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Fifth Third Bancorp's profit falls on higher loan loss provisions

Fifth Third Bancorp's profit falls on higher loan loss provisions Oct 18 (Reuters) - Fifth Third Bancorp FITB.O reported a fall in its third-quarter profit on Friday, as the bank set aside more money to cover for potential loan defaults, sending its shares down 3% in premarket trading. Banks have been allocating larger reserves as customers deplete their savings built up during the pandemic, resulting in provisions rising to more typical levels.
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Futures edge up on tech boost; Netflix climbs after upbeat earnings

US STOCKS-Futures edge up on tech boost; Netflix climbs after upbeat earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Netflix gains, beats subscriber growth estimates CVS falls after replacing CEO American Express up after profit beat Futures up: Dow 0.09%, S&P 500 0.17%, Nasdaq 0.38% Updated at 07:00 a.m.
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U.S. small-caps in favourable set-up

LIVE MARKETS-U.S. small-caps in favourable set-up STOXX 600 up 0.2% Luxury, miners lead gains China Q3 GDP disappoints Upside surprise in UK retail sales Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com U.S. SMALL-CAPS IN FAVOURABLE SET-UP U.S.
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AmEx shares reverse course after Q3 revenue miss, higher provisions

BUZZ-AmEx shares reverse course after Q3 revenue miss, higher provisions Updates ** Credit card giant American Express' AXP.N shares reverse course in volatile premarket trading; last down ~1.7% at $280.80 ** AXP's Q3 revenue rises 8% to $16.64 bln, missing analysts' estimates of $16.67 bln, according to data compiled by LSEG ** Co's consolidated provisions of credit losses or capital set aside for loans that may not be paid back rose to $1.4 bln in Q3, compared with $1.2 bln last year ** Still,
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AmEx rises on Q3 profit beat, ups FY24 forecast

BUZZ-AmEx rises on Q3 profit beat, ups FY24 forecast ** Credit card giant American Express' AXP.N shares rise ~2% to $291.70 premarket ** AXP raises FY EPS forecast above Wall Street expectations after beating profit estimates in Q3 ** Co raises FY EPS forecast to a range of $13.75 - $14.05, up from $13.30 - $13.80 ** Analysts on average had expected $13.14 per share, according to estimates compiled by LSEG ** Co's adjusted quarterly EPS of $3.49 beat Street expectations of $3.28; revenue rises
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