FITB Gives Q3 Update, Commercial Payment to Reach $1B in 5 Years

At the Barclays Global Financial Services Conference, Fifth Third Bancorp (FITB) provided an update on its third-quarter 2024 outlook. Fifth Third stated that total revenues are expected to rise 2-3% sequentially in the third quarter from its baseline of $2.2 billion compared with the previous guidance of 1-2$717 million, up from the earlier projection of a 1-2% rise. Average loans and leases are ...