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Comerica

All articles tagged with #comerica

business3 months ago•1 min saved

Fifth Third Bancorp's $10.9 Billion Deal Sparks Comerica Park Renaming Speculation

Fifth Third Bancorp's planned $10.9 billion acquisition of Comerica Bank, expected to close in early 2026, raises the possibility of a name change for Detroit's Comerica Park, which has held the bank's naming rights since 2000. The deal's completion might lead to a rebranding of the stadium, though officials have stated they are committed to honoring the park's legacy and community ties. Fifth Third has a history of stadium naming rights, including affiliations with Tigers' minor league teams.

via The Detroit News|

#banking #business #comerica

business3 months ago•4 min saved

Fifth Third to Acquire Comerica in $10.9 Billion Deal, Forming Ninth-Largest US Bank

Fifth Third is acquiring Comerica in a $10.9 billion all-stock deal to create the ninth-largest US bank, expanding its presence in high-growth markets and diversifying its revenue streams, with the deal expected to close by early 2026.

via Reuters|

#banking #business #comerica

business3 months ago•1 min saved

Fifth Third Bancorp to acquire Comerica in $10.9 billion all-stock deal

Fifth Third Bancorp is acquiring Comerica in a $10.9 billion all-stock deal to create the ninth-largest U.S. bank, expected to finalize in early 2026, with the merger boosting regional banking capabilities and market presence.

via CNBC|

#banking #business #comerica

finance2 years ago•6 min saved

US Regional Banks Struggle with Lost Deposits and Stock Slides.

The stocks of KeyCorp, Comerica, and Zions Bancorp fell after all three reported a drop in deposits and weaker-than-expected quarterly results, as regional banks sustained collateral damage from the collapse of Silicon Valley Bank. Banks that have reported so far have seen deposits drop by about 2% in the quarter, less than the 3% to 3.5% rate suggested by recent Fed data. To win more positive sentiment from investors, it may be necessary for deposit stability to continue for another quarter or two.

via MarketWatch|

#comerica #deposits #finance

finance2 years ago•1 min saved

Bank Stocks Rebound, Driving Market Gains.

Shares of regional banks including KeyCorp, Comerica, and Fifth Third Bancorp are rising as part of a relief rally in the financial sector after several bank names bounced back from heavy selling pressure in recent trading sessions. The rally comes after the collapse of SVB Financial Group sparked contagion fears in the broader financials, resulting in a bank run that ultimately led to the biggest banking collapse since the 2008 financial crisis. The Fed stepped in to inject liquidity into the situation over the weekend and announced plans to create a new Bank Term Funding Program centered around protecting institutions.

via Benzinga|

#bank-run #comerica #fifth-third-bancorp