Morgan Keegan Maintains Outperform on Fifth Third Bancorp

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

In its report, Morgan Keegan writes, "We view Fifth Third as extremely well-positioned to drive above average earnings growth driven by improving net interest income, disciplined expense management and continued benefit from lower credit costs (LLR ratio at 3.35%), all of which should translate into a steady increase in bottom-line earnings."

Morgan Keegan maintains a $14 PT on FITB.

At the time of posting, shares of FITB were trading at $10.80, up 2.08% from Friday's close.