Comerica Incorporated (CMA) has seen a
7.2% rise since its last earnings report and has declared dividends and announced an increase in
share repurchase authorization. There's speculation whether it’s the best local bank stock to buy now. Meanwhile, New Mexico Educational Retirement Board has invested
$1.68 Million in Comerica. The Q4 earnings of Comerica missed estimates due to lower NII, but fee income rose. However, Scott+Scott Attorneys are investigating Comerica's directors and officers for a potential breach of fiduciary duties.
Troy Norris has been named as the Arizona Market President for Comerica Bank. The bank is under pressure after a mixed Q4. Amid this, Comerica is set to participate in the 2025 RBC Capital Markets Global Financial Institutions Conference. The Q3 earnings highlighted strong net income and strategic stock movements, yet higher expenses and weak asset quality are expected to hurt the Q4 earnings. Comerica has been sued by
CFPB for allegedly failing disabled and older Americans. Despite the turmoil, Comerica has touched a 52-week high and maintains a $0.71 dividend amidst its growth strategy.
Comerica Incorporated CMA News Analytics from Tue, 22 Sep 2020 07:00:00 GMT to Fri, 21 Feb 2025 16:30:23 GMT -
Rating 1
- Innovation 2
- Information 6
- Rumor 0
