Comerica Incorporated (CMA) has seen a mixed bag of critical developments recently. The California State Teachers Retirement System and Public Employees Retirement System of Ohio have both sold their CMA shares. Furthermore, the bank has been downgraded to 'sell' by StockNews.com and Truist following a weakened NII outlook. CMA's share value experienced fluctuations, with highs during strong trading days, but also significant drops following this downgrade and compliance issues with the OCC. Despite this, CMA managed to top Q2 earnings and revenue estimates, but also revealed a profit decrease for Q2 2024. Interestingly, it's considered an unusual super-regional bank, which may have contributed to its results. Comerica Bank has entered community initiatives and made several executive appointments, which could impact future company dynamics. Given an average recommendation to 'hold' shares by analysts, the bank has a dividend of $0.71 and is largely controlled by institutional shareholders owning about 82% of the company. One notable sale by insider EVP Cassandra Mckinney may suggest internal reactions to company performance.
Comerica Incorporated CMA News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 19:14:03 GMT -
Rating -3
- Innovation 0
- Information 6
- Rumor -2
