$FITB Post a 27% Jump in Profits on Asset Sale

“Fifth Third Bancorp. (FITB), Ohio’s largest lender, said fourth-quarter profit rose 27 percent as the firm booked a gain on a stake in Vantiv Inc. (VNTV)

Net income jumped to $399 million, or 43 cents a share, from $314 million, or 33 cents, a year earlier, the Cincinnati- based company said today in a statement. That compares with the 41-cent average estimate of 29 analysts surveyed by Bloomberg…”

Full report