There have been multiple transactions in Comerica Incorporated (NYSE:CMA) shares with Cetera Investment Advisers, Focus Partners Wealth, Teza Capital Management, NorthRock Partners, iSAM Funds UK, Quantinno Capital Management, Two Sigma Investments, and others either buying or selling significant stake. Jefferies has initiated coverage on Comerica with an underperform rating bolstered by a $47 price target. Discussion on an investigation into Comerica's fiduciary duties raises concerns. At the Annual Shareholders' Meeting, new board and executive pay package were approve. However, the company missed Q4 earnings estimates, and Q1 earnings are also predicted to decline. For 2025, the loan demand remains soft and outlook disappointing. The company has embarked on a small business initiative and named Eric Teal as Chief Investment Officer. Comerica bank is said to have systematically failed disabled and elderly Americans, leading to a CFPB lawsuit. Meanwhile, Q1 earnings fell short of estimates due to heightened uncertainty, but higher than expected Q1 earnings with increased net interest income and fee income were also reported. Lastly, investment executive Brian Goldman has resigned as Comerica's chief risk officer.
Comerica Incorporated CMA News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 24 May 2025 07:53:20 GMT - Rating -2 - Innovation -1 - Information 8 - Rumor 2
