding 681M 0.4%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 679M 75.9%
Cash from investing 1.28B 659%
Cash from financing -1.92B 281.3%

EPS

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Financial Highlights for Fifth Third Bancorp in Q2 '24

Fifth Third Bancorp reported a revenue of 2.38B, which is a -0.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.

Gross Profit stood at 1.06B, marking a 10.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 1.32B, a -8.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 266M, showing a -3.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 601M, showing a 15.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 810M, showing a -57.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

Fifth Third Bancorp faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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