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Showing results for Comerica Bank v. Citizens Bank N.A.
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...Profits at Fifth Third plunged nearly 30 per cent in the quarter compared with the same period a year ago, while profits at Citizens fell about 70 per cent....
...Comerica, based in Dallas, reported that its profits fell by nearly 30 per cent from the same quarter a year ago....
...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....
...The US markets take a break on Monday for Martin Luther King Day, but then we’re back into the thick of earnings season with the tail-end of the big US bank reports and a clutch of results from non-financial...
...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...
...Finally, a reminder of the launch this week of the FT’s central banks newsletter by Chris Giles....
...Dallas-based Comerica on Thursday reported a 9 per cent drop in deposits to $64.7bn....
...PNC Financial, Truist, Fifth Third Bancorp, M&T Bank, Huntington Bancshares, Comerica, Zions Bancorp, US Bancorp, Citizens Financial, Regions Financial and Key Corp all delivered year-on-year growth in quarterly...
...The interest in lenders including Citizens Financial and KeyBank, as well as Charles Schwab, an investment group with a banking licence, reflects the trouble facing midsized lenders....
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...As always you can reach me at sid.v@ft.com....
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...N R Bhanumurthy, vice-chancellor of the Dr B R Ambedkar School of Economics University....
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...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. Join us on May 4 for our subscriber only, Elon Musk Twitter Takeover Webinar....
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...So far, the country has recorded 13 cases of the Delta variant -- all from returning citizens....
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