Fifth Third: Comerica Acquisition Ill-Timed As California And Texas Economies Slow (FITB)

Fifth Third Bancorp (NASDAQ: FITB ) announced its acquisition of Comerica (NYSE: CMA ) for $10.9B, combining the two regional banks to create something of a " super regional bank ." FITB fell slightly on the news, while Comerica jumped up nearHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic back ...