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Fifth Third Bancorp

October 21, 2011

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The Ohio regional bank said third-quarter earnings more than doubled as interest income rose and loan defaults eased. The bank reported net income of $373 million, or 40 cents per share, up from $175 million, or 22 cents, a year earlier. Analysts expected 33 cents. CEO Kevin Kabat said a boost in net interest income helped drive growth. The bank also raised its dividend for the second time this year.

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