Fifth Third stock rises 1.24 percent as dividend grows

Fifth Third Bancorp's stock increased by 1.24 percent, reaching USD 52.10 on the NYSE, following an announcement of a 5 percent increase in its quarterly common dividend to USD 0.42. The bank reported strong second-quarter earnings, with net income of USD 763.0 million and a 48 percent year-over-year gain in net interest income. Despite analysts lowering price targets, the dividend increase and solid financial performance contributed to investor confidence.