Fifth Third Bancorp

FITB: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Fifth Third Earnings: Tricolor Blemishes Otherwise Healthy Quarter

Fifth-Third reported net income growth of 14% in the third quarter. Net charge-offs were 1.09% (0.52% when excluding Tricolor). Importantly, management guided to fourth-quarter net charge-offs of about 0.40%. We attribute the positive market reaction to credit looking better than expected.

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