Fifth Third Bancorp of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment processing firm Vantiv.
The $127 billion-asset company says in a press release that it sold nearly 5.8 million shares of Vantiv common stock, reducing its ownership by 12%. Fifth Third said the sales "continue the process of monetizing the remaining portion" of its stake in the Ohio company.
The capital raise
Fifth Third has been
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