Comerica Incorporated (NYSE:CMA) has seen significant financial movements and announcements recently. The company has declared dividends of $0.71, followed by the authorization of an increase in share repurchases. Several investment groups, such as TCW Group Inc., Amalgamated Bank, and PL Capital Advisors LLC, have acquired sizeable positions in the company, reinforcing investor confidence. Comerica has picked up recognition for its strength in serving businesses with Coalition Greenwich Awards. Despite a class action lawsuit being raised against them, the overall sentiment remains positive, with the bank enhancing its shareholdings. CMA's fourth-quarter earnings were reported, although they missed estimates and fell short, due to higher expenses and weak asset quality. This has led to mixed guidance and reduced price targets from RBC Capital and JPMorgan. Comerica is also embroiled in a lawsuit filed by CFPB for allegations of systemically failing disabled and older Americans. The bank's future strategy includes a focus on small business banking with the creation of a California team, and the appointment of new executives like Brian Goldman as Chief Risk Officer and Allysun Fleming as Head of Payments.
Comerica Incorporated CMA News Analytics from Tue, 02 Nov 2021 07:00:00 GMT to Sat, 01 Mar 2025 12:40:50 GMT -
Rating 3
- Innovation 1
- Information 6
- Rumor -2
