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Fifth Third Bancorp boosted its Q3 profit by 14% to $608 million (91 cents/share), thanks to strong fee income growth. The bank’s non-interest income rose to $781 million, a 10% jump from a year ago, led by an 11% increase in wealth and asset management fees and a 16% surge in mortgage banking fees. Net…
Fifth Third Bancorp has announced plans to acquire Comerica Inc. in an all-stock deal worth $10.9 billion, marking one of the biggest U.S. regional bank mergers in recent years. The move will create the ninth-largest bank in the country, signaling a major shift in the regional banking landscape. Under the agreement, Comerica shareholders will receive…
