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Stock Market & Financial Investment News

News Breaks
March 26, 2014
17:53 EDTCMAComerica to repurchase $236M worth of common stock
Comerica Incorporated announced that after the Federal Reserve had completed its 2014 Comprehensive Capital Analysis and Review, it did not object to the Comerica capital plan and capital distributions contemplated in the plan. Comerica's capital plan provides for up to $236M in share repurchases for the four-quarter period commencing in Q2. In addition, Comerica's capital plan includes the authority to redeem $150M of subordinated notes due 2018 when callable at par later this year. On January 21, and as part of its 2013 capital plan, Comerica announced that its board increased the quarterly cash dividend for common stock 12% to 19c per share, payable April 1 to common stock shareholders of record on March 14. The 2014 capital plan, which was approved by Comerica's board, further contemplates a 1c increase in Comerica's quarterly dividend to 20c per common share, a 5% increase over the current dividend rate. The dividend proposal will be considered by the board at its next scheduled meeting on April 22.
News For CMA From The Last 14 Days
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October 20, 2014
09:13 EDTCMAComerica downgraded to Hold from Buy at Rafferty Capital
Rafferty downgraded Comerica to Hold based on concerns the company will not be able to maintain its net interest income combined with operating expenses over the next few quarters. Price target lowered to$48 from $59. Note that Bernstein, Nomura, and Sandler O'Neill upgraded shares this morning.
08:16 EDTCMAComerica upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill upgraded Comerica to Buy with a $49 price target due to valuation and increased confidence in cost controls. Note this is the third upgrade of the day.
06:49 EDTCMAComerica upgraded to Neutral from Reduce at Nomura
Nomura upgraded Comerica to Neutral based on reasonable valuation. Price target lowered to $41 from $42. Note that Bernstein upgraded shares to Market Perform this morning.
05:55 EDTCMAComerica upgraded to Market Perform from Underperform at Bernstein
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October 17, 2014
06:47 EDTCMAComerica now sees FY14 average loans growth of about 5%
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06:47 EDTCMAComerica sees slight growth in average loans in Q4
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06:42 EDTCMAComerica reports Q3 EPS 82c, consensus 80c
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