Hints and tips:
...So what can this tell us about other banks? The analysts find that bonds of Comerica, Zions Bancorporation and Huntington Bancshares trade cheap, with Huntington posing the “lowest CRE risk”....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...Like Regions, Comerica lowered its outlook for interest income for the rest of the year. Comerica’s shares were down just over 6 per cent....
...Here for example is interest income and interest expense, and the sum of the two, net interest income, at Comerica: Net interest income at Comerica has fallen in recent quarters as deposit costs have caught...
...Just 14 per cent of the bank’s securities were pledged a year ago. Comerica’s stock has rebounded 65 per cent from its early May low to just over $50 a share....
...Dallas-based Comerica advanced 6.6 per cent, making it one of the top performers in the S&P 500 during lunchtime trading on Monday....
...rate data Japan: December CPI inflation rate data (AM local time) UK: December retail sales figures US: University of Michigan January consumer sentiment survey Results: Burberry Q3 trading update, Comerica...
...Rating agency Standard & Poor’s on Monday night lowered its ratings on five US regional banks — Associated Banc Corp, Comerica, KeyCorp, Valley National and UMB Financial — assigning “stable” outlooks to...
...Bank....
...This is visible, for example, in the sharp move up in bank stocks, especially higher-risk regional banks such as Fifth Third, Citizens, KeyCorp, Zions and Comerica (all up 40 per cent or more since late...
...“A good retail sales report will make the Fed less worried about recession risk and keep them focused on controlling inflation,” said Bill Adams, chief economist for Comerica Bank....
...Among other regional lenders, Western Alliance shed 8 per cent, First Horizon and Comerica dropped about 4 per cent and Zions Bancorp fell almost 3 per cent. Read more on PacWest here...
...PacWest, Western Alliance, Comerica and Zions Bancorp were among the US regional lenders swept up in a fresh round of sell-offs Tuesday....
...Netflix and Tesla open the run of quarterly tech results this week, while Goldman Sachs, Bank of America, BNY Mellon and Morgan Stanley bring to a close the earnings reports from Wall Street banks....
...Moody’s took similar action on other regional banks, including Western Alliance, Zions Bancorporation and Comerica, but shares in those lenders were up 39 per cent, 13 per cent and 7 per cent, respectively...
...Smaller banks that have come under pressure from investors following the collapse of SVB, including PacWest and Comerica, were not included in the stress tests....
...“After a punishing stretch of high inflation that eroded consumers’ purchasing power, the fever is breaking,” said Bill Adams, chief economist at Comerica Bank....
...Shares in several regional banks were lower....
...of Silicon Valley Bank....
...A 65 per cent drop for First Republic, a 39 per cent tumble for Zions Bancorporation and a 32 per cent slide for Comerica made them the three worst performers in the S&P 500....
...Comerica and Utah-based Zions Bancorp were among the biggest fallers on the S&P 500 index, dropping 12.4 per cent and 10.8 per cent respectively....
...European markets traded cautiously, as traders tried to gauge the next policy move of the European Central Bank, due to announce its decision on interest rates next Thursday....
...Zions Bancorp and Comerica gave up 12.1 per cent and 12.3 per cent respectively. Metropolitan Bank fell 6.4 per cent....
...that performed the very worst when Silicon Valley Bank and First Republic failed....
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