Fifth Third Bancorp (FITB) cashes in, expecting to recognize a pre-tax gain of $140M in Q4 from...

|About: Fifth Third Bancorp (FITB)|By:, SA News Editor

Fifth Third Bancorp (FITB) cashes in, expecting to recognize a pre-tax gain of $140M in Q4 from the sale of 12.45M shares of its stake in Vantiv (VNTV). After the sale, the bank still holds another 71.5M shares. Fifth Third plans to roll the gains into a repurchase of its own stock, a plan not objected to by the Fed. (PR)