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Stock impact report

Fifth Third closes Comerica acquisition in under four months [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
What's at stake: Fifth Third must now integrate Comerica, as the combination increased the company's total assets by more than 35%. Forward look: The bank will aim to take advantage of legacy Comerica's commercial footprint in regions such as Texas, where it hopes to boost its retail business and market share. Fifth Third Bancorp officially acquired Comerica , marking the completion of one of the largest bank deals in recent history. The acquisition, which was valued at $10.9 billion when it was announced, crossed the finish line less than four months after it was announced. Now, Fifth Third will merge its retail strategy with Comerica's commercial footprint in hopes of locking down market share in markets such as Texas and Michigan. The deal not only signals that merger timelines are getting faster as the Trump administration eases up on regulatory scrutiny, it's also further affirmation that banks are seeking scale to compete. Cincinnati-based Fifth Third now has some $29 Show less Read more
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