A $10.9 Billion Reason to Buy This Dividend Stock Now

Mergers rarely cause such a stir, but Fifth Third Bancorp’s (FITB) $10.9 billion all-stock acquisition of Comerica (CMA) is landing at a turning point for the economy. This leads Well Fargo analyst Mike Mayo to give it a “Buy” rating with a $52 price target from its current price of $43.79. At the same time this deal moves forward, U.S. monetary policy and global trade rules are both shifting in ways that banks cannot ignore. The Federal Reserve has trimmed interest rates recently, taking the expected rate ...