Comerica Incorporated (CMA) is amidst several important actions and activities. A class action lawsuit is underway to recover potential losses for investors affected by a stock drop. The company surpassed Q1 earnings estimates while also declaring dividends on both common and preferred stocks. Additionally, CMA found recent support in substantial stock acquisitions by Point72 Hong Kong Ltd and Graham Capital Management L.P. However, its Chief Risk Officer Brian Goldman has resigned, and an annual shareholders' meeting unveiled results. The bank has clearly been lending its active support to local businesses, launching a business contest for Detroit startups, and working with the Detroit Tigers to assist small businesses. However, the company failed to meet Q4 earnings estimates. CMA has appointed Eric Teal as Chief Investment Officer who is now in charge of a sizable $77.6B investment strategy. The firm's dividend yield is calculated to be 5.24% with a potential upside of 9.34%. However, both loan demand and the 2025 outlook have been disappointing. Although there is a strong institutional backing with an 83% ownership, there are concerns about high expenses and muted loan demand for the bank.
Comerica Incorporated CMA News Analytics from Fri, 18 Oct 2024 07:00:00 GMT to Sat, 17 May 2025 11:42:17 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -1
