Key facts: Fifth Third Bancorp to Acquire Comerica for $10.9 Billion; Stock Rises 3.4%
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- Fifth Third Bancorp has agreed to acquire Comerica in a transaction valued at $10.9 billion, reflecting ongoing consolidation trends within the regional banking sector.1
- Fifth Third Bancorp's stock rose 3.4% recently, fueled by positive market sentiment after major banks reported strong earnings that surpassed expectations.2