Fifth Third Gets a Boost from M&A in Both Banks and Fintech

Courtesy of Mohammed Hijas

Fintech partnerships paid off for Fifth Third Bank this quarter. The largest gains came from the bank’s ownership stake in the payment processing company Worldpay, formerly Vantiv. The sale of five million shares of common stock of Worldpay resulted in a $205 million pre-tax gain. As of June 30, the earnings report notes, Fifth Third owns 3.3% of …Read More

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