Stocks to Watch: American Eagle, Toll Bros.
Reflective of the approval, Fifth Third said its board has signed off on a share repurchase authorization of up to 100 million shares. The bank expects to consider the dividend increase at its next regularly scheduled board meeting in September.
Shares of Fifth Third closed Tuesday at $14.39, up more than 40% in the past year.
--Written by Michael Baron in New York.
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