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Fifth Third sees FY23 total revenue up 6%-8% vs. prior view of up 9%-10%

Consensus is $9.08B. Sees FY23 NII up 7%-10%, with noninterest income stable to up 1% and noninterest expense up 4%-5%. Sees Fy23 average loans and leases up 2%-3%, net charge-off ratio 25-35bps, and an effective tax rate of roughly 23%. Comments taken from Q1 earnings conference call presentation slides.

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Published first on TheFly

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