Comerica Incorporated (CMA) consistently remained a subject of discussion with various stock positions being raised, including those by
Cwm LLC and
OLD National Bancorp IN. The company also topped
Q2 earnings and revenue estimates, but also experienced a drop following weaker NII (Net Interest Income) guidance. Various shares were sold off by distinct entities like
Oppenheimer & Co. Inc. and
Tidal Investments LLC. There are concerns over its
exclusive contract with the treasury. The corporation also saw mixed results amid strategic shifts and economic uncertainty. PT (Price Target) was revised to
$61.00 by Morgan Stanley, while it also entered an agreement with OCC over compliance issues. Moving forward, CMA displayed a strong dividend yield, but high expenses continue to be a challenge. The bank appointed
Tim Maiden and
Floyd Kessler in executive positions. Additionally, shares of CMA were acquired by multiple firms like
Leuthold Group LLC and
US Bancorp DE. Lastly, the company is expected to earn Q3 2024 earnings of
$1.20 per share.
Comerica Incorporated CMA News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Sun, 11 Aug 2024 15:14:48 GMT -
Rating -4
- Innovation 1
- Information 4
- Rumor -2
