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Vantiv Raises Fifth Third’s Profit
By: DailyMarkets.com
Posted on April 19, 2012 at 14:00 PM EDT
Aided by gains from the Vantiv Inc.’s (VNTV) initial public offering, Fifth Third Bancorp (NASDAQ:FITB) has posted improved earnings in the first quarter of 2012. The company reported net income of $421 million or 45 cents per share in the reported quarter, ahead of the prior quarter’s net income of $305 million or 33 cents [...]

Aided by gains from the Vantiv Inc.’s (VNTV) initial public offering, Fifth Third Bancorp (NASDAQ:FITB) has posted improved earnings in the first quarter of 2012. The company reported net income of $421 million or 45 cents per share in the reported quarter, ahead of the prior quarter’s net income of $305 million or 33 cents per share and year-ago quarter’s net income of $88 million or 10 cents per share.
Results include a 9 cent per share positive impact from Vantiv. Excluding that, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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