Comerica (CMA) Shares Jump 3.4% on Q4 Earnings Beat, Acquisition by Fifth Third Ongoing

Comerica (CMA) stock rose 3.4% to $96.64 in afternoon trading on January 21, 2026, after reporting fourth-quarter adjusted earnings of $1.46 per share, surpassing the consensus estimate of $1.28. The bank’s net interest income, fee income, and deposit balances drove results. Quarterly revenue climbed 3.3% year-over-year to $850 million, while net income available to common shareholders increased 3.5%. The strong report comes as Comerica prepares for its acquisition by Fifth Third Bancorp in a $10.9 billion all-stock deal, offering 1.8663 Fifth Third shares per Comerica share—a 17% premium at announcement four months ago. The combined entity will rank among the top ten U.S. banks with nearly $290 billion in assets. CMA has gained 9% year-to-date and hit a 52-week high. Over the past year, it recorded only eight moves exceeding 5%, underscoring the significance of today’s reaction.