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Comerica Incorporated Buyback

OLI recorded this information on 6/28/2017

Company: Comerica Incorporated
Buyback: CMA buyback
$Amount Authorized: $605,000,000
Buyback Details: 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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Company Name: 
Comerica, Inc.
Stock buyback: 
CMA buyback
Website: 
www.comerica.com
Sector: 
Banking & Savings
Number of ETFs Holding CMA: 
102
Total Market Value Held by ETFs: 
$1.28B
Total Market Capitalization: 
$8.87B
% of Market Cap. Held by ETFs: 
14.40%
 

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Hold (1.82 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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