tiprankstipranks
Fifth Third sees FY24 revenue down 1% to 2% compared to FY23, consensus $8.61B
The Fly

Fifth Third sees FY24 revenue down 1% to 2% compared to FY23, consensus $8.61B

Sees FY24 net interest income stable to down 2% to 4%. Sees FY24 noninterest income up 1% to 2%. Sees FY24 noninterest expense up approximately 1%. Sees FY24 net charge-off ratio 35-45 basis points. Sees FY24 allowance for credit losses $75M to $100M. Sees FY24 effective tax rate 22%-23%. Guidance taken from Q1 presentation slides.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles