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Fifth Third Profit Stalls, Loan Losses Grow

Reuters
Friday, 19 Oct 2007 | 6:51 AM ET

Fifth Third Bancorp, a large U.S. Midwest bank, said on Friday that third-quarter profit was little changed, as an increase in loan losses offset growth in fee-related income.

Net income for the Cincinnati-based company fell to $376 million from $377 million a year earlier. Profit per share rose to 71 cents from 68 cents because Fifth Third had fewer shares outstanding.

Shares of Fifth Third were 0.6 percent lower in Frankfurt trading.

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