Fifth Third stock dips on potential impairment charge in third quarter

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Fifth Third Bank location. Fifth Third services 15 regions with more than 1,300 locations.

Fifth Third Bancorp (NASDAQ:FITB) said on Tuesday that it discovered alleged fraudulent activity at a commercial borrower, which could result in an impairment charge of $170M to $200M.

Shares were -4.12% Wednesday pre-market to $43.55.

The bank holding company discovered

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