Comerica Incorporated (CMA) has been a center of attention for several major investors. Companies like State Street Corp, Stifel Financial Corp, Kovitz Investment Group Partners LLC, and others are increasing their stake in Comerica Inc. Comerica's stock has showcased robust performance, significantly outperforming competitors on multiple occasions, proving attractive to investors. The company also declared dividends and announced a boost in their share repurchase authorization. Q3 reports suggest Comerica topped estimates, with strong trading days and substantial net income. However, Comerica has faced some challenges. Notably, Comerica Bank is facing a lawsuit for the alleged mishandling of a federal benefits program for older and disabled Americans. The bank also shared news on its significant Direct Express Contract. After 15 years, the bank will transfer the contract under a 3-year transition deal. Despite these headwinds, investors seem to remain optimistic about their upside potential.
Comerica Incorporated CMA News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Fri, 13 Dec 2024 22:22:00 GMT -
Rating 6
