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

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

Shares of Fifth Third Bancorp 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 MNDR shares jumped 20.2% to $24.53.
  • Metropolitan Bank Holding Corp. MCB rose 19% to $39.40 after the company reported better-than-expected first-quarter financial results.
  • Humacyte, Inc. HUMA climbed 12.2% to $4.03.
  • Paramount Global 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. CNS gained 8.1% to $71.48 after it was announced the stock will join the S&P SmallCap 600.
  • Tellurian Inc. TELL shares jumped 7.8% to $0.4172.
  • Alvotech 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 BHB climbed 5.6% to $25.20 following upbeat quarterly earnings.
  • Nuvation Bio Inc. NUVB rose 5.2% to $2.7150.
  • AMC Entertainment Holdings, Inc. 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. 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

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