Various major financial institutions have made prominent shifts in their holdings of Comerica Incorporated (NYSE:CMA). These entities include Beacon Financial Group, The Goldman Sachs Group Inc, Clear Street Markets LLC, and KBC Group NV among others. Despite certain times of underperformance compared to competitors, Comerica's share have also had days of outperforming the competition. Several adjustments in share price targets have been made by analysts with amounts fluctuating between $45.00 to $58.00. The company's recent dividend declaration stands at $0.71 per quarter. While it currently holds a consensus “Hold” recommendation from brokerages, a downgrade in performance rating followed a gap down in the company's shares. Despite this, Comerica declares common and preferred stock dividends and is deemed an unusual super regional bank. Recent shifts in Comerica's strategic approach amid economic uncertainty was brought up. The company has shared results from annual shareholder's meetings and Q4 2023 and Q1 2024 earnings call transcripts. It was reported that Comerica Bank has made key appointments in executive positions while entering into an agreement with OCC over compliance issues. Institutional shareholders reportedly control 82% of the company. The bank reports growth in loans amidst rising expenses, while it faces agreement issues with OCC and share downgrades.
Comerica Incorporated CMA News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sun, 16 Jun 2024 14:23:26 GMT - Rating -1 - Innovation 5 - Information 8 - Rumor -2
