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

1. Fifth Third Bancorp to acquire Comerica for $10.9 billion. 2. Deal creates the ninth-largest U.S. bank with $288 billion in assets. 3. Comerica shares jumped 15% post-announcement; Fifth Third slightly lower. 4. Expansion planned in Texas for Comerica, enhancing regional banking presence. 5. Merger approvals accelerating, hinting at more regional banking consolidations.

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FAQ

Why Bullish?

The acquisition boosts Comerica's market position and creates revenue synergies, potentially enhancing future valuations.

How important is it?

The acquisition represents a significant industry shift, likely affecting market sentiment and regional banking stocks, including CMA.

Why Long Term?

While immediate impacts are positive, long-term effects will depend on integration success and market conditions.

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