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News  ›  The Motley Fool

Fifth Third's $11 Billion Comerica Grab: What It Means for Investors

The Motley Fool Logo The Motley Fool By Bram Berkowitz
Fifth Third's $11 Billion Comerica Grab: What It Means for Investors

Fifth Third Bancorp announced an $11 billion all-stock acquisition of Comerica, creating the ninth-largest U.S. bank with $288 billion in assets. The deal aims to expand market presence and improve financial performance without diluting tangible book value.

Insights
MSFT   neutral

Mentioned as a cloud computing competitor to Amazon


FITB   positive

The acquisition is expected to be earnings accretive, improve return on assets, and expand market presence without negatively impacting book value