Wells Fargo analyst Mike Mayo lowered the firm’s price target on Fifth Third (FITB) to $48 from $50 and keeps an Overweight rating on the shares. The company’s Q1 earnings beat consensus but with a slightly reduced fee and implied pre-provision net revenue guide, though the bank still expects record net interest income in 2025, the analyst tells investors in a research note. Wells tweaked down forward estimates to reflect somewhat slower fee growth and modest downward revisions to NII projections.
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