Reported about 15 hours ago
Fifth Third Bancorp announced an increase in its fourth-quarter profit, attributed to a revival in dealmaking and higher fees in wealth and asset management. The lender's capital markets fees rose by 16%, contributing to a total net income of $582 million for the period. Despite a rise in provisions for credit losses, the positive trend in fee income reflects a broader resurgence in the banking sector amid improving economic conditions.
Source: YAHOO