Business & Technology
Thu July 21, 2011
Fifth Third Bank's Profit Doubled in 2nd Quarter
Regional banking company Fifth Third Bancorp says its second-quarter earnings more than doubled as credit trends continued to improve.
The Cincinnati-based company reports net income of $328 million for April, May and June. That compares with earnings of $130 million in the same period a year ago. Some analysts expect earnings-per-share of 28 cents.
Fifth Third says it saw growth in mortgage banking, credit card and corporate banking revenue. They operate more than 1,300 banking centers in 12 states.