The latest updates on Comerica Incorporated (CMA) capture a varied range of conditions and predictions. Despite predictions of a decline in Q4 earnings, the company has declared an increase in share repurchase authorization and dividends. Wall Street has forecasted key metrics for the Q4 outlook, and Comerica has announced Q3 2024 earnings results. Everence Capital Management Inc. has reduced its shares in CMA, while JPMorgan Chase & Co. boosted its stake. The company's position also strengthens as it's favored by 82% of institutional investors.
CMA is under legal fire following a lawsuit from the Consumer Financial Protection Bureau (CFPB) over allegations of failing disabled and older Americans. Additionally, Comerica Bank has lost its Direct Express contract after 15 years, which likely influenced recent stock underperformance. Still, the company maintains positive momentum with a share repurchase plan and consistent dividends.
Company performance measures and earnings estimates have been the focus product launches or mergers. Comerica also participated in the Barclays Global Financial Services Conference and the Goldman Sachs Financial Services Conference.
Comerica Incorporated CMA News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Fri, 17 Jan 2025 22:26:00 GMT - Rating -2 - Innovation 0 - Information 7 - Rumor -3
