Sep. 10 at 5:55 PM
$FITB faces
$170–
$200M impairment charge — how will it impact earnings? ⚠️
The charge stems from alleged fraud involving subprime auto lender Tricolor Holdings, significantly affecting provision for credit losses, now forecasted at
$220–
$250M for Q3. Despite this, steady loan growth and improving non-interest income may support FITB’s top-line growth.
Full analysis here 👉
$FITB https://www.zacks.com/stock/news/2749695/fifth-third-to-incur-170-200m-charge-in-q3-on-loan-fraud-exposure?cid=sm-stocktwits-2-2749695-body-11858&ADID=SYND_STOCKTWITS_TWEET_2_2749695_BODY_11858