Comerica Incorporated (CMA) : Private Bank Trust Co reduced its stake in Comerica Incorporated by 37.39% during the most recent quarter end. The investment management company now holds a total of 24,700 shares of Comerica Incorporated which is valued at $1,183,377 after selling 14,750 shares in Comerica Incorporated , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Comerica Incorporated makes up approximately 0.18% of Private Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Marshwinds Advisory Co boosted its stake in CMA in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 9,035 shares of Comerica Incorporated which is valued at $432,867. Comerica Incorporated makes up approx 0.22% of Marshwinds Advisory Co’s portfolio.Cutler Group Lp boosted its stake in CMA in the latest quarter, The investment management firm added 8,371 additional shares and now holds a total of 19,862 shares of Comerica Incorporated which is valued at $982,573. Comerica Incorporated makes up approx 0.06% of Cutler Group Lp’s portfolio.Chevy Chase Trust Holdings reduced its stake in CMA by selling 4,492 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 146,275 shares of CMA which is valued at $7,198,193. Comerica Incorporated makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.Telemus Capital reduced its stake in CMA by selling 50 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 17,879 shares of CMA which is valued at $879,826. Comerica Incorporated makes up approx 0.10% of Telemus Capital’s portfolio.Washington Trust Bank reduced its stake in CMA by selling 53,874 shares or 97.78% in the most recent quarter. The Hedge Fund company now holds 1,223 shares of CMA which is valued at $60,184. Comerica Incorporated makes up approx 0.01% of Washington Trust Bank’s portfolio.
Comerica Incorporated closed down -0.83 points or -1.68% at $48.64 with 23,22,631 shares getting traded on Tuesday. Post opening the session at $49.21, the shares hit an intraday low of $48.23 and an intraday high of $49.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Comerica Incorporated reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $0.69. The company had revenue of $714.00 million for the quarter, compared to analysts expectations of $715.64 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Comerica Incorporated. Comerica Incorporated was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016. Wedbush Initiated Comerica Incorporated on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $49.Comerica Incorporated was Upgraded by Goldman to ” Buy” on Sep 16, 2016.
Comerica Incorporated is a financial services company. The Company’s 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.