Comerica Incorporated (NYSE:CMA) has seen a mix of trends lately. The **Teachers Retirement System of The State of Kentucky** and **LHM Inc** have increased their shareholdings, while **The Manufacturers Life Insurance Company** and **Bank of Montreal** have reduced theirs. Interestingly, despite a decline in Q2 2024 profit, Comerica still managed to top both Q2 earnings and revenue estimates. However, some challenges loom, with lower loan and high costs expected to hurt the bank's Q2 earnings. The stock has both underperformed and outperformed competitors on different occasions. An agreement with OCC over compliance issues has been reported. New executive appointments include **Floyd Kessler** and **Tim Maiden**. Concerns remain, like the potential loss of an exclusive Treasury contract, and potential regulatory scrutiny over technology issues at the bank's wealth unit. Nevertheless, **strong earnings amid deposit and loan challenges** and **increased dividends** signal substantial resilience. Stock forecasts are mixed, with both up and down adjustments from different analysts.
Comerica Incorporated CMA News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sat, 05 Oct 2024 11:11:09 GMT -
Rating 0
- Innovation 6
- Information 8
- Rumor -2
