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Fly News Breaks for April 5, 2016
FITB
Apr 5, 2016 | 08:31 EDT
As noted earlier, BMO Capital downgraded Fifth Third to Market Perform from Outperform. The firm thinks that banks are facing a variety of macro pressures, including market volatility, lower for longer rates, normalizing credit costs, and rising expenses, driven partly by regulatory issues. The firm adds that Fifth Third is burdened by weak C&I lending and weak capital markets revenue. Target to $19 from 420.
News For FITB From the Last 2 Days
FITB
FITB
FITB
FITB
Apr 19, 2024 | 08:12 EDT
Sees Q2 net interest income stable to up to 1%. Sees Q2 noninterest income up 2% to 4%. Sees Q2 noninterest expense down approximately 6%. Sees Q2net charge-off ratio 35-45 basis points. Sees Q2 allowance for credit losses $0 to $25M. Sees Q2 effective tax rate 22%-23%. Guidance taken from Q1 presentation slides.
FITB
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