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5 Bank Stocks Under Fire

Bank stocks are struggling on fundamental and technical levels

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Bank Stocks — Fifth Third Bancorp (FITB)

FITB stock
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Like BAC stock, Fifth Third Bancorp (FITB) suffered a steep pullback in April as a massive drop off in mortgage origination volumes and reduced ability to tap into loan loss reserves to pad quarterly earnings sent investors fleeing.

FITB announced weaker-than-expected Q1 earnings on April 17, driven by a drop in net interest margin and a -13% year-over-year decline in mortgage banking revenue. FITB stock is only down 3% so far this year, but has fallen more than 10% since early April.

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