Fifth Third Bancorp (NASDAQ:FITB) is one of the stocks Jim Cramer shared his takes on. Answering a caller’s query about the stock, Cramer remarked:
“Yeah, FITB, this is a good combination. I’ve wanted it. They are going to bring some, they will bring some discipline to Comerica. I think it’s a buy.”
A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels
Fifth Third Bancorp (NASDAQ:FITB) provides financial services, including commercial and consumer banking, lending, mortgages, and cash management, along with wealth and asset management services, investment planning, and advisory solutions. On January 6, the firm announced that shareholders of Fifth Third Bancorp (NASDAQ:FITB) and Comerica approved their merger, expected to close in Q1 2026. The Chairman, CEO, and President of Fifth Third, Tim Spence, said:
“By combining Fifth Third’s award-winning retail and digital capabilities with Comerica’s middle market banking franchise, we’ll create a more dynamic, resilient institution with the scale and capabilities to deliver exceptional value for our customers, communities, and shareholders. Together we’ll form the ninth largest US bank with $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large markets in the U.S.”
While we acknowledge the potential of FITB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.