Shares of Comerica Incorporated (NYSE:CMA) have seen some significant movement, with both purchases and sales by major financial organizations. Principal Financial Group and BNP Paribas Financial Markets have scaled down their stakes, while State Street Corp, Stifel Financial Corp, and Azora Capital LP grew their positions. The corporation had an impressive earnings performance in 2024's Q2 and Q3, with both beating estimates. Despite facing a lawsuit from CFPB for alleged mishandling of accounts of disabled and older Americans, Comerica has managed to sustain growth. Further, Comerica has demonstrated its commitment to shareholder returns with a share buyback program and steady dividends. Nonetheless, the bank faces the potential loss of an exclusive Treasury contract and dealt with decreased Net Interest Income (NII) guidance. The company also reported a three-year decrease in earnings, resulting in an 18% loss for investors.
Comerica Incorporated CMA News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Tue, 24 Dec 2024 09:34:30 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -3
