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Stock impact report

Fifth Third Bancorp's Comerica Deal Reshapes Growth And Valuation Story [Yahoo! Finance]

Fifth Third Bancorp (FITB) 
Last fifth third bancorp earnings: 4/21 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.53.com/investor-overview
Company Research Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Fifth Third Bancorp completed its $10.9b acquisition of Comerica, expanding into markets such as California and Texas. Senior Comerica executives have been appointed as new regional presidents within Fifth Third. The bank is planning an entry into Texas with 50 to 60 new branches in Houston. Fifth Third Bancorp (NasdaqGS: FITB) is reshaping its footprint with the completed Comerica deal and a wider reach into key markets. The stock last closed at $43.4, with a 1 year return of 16.7% and a 3 year return that is very large relative to its 1 year performance. Over shorter periods, shares have seen a 7 day return decline of 8.2% and a 30 day return decline of 18.4%. For you as an investor, the combination of a large acquisition, leadership changes, and a push into Texas and California creates a different profile for Fifth Third's commercial and retail franchise. Upcoming Show less Read more
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