Fifth Third Bancorp reported sharply higher first-quarter net income Thursday, thanks in part to the regional bank's stake in the payment processor Vantiv.
Cincinnati-based Fifth Third reported net income of $421 million, or 45 cents per share. That compares with $88 million, or 10 cents per share, reported in the same period last year. Analysts surveyed by FactSet expected the bank to earn 35 cents per share, on average.
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