Fifth Third Bancorp (NASDAQ:FITB) Still Awaits Stress Test Results

Fifth Third Bancorp's (NASDAQ:FITB) EPS estimate for the fourth quarter is higher from Barclays, coming in at $0.29. in comparison of the consensus of $0.24, as the bank waits for the results of their stress test.

Barclays said, "We expect FITB to report 4Q10 EPS of $0.29
versus the $0.24 consensus. We believe its guidance of over a 1.00% ROA implies EPS of more than $0.27...We expect FITB to continue with its recent practice of offering fairly detailed guidance for the upcoming quarter, while providing only more general color on asset quality, net interest margin, and loan growth trends across the balance of the year...While we expect FITB to be among the next grouping of SCAP banks to redeem TARP ($3.4B), it's unclear to us if it will/can do so prior to receiving the results of the 1Q stress test."

Barclays maintains an "Equalweight" on Fifth Third Bancorp, which closed Tuesday at $14.55, up $0.12, or 0.81 percent. Barclays has a price target of $16 on the company.