Reported 1 day ago
Comerica (CMA) shares jumped 13.7% to close at $80.2, fueled by the announcement of its acquisition by Fifth Third Bancorp in a $10.9 billion stock deal. This merger will form the ninth-largest bank in the U.S., enhancing its presence in rapidly growing markets. Despite this positive development, Comerica's earnings expectations show a slight decline year-over-year. Investors should monitor CMA for potential continued strength following this significant uptick.
Source: YAHOO