According to InvestingPro data, Comerica currently trades at a P/E ratio of 15.3x with a market capitalization of $10.29 billion. The acquisition provides Fifth Third with strategic entry into the high-growth Texas market and strengthens its middle market banking business, according to DA Davidson's analysis. While noting that Comerica faced challenges including a high efficiency ratio and deposit pressures, DA Davidson highlighted the target company's strong middle market franchise and "best in class credit metrics." The research firm also pointed to Comerica's branches in growth markets as a positive factor in the strategic rationale for the transaction. In other recent news, Fifth Third Bancorp announced its acquisition of Comerica Incorporated, prompting Moody's Ratings to affirm Fifth Third's ratings while changing its outlook to negative.