Fifth Third Bancorp stock closes higher after Comerica merger — what FITB investors watch next
Fifth Third Bancorp said it completed its merger with Comerica, forming a $294 billion-asset bank. FITB shares closed up 1.7% at $52.83, just below a 52-week high. An SEC filing detailed a 1.8663-for-1 stock swap for Comerica shares and $2.4 billion in assumed notes. Full system and brand conversions are planned for the third quarter.