Fifth Third Bancorp Reports Upbeat Earnings, Joins Metropolitan Bank Holding, Paramount Global And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | April 19, 2024 10:40am

U.S. stocks were mixed, with the Nasdaq Composite falling over 100 points on Friday.

Shares of Fifth Third Bancorp (NASDAQ:FITB) rose during Friday's session after the company reported better-than-expected quarterly financial results.

Fifth Third Bancorp posted adjusted earnings of 76 cents per share, beating market estimates of 70 cents per share. The company's sales came in at $2.100 billion versus expectations of $2.086 billion, according to data from Benzinga Pro.

Fifth Third Bancorp shares gained 4.2% to $35.67 on Friday.

Here are some other big stocks recording gains in today's session.

• Mobile-health Network Solutions (NASDAQ:MNDR) shares jumped 20.2% to $24.53.
• Metropolitan Bank Holding Corp. (NYSE:MCB) rose 19% to $39.40 after the company reported better-than-expected first-quarter financial results.
• Humacyte, Inc. (NASDAQ:HUMA) climbed 12.2% to $4.03.
• Paramount Global (NASDAQ:PARA) shares rose 9.7% to $12.03 following reports suggesting Sony is in talks with Apollo to join a bid for the company.
• Cohen & Steers, Inc. (NYSE:CNS) gained 8.1% to $71.48 after it was announced the stock will join the S&P SmallCap 600.
• Tellurian Inc. (NYSE:TELL) shares jumped 7.8% to $0.4172.
• Alvotech (NASDAQ:ALVO) gained 6.6% to $13.75. Alvotech inked a long-term agreement with a strategic partner to further enhance access to Adalimumab-ryvk in the US market.
• Bar Harbor Bankshares (NYSE:BHB) climbed 5.6% to $25.20 following upbeat quarterly earnings.
• Nuvation Bio Inc. (NYSE:NUVB) rose 5.2% to $2.7150.
• AMC Entertainment Holdings, Inc. (NYSE:AMC) shares rose 4.8% to $3.0589. Wedbush, on Thursday, slashed its price target on the stock to $4 on Thursday.
• Community Health Systems, Inc. (NYSE:CYH) gained 4.7% to $2.9099. Community Health Systems announced an agreement to sell Cleveland, Tennessee, Hospital to Hamilton Health Care System for $160 million in cash.

Read More: Netflix To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Friday

Posted In: ALVO AMC BHB CNS CYH FITB HUMA MCB MNDR NUVB PARA TELL