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Showing results for Comerica Managment Company, Inc
...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...
...I think of a bank or indeed any company in this situation as destroying shareholder value, even if it shows profits on its income statement....
...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...
...One is the increasingly concentrated ownership of big listed companies, which enhances the influence of activists....
...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...
...The move comes hours after S&P downgraded Chesapeake Energy deeper into junk territory and took ratings actions on 45 energy exploration companies, writes Anna Nicolau in New York....
...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....
...Under the Bank Holding Company Act, no investor can accrue a stake of more than 10 per cent in a bank without first becoming a bank itself....
...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....
...(FT) Bank of America finance chief Bruce Thompson, who leaves the role after a more than four-year stint amid a managment shake-up....
...● Brandt Daniel has joined Deutsche Asset & Wealth Management as a managing director based in Los Angeles from Comerica Bank’s wealth management division....
...High-profile companies such as Procter & Gamble, KKR Financial and CME Group have issued warnings....
...Other companies were busy in the debt markets in a rush to take advantage of yields that were pushed even lower than they already were by a better-than-average week in the eurozone and the introduction of...
...Comerica’s shares rose 3.2 per cent to $31.86....
...Earnings at the bank, which lends to companies including auto companies, were flat at $96m, owing to a one-off charge related to an acquisition....
...Just 18 per cent of 1,000 small companies knew the truth in one recent survey by Actimize, a banking security company....
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