Morgan Stanley Maintains Overweight on Fifth Third Bancorp

Morgan Stanley is out with its report today on Fifth Third Bancorp (NASDAQ: FITB), maintaining Overweight.

In its report, Morgan Stanley writes, "We have taken a fresh look at FITB in light of the recent sell-off. It remains one of our top picks in midcap banks. No one thing causes FITB to stand out; instead, it's a matter of being at least as good, if not better, in almost every quality metric, combined with a highly attractive valuation."

Morgan Stanley has a $17 PT on FITB.

At the time of posting, shares of FITB were trading at $10.23, down 2.20% from Thursday's close.