Fifth Third Bancorp
FITB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| V!P | LOCK|&C#% | LOCK|?@yL&P# |
Fifth Third Bancorp: Comerica Acquisition Expands Geographic Presence and Scale
Fifth Third Bancorp announced on Oct. 6 that it has signed a definitive agreement to acquire Comerica in all-stock transaction valued at $10.9 billion. Following the deal's close, Comerica shareholders will own 27% of the combined company.
