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26.71
0.60%
0.16
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26.71
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Why is Associated Banc Corp (ASB) Stock down?
We've noticed a 5.57% decline in Associated Banc Corp (ASB) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
20 Oct, 2023:
Shares of Associated Banc-Corp (ASB) dropped by 5.61% from $16.40 to $15.48 in the trading on Friday, October 20, 2023. The reasons why ASB stock down include:
- Lowered Outlook: Despite a reasonably solid quarter, Associated Bank adjusted its outlook for the fiscal year, lowering expectations for total loan growth (5-6% instead of 6-8%) and total net income growth (5-7% instead of 6-8%).
- Market Reaction: The market's response to the mixed results and adjusted outlook led to a modest decline in Associated Bank's shares, reflecting slight relative weakness on the loan side of its business.
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