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Fifth Third Bancorp Q1 Income Rises

Fifth Third Bancorp (FITB) announced earnings for its first quarter that rose from the same period last year.

The company's profit came in at $689 million, or $0.97 per share. This compares with $290 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Fifth Third Bancorp earnings at a glance:

-Earnings (Q1): $689 Mln. vs. $290 Mln. last year.
-EPS (Q1): $0.97 vs. $0.38 last year.
-Analysts Estimate: $0.48

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