Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 126

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 126
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 Comerica to their respective shareholders or stockholders, as 
 applicable;                                                                                                     |

| • |     | certain publicly available research analyst reports for Fifth Third and Comerica; |

| • |     | certain internal financial analyses and forecasts for Comerica prepared by its management; and |

| • |     | certain internal financial analyses and forecasts for Fifth Third standalone and pro forma for the mergers and                                                                                                                   
 certain financial analyses and forecasts for Comerica on a standalone basis and giving effect to the mergers, in each case, as prepared by the management of Fifth Third and approved for Goldman Sachs’ use by Fifth Third (the 
 “Forecasts” and which are summarized in the section entitled “The Mergers—Certain Unaudited Prospective Financial Information” beginning on page 103), including certain operating synergies projected by the                    
 management of Fifth Third to result from the mergers, as approved for Goldman Sachs’ use by Fifth Third (the “Synergies” and which are summarized in the section entitled “The Mergers—Certain Unaudited Prospective             
 Financial Information” beginning on page 103).                                                                                                                                                                                   |

87

Goldman Sachs also held discussions with members of the senior managements of Fifth Third and Comerica
regarding their assessment of the past and current business operations, financial condition, and future prospects of Comerica and with the members of senior management of Fifth Third regarding their assessment of the past and current business
operations, financial condition and future prospects of Fifth Third and the strategic rationale for, and the potential benefits of, the mergers; reviewed the reported price and trading activity for the shares of Fifth Third common stock and the
shares of Comerica common stock; compared certain financial and stock market information for Fifth Third and Comerica with similar information for certain other companies the securities of which are publicly traded; reviewed the financial terms of
certain recent business combinations in the banking industry; and performed such other studies and analyses, and considered such other factors, as it deemed appropriate.

For purposes of rendering this opinion, Goldman Sachs, with the Fifth Third board of directors’ consent, relied upon and assumed the accuracy and
completeness of all of the financial, legal, regulatory, tax, accounting and other information provided to, discussed with or reviewed by, it, without assuming any responsibility for independent verification thereof. In that regard, Goldman Sachs
assumed with Fifth Third’s consent that the Forecasts, including the Synergies, were reasonably prepared on