Oct 23 (Reuters) - Fifth Third Bancorp reported a 58 percent decline in quarterly profit on Tuesday, as provisions for bad loans and expenses jumped.
Net income attributable to common shareholders fell to $418 million, or 61 cents per share, in the third quarter ended September, from $999 million, or $1.35 per share, a year earlier. reut.rs/2AnyaY8
Analysts on average had expected a profit of 63 cents per share, according to Refinitiv data. It was not immediately clear if the numbers were comparable.
Reporting By Aparajita Saxena in Bengaluru; Editing by Sriraj Kalluvila