Fifth Third Bancorp (FITB) News Today

Fifth Third Bancorp (NASDAQ:FITB) shares have decreased amid investor reactions to its proposed $10.9 billion acquisition of Comerica and a flurry of analyst rating adjustments.

• Positive Sentiment: Fifth Third’s all-stock bid to acquire Comerica for $10.9 billion will create the 9th-largest U.S. bank with about $288 billion in assets, enhancing scale, regional diversification and deposit mix. Fifth Third Bancorp is buying Comerica for $10.9 billion
• Positive Sentiment: Morgan Stanley upgraded FITB from Equal Weight to Overweight and lifted its price target to $60.00 (37.4% upside). Rating Increased to Overweight at Morgan Stanley
• Positive Sentiment: TD Cowen maintained a Buy rating and boosted its target to $57.00, implying a 30.2% gain. TD Cowen Adjusts Price Target
• Positive Sentiment: Keefe, Bruyette & Woods raised its objective to $50.00 and kept a Market Perform rating, reflecting a 14.2% upside. Keefe, Bruyette & Woods PT to $50
• Positive Sentiment: UBS Group lifted its price target to $45.00 with a Neutral rating, signaling modest upside potential. New $45.00 Price Target at UBS Group
• Positive Sentiment: Piper Sandler trimmed its target to $48.00 but maintained an Overweight rating, indicating continued confidence in FITB’s prospects. Piper Sandler Cuts Price Target to $48.00
• Neutral Sentiment: CEO Tim Spence told Reuters the Comerica deal will expand Fifth Third’s presence in U.S. middle markets and key growth regions, underpinning longer-term revenue diversification. CEO says Comerica deal will expand presence
• Neutral Sentiment: Following the wave of upgrades, FITB saw a large volume uptick, reflecting renewed investor interest. Sees Large Volume Increase Following Analyst Upgrade
• Negative Sentiment: Halper Sadeh LLC opened an investigation into whether the merger terms are fair to Fifth Third shareholders, introducing potential legal and reputational risk. Stock Alert: Halper Sadeh LLC Investigation
• Negative Sentiment: Regulators may require branch divestitures or closures in overlapping markets, potentially diluting cost synergies. Deal could trigger branch office closures