Thursday, October 20, 2011 10:07:38 AM
Fifth Third tops regional rally,but financials off
Oct. 20, 2011, 9:40 a.m. EDT
FITB XLF SPX AXP BAC
NEW YORK (MarketWatch) -- Shares of Ohio-based regional bank Fifth Third Bancorp /quotes/zigman/71890/quotes/nls/fitb FITB +6.66% were the top gainer in the S&P P 500 index and the financial sector on Thursday after the company said its profit grew in the third quarter and that it has no exposure to the European debt crisis. Fifth Third shares rose more than 7%. In the broader sector, the Financial Select Sector SPDR ETF /quotes/zigman/246222/quotes/nls/xlf XLF -0.40% , which tracks the financial stocks in the S&P 500 Index /quotes/zigman/3870025 SPX +0.08% , fell 0.4%. Among the Dow financials, American Express Co. /quotes/zigman/217470/quotes/nls/axp AXP -1.71% , Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC -1.86% J.P. Morgan Chase & Co. /quotes/zigman/272085/quotes/nls/jpm JPM -0.87% and Travelers Cos. Inc. /quotes/zigman/455344/quotes/nls/trv TRV -1.32% all fell.
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