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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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May 20, 2015
10:00 EDTCMAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
06:39 EDTCMAComerica downgraded to Underperform at Baird
As previously reported, Baird downgraded Comerica to Underperform from Neutral and increased its price target to $44 from $40. The firm downgraded shares due to below consensus 2016 earnings estimates, and lower NIM and loan growth forecasts.
06:16 EDTCMAComerica downgraded to Underperform from Neutral at Baird
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