Sees Q2 NII down about 1%, with noninterest income up 2%-3% and noninterest expense down 8%-9%. Sees Q2 average loans and leases stable to up 1%, with a net charge off ratio 25-35bps, and an effective tax rate of about 23%.
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Published first on TheFly
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Read More on FITB:
- Fifth Third (FITB) Q1 Earnings Cheat Sheet
- Fifth Third price target lowered to $36 from $47 at Barclays
- Fifth Third price target lowered to $32.50 from $37.50 at JPMorgan
- Early notable gainers among liquid option names on April 6th
- Fifth Third upgraded to Outperform from Market Perform at Keefe Bruyette
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