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Fifth Third sees Q2 revenue ‘stable’ vs. Q1, consensus $2.26B

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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