Comerica Incorporated (CMA) Shares are Up 1.56%

Comerica Incorporated (CMA) : Traders are bullish on Comerica Incorporated (CMA) as it has outperformed the S&P 500 by a wide margin of 3.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.56% in the last 1 week, and is up 2.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 7.64%.The 200 Day SMA reached 15.95%. Comerica Incorporated is up 3.39% in the last 3-month period. Year-to-Date the stock performance stands at 14.98%.


Comerica Incorporated (NYSE:CMA): After opening at $47.27, the stock dipped to an intraday low of $46.83 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.61 and the buying power remained strong till the end. The stock closed at $47.58 for the day, a gain of 1.17% for the day session. The total traded volume was 1,660,107. The stocks close on the previous trading day was $47.03.

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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