General Electric (GE) announced that earnings in the fourth quarter increased to $4.01 billion, or 38 cents per share, from $3.73 billion, or 35 cents per share, in the same period last year. Revenue increased by 3.6 percent to $39.33 billion from $37.97 billion in the same period last year, while analysts had expected revenue of $38.76 billion.
Shares are higher in early trading.
Fifth Third Bancorp (FITB) announced that it earned 43 cents per share, or $390 million, after preferred dividends were paid. This represents an increased of 28 percent from the $305 million, or 33 cents per share, the company earned in the same period last year. Analysts had expected earnings to be 41 cents per share. Revenue was $1.8 billion, a 21 percent increase from the year ago period, and beat estimates of $1.65 billion.
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