Hints and tips:
...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....
...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...
...Western Alliance, Comerica, KeyBank and Zions, which attracted negative attention in March for their large securities losses or concentration of uninsured deposits, or both, have all rallied by 25 per cent...
...Here is its price to tangible book value ratio, compared with those of JPMorgan Chase and the large regional bank Comerica: It is not surprising that Citi’s valuation should lag behind JPMorgan Chase, the...
...Dallas-based Comerica on Thursday reported a 9 per cent drop in deposits to $64.7bn....
...Once seen as the future of finance, the plans of companies such as Affirm, Dave Inc, MoneyLion and Upstart Holdings to take on established financial institutions are fizzling out....
...The regional banks reporting next week include Comerica, Western Alliance and Zions Bank, all of which had their share prices fall sharply during the turmoil in March....
...Here are the five shorts, with their returns: Comerica Inc (a highly rate-sensitive regional bank): -32 per cent Infineon Technologies (chips, Germany): -21 per cent News Corp (digital and print media...
...Shares in Comerica, with $70n in assets, shot up as 5 per cent on Thursday. Huntington, a $110bn bank, rose 4 per cent as did $140bn KeyCorp....
...Shareholder activists have also begun to flex their muscles, calling for fresh ways to boost returns at Ally Financial, Comerica, Citigroup, Morgan Stanley and Regions Financial, among others....
...That should be a boon for mid-sized banks such as Silicon Valley Bank, Fifth Third, KeyCorp and Comerica, which would be released from the public stress test known as the Comprehensive Capital Analysis and...
...Not good enough, said one investor in Comerica, who likened the measure to “bringing out a water pistol.”...
...S&P lowered ratings on BOK Financial, Comerica, Cullen/Frost Bankers, and Texas Capital Bancshares — and holds a negative outlook on the banks to “reflect our concern that the downturn in oil and natural...
...Meanwhile, the trouble in the oil patch has already inflicted particular damage on banks exposed to energy with lenders including JPMorgan, Comerica and BB&T pre-announcing hits to earnings in recent months...
...According to Barclays, more than half the deposits at Comerica — the Texas-based lender the analysts regard as the most interest rate sensitive of the 22 banks they track — are in “non-interest bearing”...
...At the same time, Hudson announced it had taken a stake in Comerica, a regional bank with between $50bn and $100bn in assets....
...Others on PL’s potential hit-list — between $5bn and $75bn in assets, and a single-digit ROE — include Comerica, a Dallas-based lender getting to grips with the oil slump, and Zions Bancorp, a Salt Lake...
...During the first six months of the year, rising non-performing loan ratios were mostly confined to lenders with outsized oil and gas exposures, such as Comerica and Capital One, noted Barclays....
...Matthew Coombe and Patrick Menerey have both joined as private bankers in Los Angeles from Comerica Bank....
...● Brandt Daniel has joined Deutsche Asset & Wealth Management as a managing director based in Los Angeles from Comerica Bank’s wealth management division....
...Comerica, a bank with $63bn in assets, told analysts that while it saw a “very significant increase” in credit commitments, customers are not taking advantage by borrowing....
...Comerica’s shares rose 3.2 per cent to $31.86....
...Comerica’s results, equating to adjusted earnings of 60 cents a share, easily beat analysts’ expectations of 51 cents....
...… In the end, the case pivoted on whether Comerica’s practices were commercially reasonable, whether any reasonable practice must include forthright behaviour or “fair dealing” and whether Comerica’s...
...Hospira Inc fell 23.2 per cent to $29.26 after the maker of drugs for injection, said an FDA probe into its largest manufacturing plant had hit output....
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