A series of recent reports highlight the multi-faceted activities of
Comerica Incorporated (NYSE:CMA). Several trades involved the bank's shares, exemplifying both acquisition and divestiture. The bank has also announced its regular dividends and reported growth in its share repurchase authorization.
Comerica Bank continues to positively impact the community by fulfilling the prom dreams of Texas teenagers. At the same time, Old National Bancorp, Tru Independence, Wedge Capital Management, and 1834 Investment Advisors reduced their stake in Comerica, while New England Research & Management, SG Americas Securities, Gradient Investments, and Impact Partnership Wealth acquired shares. Legal scrutiny came when
Scott+Scott Attorneys launched an investigation into alleged breaches of fiduciary duties.
Comerica also faced a lawsuit from the Consumer Financial Protection Bureau (CFPB) for alleged failures related to disabled and older Americans. The bank's Q4 earnings fell short of estimates, linked to higher expenses and weaker asset quality. However, the bank's EPS outperformed projections, indicating a mixed performance. Various brokerage firms have revised their price targets for Comerica, suggesting their ongoing analysts' evaluations.
Comerica Incorporated CMA News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Fri, 31 Jan 2025 14:02:18 GMT -
Rating 0
- Innovation -2
- Information 6
- Rumor -6
