Comerica Stock (CMA) Rallies 15% on an $11B Merger with Fifth Third (FITB)

Comerica (CMA) stock rallied on Monday after the financial company announced an acquisition agreement with fellow financial services company Fifth Third (FITB). The two have entered into a definitive merger agreement that will have Fifth Third acquire Comerica for $10.9 billion in an all-stock transaction.

Under the terms of the agreement, Comerica shareholders will receive 1.8663 shares of FITB stock for each share of CMA that they own. This represents a value of $82.88, which is a 20% premium to Comerica’s 10-day volume-weighted average stock price. The deal will result in Fifth Third shareholders owning 73% of the combined company, while the remaining 27% will be held by Comerica’s investors.

The deal between Comerica and Fifth Third requires approval from regulators and the shareholders of both companies. If all goes well, the two expect the deal to close in the first quarter of 2026. Fifth Third intends to integrate leadership from Comerica into its own team once the transaction is complete. The deal will result in Fifth Third becoming the ninth-largest bank in the U.S.

Comerica and Fifth Third Stock Movement Today

Comerica stock was up 14.33% in pre-market trading on Monday, following a slight rally on Friday. The stock has also increased 18.13% year-to-date and 21.05% over the past 12 months. Shares of FITB stock were down roughly 1% alongside the acquisition announcement, but were still up 7.95% year-to-date and 5.34% over the past 12 months.

Is Fifth Third Stock a Buy, Sell, or Hold?

Considering Fifth Third is the company that will survive the merger with Comerica, investors may be curious about its potential. Wall Street’s consensus for the shares is Moderate Buy, based on 11 Buy and six Hold ratings over the past three months. With that comes an average FITB stock price target of $49.67, representing a potential 11.84% upside for the shares.

See more FITB stock analyst ratings