Comerica Incorporated (CMA), an American financial services company, remains in the industry news due to substantial stock movements and strategic financial plans. Renaissance Technologies LLC reduced its Comerica holdings by 319,700 shares and AE Wealth Management LLC sold 73,308 shares. Conversely, Point72 Europe London LLP took a positive stance and bought 93,400 shares. Several analysts have forecasted CMA's future earnings and predictions suggest an overall bullish trend. Comerica reported Q2 2024 earnings surpassing analysts' estimates but offered weaker Net Interest Income (NII) guidance. The move has prompted Truist to downgrade Comerica to 'Hold' from 'Buy'. Despite some pressures, CMA touched a 52-week high of $58.53 and declared both common and preferred stock dividends. In terms of governance, Comerica Bank appointed Tim Maiden and Floyd Kessler to key positions. The bank also partnered with Grand Rapids Griffins for a social initiative and expanded its focus to small business in California. However, there have been reports of a technological glitch in their wealth unit. Looking ahead, Comerica aims to improve its earnings with scheduled participation in Barclays' Global Financial Services Conference and the announcement of a $1 Billion Senior Notes offering.
Comerica Incorporated CMA News Analytics from Mon, 22 Aug 2022 07:00:00 GMT to Sat, 28 Sep 2024 13:37:17 GMT -
Rating 1
- Innovation -2
- Information 5
- Rumor -3
