- Fifth Third reports second-quarter earnings of 40 cents a share, beating the consensus estimate by a nickel.
- Results include $36 million after-tax gain on sale of Vantiv shares.
- Net interest income flat; noninterest expense down 4% sequentially.
Big market gains were the result of great companies, CEOs and the people behind them -- not just the Fed, says Jim Cramer.
The central bank exempted mid-sized companies from the "qualitative" part of stress tests that determine whether the companies can pay dividends and buy back stock in the coming year.