Comerica Incorporated (CMA) recently experienced several noteworthy developments. A potential recovery for investors affected by the stock drop is under investigation by Levi & Korsinsky, who's pursuing a class action lawsuit. Also, the company's shares are up 21.2% YoY, drawing interest from GAMMA Investing LLC and Wellington Management Group LLP. Eric Teal was named as the new Chief Investment Officer, succeeding the notable generation of shareholders backing the company. The upcoming Q1 2025 earnings call expects a dip, tainted by rising expenses and low loan demand. The expectation is mirrored in the Q4 Earnings, which also expected a decrease. Comerica Incorporated (CMA) also saw investments from Universal Beteiligungs und Servicegesellschaft mbH and ProShare Advisors LLC. An alleged breach of fiduciary duties by board directors and officers is being investigated by Scott+Scott Attorneys. Amidst these developments, Comerica announced dividends and increased share repurchases, though the company's outlook for 2025 is disappointing.
Comerica Incorporated CMA News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 00:46:27 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -7
