** Fifth Third Bancorp shares up ~1% to $44.77 ** FITB reports rise in its Q4 profit, driven by higher wealth and asset management fees
** Net income available to common shareholders rose to $582 mln, or 85 cents per share, in the three months ended Dec. 31. It had reported $492 mln, or 72 cents per share, a year earlier
** FITB's capital markets fees jumped 16% from the year earlier to $123 mln, while its wealth and asset management revenue rose 11% to $163 mln
** Fifth Third's net interest income — the difference between what banks pay customers on deposits and earn as interest on loans — rose 1.5% to $1.44 bln
** 13 of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $51 - LSEG data
** FITB shares up 22.6% in 2024
(Reporting by Prakhar Srivastava in Bengaluru) ((mailto:Prakhar.srivastava2@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.