Comerica Investor Demands Details on Fifth Third Deal
HoldCo Asset Management is unhappy with Comerica's pending acquisition by Fifth Third Bancorp. The activist investor had pushed for the nearly $11 billion deal, but now says the sale was “flawed” and that Comerica had not allowed for an independent, competitive process, according to a report issued by HoldCo Monday (Nov. 17).
Activist investors to juice bank M&A after HoldCo's Comerica campaign
This month's $10.9 billion sale
UK's CMA Clears Global Payments' Planned Acquisition of Worldpay
Global Payments' planned acquisition of Worldpay was OK'd Monday (Oct. 20) by the United Kingdom's Competition and Markets Authority. “The CMA has cleared the anticipated acquisition by Global Payments Inc. of Worldpay Holdco LLC,” the regulator said in a Monday update.
Fifth Third Sees Embedded Finance as a Growth Engine as Comerica Deal Looms
Fifth Third Bancorp's third quarter results showed growth in demand deposit accounts, embedded payments and limited exposure to NDFIs.
Comerica tops profit estimates on strong deposits, stable credit quality
Comerica Inc (NYSE:CMA) reported third-quarter earnings that beat Wall Street expectations on Friday, helped by stronger deposits and solid credit performance, as the regional lender prepares to merge with Fifth Third Bancorp. The Dallas-based bank posted earnings per share of $1.35, topping analyst estimates of $1.31, while net income came in at $176 million.
Comerica Incorporated (CMA) Q3 Earnings Beat Estimates
Comerica Incorporated (CMA) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.37 per share a year ago.
Fifth Third Profit Rises, Comerica's Slips Ahead of Tie-Up
Fifth Third Bancorp posted higher profit in the third quarter, while Comerica's earnings slipped slightly, as the regional lenders prepare to combine in a $10.9 billion all-stock deal.
Comerica's Q3 Earnings to be Hurt by Higher Expenses & Lower NII
Comerica's third-quarter results may see higher revenues but weaker earnings as rising costs and lower NII weigh on performance.
Fifth Third buying Comerica for nearly $10B as regional banks aim to take on JPMorgan
The buyout will create the 9th largest US bank with approximately $288 billion in assets.
Fifth Third and Comerica enter $10.9 billion deal to create ninth-largest bank in the U.S.
Fifth Third on Monday agreed to buy regional lender Comerica in an all-stock deal valued at $10.9 billion, creating the ninth-largest U.S. lender with a robust presence in the Midwest.
Options Traders Bet Big on Fifth Third's Big Comerica Purchase
The bank sector was shook up today, after Fifth Third Bancorp (NASDAQ:FITB) acquired peer Comerica Inc (NYSE:CMA) for $10.9 billion in an all-cash deal.
Regional Banks Consolidate Tech and Deposits as Fifth Third Buys Comerica
When two regional banks merge, it's not just their balance sheets that combine. It's their digital ambitions and competitive strategies, too.
