NEW YORK (TheStreet) -- Shares of Fifth Third Bancorp (FITB) - Get Report are rising 1.55% to $18.94 on Thursday morning after the company reported better-than-expected earnings for the 2016 second quarter.
Before today's market open, the Cincinnati-based bank holding company posted earnings of 40 cents per share, above analysts' estimates of 38 cents per share.
Revenue for the period was $1.51 billion, while analysts were projecting $1.52 billion.
"Operating leverage continues to be our top priority in this extended low growth, low rate environment," CEO Greg Carmichael said in a statement, "With a balanced focus on revenue growth and expense management we are making good progress even as we continue to make strategic investments."
Fifth Third has been under pressure like other regional banks due to low interest rates, the Wall Street Journal noted.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FITB