Comerica Incorporated (CMA) has reported a
series of events that influenced its
share performance. The financial institution will distribute
$0.60 dividends to its shareholders. However, Teacher Retirement System of Texas and Swiss National Bank sold off huge lots of CMA shares. In contrast,
Kingsview Wealth Management LLC, Private Advisor Group LLC, and
M&T Bank Corp increased their stake in the company.
New Executive appointments were made with Larry Franco and Floyd Kessler occupying key positions in Retail Banking & Operations and Chief Business Risk and Controls Officer, respectively. The company's
stock performance showed varying degrees of overperformance and underperformance against competitors.
Comerica's Q1 2024 ROE might decline, and the company reported mixed results amid
economic uncertainty and
strategic shifts. Notably,
institutional shareholders now control 82% of the company. Also, insider sell-off occurred when EVP Cassandra McKinney sold 7,271 shares. Meanwhile, the company has made strides with Loan Growth despite rising expenses.
Comerica Incorporated CMA News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 15:22:34 GMT -
Rating 1 (Neutral
- Innovation -4 (Minor
- Information 8 (Informa
- Rumor 1 (Neutral
