Company Overview and News

4
Wells Fargo to Trim Headcount by 5-10% Over Three Years

4m zacks
Wells Fargo & Company’s (WFC - Free Report) CEO Tim Sloan, in a bi-monthly meeting held on Thursday, said that the company plans to reduce its workforce by 5-10% in the next three years, as it seeks to transform itself into a more efficient and customer-oriented firm.
WFC WFCNP CMA CMPWW USB BK

 
5 Top Bank Stocks to Buy on Surging Bond Yields

23h zacks
Bond yields rose on Sep 19, extending the week’s climb, as investors took escalating trade related tensions in stride, and focused more on solid economic data and promising corporate outlook. The yield on the 10-year Treasury note, a benchmark for interest rates, has hit a four-month high. The Federal Reserve, in fact, has stepped up the pace of monetary tightening, with Chairman Jerome Powell vouching for a steady path of interest rate hikes.
UBNC CMA BHBK UBSH WTFCW LB WTFPP WTFC FFIN CMPWW WTFCM UNB 3772

 
U.S. Bancorp Delights Shareholders With 23% Dividend Hike

2018-09-19 zacks
Recently, U.S. Bancorp’s (USB - Free Report) board of directors announced a 23% hike in the company’s quarterly common stock dividend. The revised quarterly dividend comes at 37 cents per share compared with the previous figure of 30 cents. This dividend will be paid on Oct15 to shareholders of record as of Sep 28, 2018. This dividend hike is in line with the company’s 2018 capital plan, which also includes a share-repurchase program of up to $3 billion for a four-quarter period which began on Jul 1, 2018.
USB EFSG CMA UNP EFSC

 
Wall Street Strategist Says to Buy Value Now: 5 Top Picks

2018-09-19 247wallst
While a strong dollar is nice for those looking to travel to Europe, it’s not so great for companies looking to sell goods and services abroad, and for numerous reasons the U.S. dollar has strengthened dramatically over the summer and now into the fall. Plus, with interest rates headed higher, many of the momentum stocks that have led the markets over the past five years could start to crack.
CNC CMA CMPWW

45
BofA to Divest Alternative Investment Feeder Funds Business

2018-09-19 zacks
In an effort to further simplify operations, Bank of America (BAC - Free Report) announced that it will divest its businesses that manage alternative investment feeder funds to a financial-technology firm, iCapital Network. The financial terms of the deal, expected to close in first half 2019, has not been disclosed. This business, which collects client money to invest in hedge funds and private equity, manages nearly $20 billion in client holdings.
BAC BAC DB CMA CMPWW

 
Is it Advisable to Add U.S. Bancorp Stock to Your Portfolio?

2018-09-18 zacks
In the Q2 earnings season, the Finance sector turned out to be one of the best performers. Particularly, benefits from a stabilizing economy and improving interest-rate scenario have well positioned the banking industry. Moreover, lower commercial tax rate are likely to boost banks’ profitability further. In addition, relieving banks from some of the stringent requirements of the Dodd-Frank Act has made the companies optimistic of future earnings growth and raised investors’ sentiments as well.
USB TXN EFSG CMA EFSC

 
Why Comerica (CMA) is Poised to Beat Earnings Estimates Again

2018-09-17 zacks
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Comerica (CMA - Free Report) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.
CMA

9
Wells Fargo Faces New Challenge as Business Loans Decline

2018-09-17 zacks
After facing problems in its consumer lending operations, Wells Fargo’s (WFC - Free Report) commercial lending business is also plagued with challenges now. At the Barclays 2018 Global Financial Services Conference, the company’s chief financial officer, John Shrewsberry, revealed a dismal picture for the bank’s loan book. Loan Outlook Shrewsberry pointed out that Wells Fargo’s total loans as of Jun 30, 2018, declined $3 billion sequentially to $944.
WFC WFCNP C CMA CMPWW

 
Is Comerica (CMA) a High-Growth Dividend Stock?

2018-09-14 zacks
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
CY CMA

13
Bulletproof Investing Performance Update, Week 41

2018-09-13 seekingalpha
It has been six months since I presented four hedged portfolios and 10 top names in week 41 of my Marketplace service (March 8). Here's how everything did.
POOL CMA AGEN NFLX NVDA CHE RHT EPAM WWE TWTR ALGT

5
Citigroup (C) Announces Upbeat Expectations, Stock Up 1.6%

2018-09-13 zacks
Following the upbeat expectations announced at the Barclays Global Financial Services Brokers Conference on Wednesday, Citigroup’s (C - Free Report) shares rose more than 1.5% to close at $70.51. The bank’s chief financial officer, John Gerspach, announced the company’s latest outlook for the Sep-end quarter. The Wall Street biggie expects third-quarter 2018 fixed income and equity trading revenues likely to be flat to slightly higher on a year-over-year basis.
C STI CMA STI-A

1
HSBC to Add 700 Staff and Double Client Assets in Asia Unit

2018-09-12 zacks
With an aim to expand business in Asia, HSBC Holdings plc (HSBC - Free Report) plans to add nearly 700 people in its Asia private banking unit by 2022. Additionally, the company aims to double its Asia-based client assets in eight years, per Reuters. HSBC’s private banking unit, which caters to the rich, serves clients with more than $5 million of investable assets. On the other hand, those with less than $5 million of assets are served by the bank’s retail banking and wealth management division.
CMA HCS CMPWW HSB 0005 ONDK STI STI-A HSEA HSEB HSBC HBCYF

 
CMA / Comerica, Inc. 8-K (Current Report)

2018-09-11 sec.gov
Document UNITED STATES
CMA

5
Huntington (HBAN) Up 10.9% YTD: What's Driving the Stock?

2018-09-11 zacks
Of late, the finance sector has been putting up an impressive performance, with some monthly volatility. The United States’ economic health, on which this sector is largely dependent, has been displaying steady improvement with increasing real GDP numbers, declining unemployment rate, improving consumer spending and stabilizing housing market. A stronger-than-expected U.S. payroll data released last week has raised expectations for the Fed interest rate hike in September — the third this year.
HBAN HBANN HBANO HBANP STI CMA STI-A MPC

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Silicon Investor Message Boards

This table lists all message boards related to CMA / Comerica, Inc. on message board site Silicon Investor.

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CUSIP: 200340107