Fifth Third’s Profit Climbs 14% Despite $178 M Tricolor Loss
Fifth Third Bancorp boosted its Q3 profit by 14% to $608 million (91 cents/share), thanks to strong fee income growth. The bank’s non-interest income rose to $781 million, a 10% jump from a year ago, led by an 11% increase in wealth and asset management fees and a 16% surge in mortgage banking fees. Net…