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.
Read the full story
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.