Fifth Third buying Comerica for nearly $10B as regional banks aim to take on JPMorgan
1. Fifth Third Bancorp to acquire Comerica for $10.9 billion in stock. 2. The merger will form the 9th largest U.S. bank with $288 billion in assets. 3. Fifth Third will significantly increase its presence in high-growth markets. 4. Comerica shareholders will receive 1.8663 Fifth Third shares for each share they own. 5. The merger needs shareholder approval and is expected to close by Q1 2026.