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Fifth Third Bancorp Q3 Earnings Drop

Fifth Third Bancorp (FITB) released a profit for third quarter that declined from the same period last year.

The company's profit came in at $418 million, or $0.61 per share. This compares with $999 million, or $1.35 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Fifth Third Bancorp earnings at a glance:

-Earnings (Q3): $418 Mln. vs. $999 Mln. last year.
-EPS (Q3): $0.61 vs. $1.35 last year.
-Analysts Estimate: $0.63

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