Amundi, Jones Financial and
AlphaQuest have increased their positions in
Comerica Incorporated, pointing to an uptick in investor interest.
Hedge Funds also view it as one of the most undervalued mid-cap stocks. Despite this, some urge caution over buying Comerica's shares due to the forthcoming dividend, cited as a potential risk. Additional concern arises from
Q4 earnings falling short of expectations, and
Morgan Stanley subsequently lowering Comerica's price target. Legal issues are also present as
Scott+Scott Attorneys investigate potential breaches of fiduciary duties by Comerica's directors and officers. In a positive turn of events, the bank announced dividend declarations and an increase in
share repurchase authorization, which could suggest financial stability. Finally, with the
Comerica Hatch Detroit contest, they continue to support local entrepreneurship.
Comerica Incorporated CMA News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 15 Mar 2025 08:19:08 GMT -
Rating 1
- Innovation -3
- Information 5
- Rumor -8
