Comerica shareholders on Tuesday approved a $10.9 billion sale to larger rival Fifth Third Bancorp , according to two people familiar with the vote, ignoring an activist hedge fund's calls to block the deal after having initially urged the bank to put itself up for sale.
CINCINNATI & DALLAS--(BUSINESS WIRE)--Today, shareholders of Fifth Third Bancorp (Nasdaq: FITB) and stockholders of Comerica Incorporated (NYSE: CMA) voted separately to approve the proposed merger of the two companies. The transaction is expected to close in the first quarter of 2026, subject to satisfaction of the remaining customary closing conditions. “Today's favorable shareholder vote wit...
CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQ: FITB), was recognized as a Best Private Bank (US, Regional) for the seventh consecutive year. In addition, the Private Bank was named Best Private Bank or Wealth Manager for Net Worth up to $5 Million (Globally). Global Finance announced the honors for its 2026 World's Best Private Bank Awards. “This ...
The U.S. government is increasingly funding deficits with short-term debt, making interest expenses highly sensitive to Fed policy. A declining average maturity in the sovereign bond index tightens the link between fiscal and monetary policy, amplifying market complexity. Artificially subdued long-term bond supply likely keeps long-term yields lower than they would be with more balanced issuance.
Fifth Third Bank shares have delivered above-market returns over the past five years. The proposed Comerica acquisition is a key near-term catalyst, expected to close in Q1 2026, boosting FITB's scale and efficiency. FITB anticipates $850 million in synergy cost savings by 2027 and ROTCE rising by ~200 bps to 19%+ within two years post-deal.
Overall, the banking sector has had a decent year, with the Invesco KBW Bank ETF (KBWB) up 31.6% in 2025, while the SPDR S&P Regional Banking ETF (KRE) sports a 10.9% year-to-date gain.
CINCINNATI--(BUSINESS WIRE)--Fifth Third's third annual Swap, Snap, Share campaign has awarded nearly $145,000 in grants and tips to small businesses across the U.S.
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