Comerica Incorporated (CMA) announced an increase in
share repurchase authorization along with dividend declarations. There has been a legal tussle with the CFPB, suing the bank for allegedly mishandling disabled and older Americans' accounts. Analysts indicate a
$66.67 average price target for CMA, with many noteworthy transactions by various firms including Bridgewater, Atom Investors, Azora Capital, Verition Fund Management, and others. Comerica has underperformed against competitors on certain days but also recorded market rises. The company is participating in the Goldman Sachs 2024 US Financial Services Conference and announced Q4 2024 earnings review plans.
Shareholders have remained positive despite the recent market cap drop.
Jeff Galvin achieved successful growth strategies, maintaining
$0.71 dividends while boosting buybacks by 10M shares. The third quarter 2024 earnings reports indicate strong net income and a strategic stock repurchase plan, with an EPS of $1.33 beating estimates.
Positive sentiment surrounds CMA, and despite the deposit headwinds, optimism remains. CMA continues to be a popular choice among
institutional investors and touching a 52-week high on several occasions. Comerica is likely to face compliance issues as indicated by the OCC agreement.
Comerica Incorporated CMA News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Sat, 07 Dec 2024 22:28:14 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
