Options Traders Bet Big on Fifth Third's Big Comerica Purchase
The bank sector was shook up today, after Fifth Third Bancorp (NASDAQ:FITB) acquired peer Comerica Inc (NYSE:CMA) for $10.9 billion in an all-cash deal. The agreement will give Fifth Third $288 billion in total assets and makes the Cincinnati-based bank the ninth largest in the country. The deal is expected to close by the first quarter of 2026. FITB is up 0.3% to trade at $44.53 at last check, while CMA is 16% higher to trade at $81.85. The broader financial exchange-traded fund Financial Select Sector SPD ...