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Fifth Third's $11B Deal Raises Wealth Management Concerns

10/31/2025

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Summary

Story summary

Fifth Third Bank's $11 billion acquisition of Comerica Bank raises questions about Comerica's wealth management with Ameriprise.
Jim Cracchiolo, CEO of Ameriprise, did not clarify whether the deal would trigger advisor departures.
Despite some advisor losses, Ameriprise posted a 29.5% profit margin in the third quarter.
Fifth Third Bank is upgrading its mobile app with a new financial hub to streamline banking tasks.

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Story summary

Fifth Third Bank's $11 billion acquisition of Comerica Bank raises questions about Comerica's wealth management with Ameriprise.
Jim Cracchiolo, CEO of Ameriprise, did not clarify whether the deal would trigger advisor departures.
Despite some advisor losses, Ameriprise posted a 29.5% profit margin in the third quarter.
Fifth Third Bank is upgrading its mobile app with a new financial hub to streamline banking tasks.