Comerica Incorporated (CMA) has seen various investment organizations altering their stock holdings recently, even as the bank has consistently underperformed in comparison with its competitors. New York Life Investment Management, Natixis Advisors L.P., and Los Angeles Capital Management are among the investing groups that have increased their stakes in Comerica. However, Federated Hermes, Russell Investments, and the New York State Common Retirement Fund have reduced their positions. The bank has also declared common and preferred stock dividends and is acclaimed as an atypical super-regional bank. Citi has, however, downgraded the bank. Amid strategic shifts and economic uncertainty, Comerica has reported mixed results. In personnel news, Floyd Kessler has been named as the new EVP, Chief Business Risk, and Controls Officer, and Larry Franco as the EVP, National Director of Retail Banking & Operations. The bank's Q1 2024 earnings are expected to decline while it continues to be primarily held by institutional shareholders. The bank's Q4 2023 earnings beat estimates but NII declined Y/Y. Shareholders have been warned about a lawsuit, and Comerica has streamlined its board and approved new incentives.
Comerica Incorporated CMA News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Wed, 08 May 2024 10:39:55 GMT -
Rating -3
- Innovation 5
- Information 7
- Rumor -4
