Fifth Third Bancorp to buy Comerica for $10.9 billion in all-stock deal

Core Viewpoint - Fifth Third Bancorp is set to acquire Comerica in an all-stock deal valued at $10.9 billion, which will create the ninth-largest bank in the U.S. with approximately $288 billion in assets upon completion of the deal expected by the end of Q1 2026 [1][2] Group 1 - The acquisition is part of Fifth Third's strategy to enhance its presence in high-growth markets and improve its commercial capabilities, according to CEO Tim Spence [2] - Following the announcement, Comerica's shares increased by 11.5% in premarket trading, while Fifth Third's shares declined by about 3% [2]