Fifth Third Bancorp Expects Q2 Total Revenue To be Down 2-3% Sequentially Vs. Prior Outlook Of Stable
Portfolio Pulse from Benzinga Newsdesk
Fifth Third Bancorp has revised its Q2 total revenue outlook, now expecting a 2-3% sequential decrease compared to the previous stable outlook.
June 13, 2023 | 9:28 pm
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Fifth Third Bancorp's Q2 total revenue is expected to be down 2-3% sequentially, compared to the prior stable outlook.
Fifth Third Bancorp's revised outlook for Q2 total revenue indicates a decrease in revenue, which is likely to negatively impact the stock price in the short term. Investors may react to this news by selling shares, leading to a decrease in the stock price.
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