Comerica Incorporated Buyback
OLI recorded this information on 6/28/2017
Comerica Incorporated (NYSE: CMA) today announced that the Federal Reserve has completed its 2017 Comprehensive Capital Analysis and Review ("CCAR") and did not object to the Comerica capital plan and capital distributions contemplated in the plan. The plan includes equity repurchases of up to $605 million for the four-quarter period commencing in the third quarter 2017 and ending in the second quarter 2018. The timing and ultimate amount of equity repurchases will be subject to various factors, including the Company's financial performance and market conditions.
Comerica is a financial holding company, engaged in lending to and accepting deposits from businesses and individuals. Co.'s segments are: Business Bank, which provides 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; Retail Bank, which provides consumer lending, consumer deposit gathering and mortgage loan origination; and Wealth Management, which provides products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services.
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Hold (2.00 out of 4)
(ranked lower than approx. 97% of all stocks covered)
Based on Zacks ABR data;
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