UBS AM, a separate entity of
UBS ASSET MANAGEMENT AMERICAS LLC, currently holds a stake worth $29.24 million in
Comerica Incorporated. Furthermore,
Comerica has disclosed its participation in the 2025 Morgan Stanley US Financials Conference. Key financial updates are expected in back-to-back events in June and July, as
Comerica pays out a dividend of $0.71. Bearish considerations include higher expenses and weak asset quality, which could impact the bank's Q4 earnings negatively. Reputable corporations, among them Mackenzie Financial Corp and ProShare Advisors LLC, have considerable investments in
Comerica. The company's Q1 earnings surpassed expectations, yet Q4 figures fell short.
Comerica is viewed by some billionaires as one of the best banking stocks, however, it is cautioned that higher expenses and subdued loan demand may hamper Q1 results.
Comerica Bank partnered with Detroit Tigers to support Metro Detroit's small businesses, and it has announced an increase in share repurchase authorization.
Comerica recently appointed Eric Teal as the Chief Investment Officer. Notwithstanding, Comerica's loan demand remains soft, and the 2025 outlook is somewhat disappointing.
Comerica Incorporated CMA News Analytics from Tue, 05 Nov 2024 08:00:00 GMT to Sat, 31 May 2025 23:50:31 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -2
