Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 377

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 377
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OCIATION      |
| By:                                         |
| Name:                                       |
| Title:                                      |

[ Bank Merger Agreement - Signature Page] EXA-7

ANNEX B 200 West Street | New York, NY 10282-2198 Tel: 212-902-1000| Fax: 212-902-3000 PERSONAL AND CONFIDENTIAL October 5, 2025 Board of Directors Fifth Third Bancorp 38 Fountain Square Plaza Cincinnati, Ohio 45263 Ladies and Gentlemen: Attached is our opinion letter, dated October 5, 2025 (“Opinion Letter”), with respect to the fairness from a financial point of view to Fifth Third Bancorp (the “Company”) of the exchange ratio of 1.8663 shares of common stock, without par value, of the Company to be issued in exchange for each share of common stock, par value $5.00 per share, of Comerica Incorporated (“Comerica”) pursuant to the Agreement and Plan of Merger, dated as of October 5, 2025, by and among the Company, Fifth Third Financial Corporation, a wholly-owned subsidiary of the Company, Comerica and Comerica Holdings Incorporated, a wholly-owned subsidiary of Comerica. The Opinion Letter is provided for the information and assistance of the Board of Directors of the Company in connection with its consideration of the transaction contemplated therein and is not to be used, circulated, quoted or otherwise referred to for any other purpose, nor is it to be filed with, included in or referred to in whole or in part in any registration statement, proxy statement or any other document, except in accordance with our prior written consent. Very truly yours,

| /s/ Goldman Sachs & Co. LLC |
| (GOLDMAN SACHS & CO. LLC)   |

B-1

200 West Street | New York, NY 10282-2198

Tel: 212-902-1000 | Fax: 212-902-3000

PERSONAL AND CONFIDENTIAL

October 5, 2025

Board of Directors

Fifth Third Bancorp

38 Fountain Square Plaza

Cincinnati, Ohio 45263

Ladies and Gentlemen:

You have requested our opinion as to the fairness from a financial point of view to Fifth Third Bancorp (the “Company”) of the exchange ratio (the
“Exchange Ratio”) of 1.8663 shares of common stock, without par value (the “Company Common