Comerica Incorporated (CMA) Shares Slide -0.48%

Comerica Incorporated (CMA) has risen sharply, recording gains of 11.16% in the past 4 weeks. However, the stock has corrected -0.48% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.75% and the 50-Day Moving Average is 3.69%. Comerica Incorporated is up 2.4% in the last 3-month period. Year-to-Date the stock performance stands at 9.32%.


Comerica Incorporated (NYSE:CMA): On Fridays trading session , Opening price of the stock was $45.6 with an intraday high of $45.81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.135. However, the stock managed to close at $45.24, a loss of 0.96% for the day. On the previous day, the stock had closed at $45.68. The total traded volume of the day was 1,414,517 shares.

Comerica Incorporated is a financial services company. The Companys principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition, it also operates in the Finance segment. The Business Bank segment offers commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. The Retail Bank segment offers deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.

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