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Fifth Third's profit jumps on fees and commercial growth

from The Wall Street Journal

Fifth Third Bancorp said profit in its third quarter rose as a positive valuation adjustment and a jump in fee revenue helped offset a higher loan-loss provision and increased expenses. The profit fell short of Wall Street projections, though, pushing shares down 1.4 percent in morning trading. The Cincinnati-based regional bank reported a profit of $381 million, up from $340 million a year earlier. more

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