US2003401070 - Common Stock
An upgrade of Comerica Inc.’s technology platform inadvertently caused millions of dollars in account shortfalls in its wealth management trust unit, The...
(RTTNews) - After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading session on Friday. The Dow...
Yields are swooning as the Fed moves toward rate cuts.
Revisions to third quarter economic data showed an ideal scenario for the Federal Reserve where the economy continues growing but inflation cools.
Investors may consider attractive dividend-yielding stocks like Comerica (CMA) for their portfolios amid the current economic uncertainties.
Regional banks are weighed down by concerns over the impact of new rules and the risk of a recession on loan losses, particularly in commercial real estate.
/PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2023 US Financial Services Conference on Tuesday, Dec. 5,...
U.S. bank CEOs warned a slowing economy and rising geopolitical tension could weigh on earnings, but said the industry had regained its footing after the biggest bank failures since the 2008 financial crisis. "There's never been a time in my career, when there was so much uncertainty," including geopolitical tensions and potential cyber attacks from bad actors, he said.
The Labor Department said on Thursday that claims for state unemployment benefits rose 13,000 to a seasonally adjusted 231,000 for the week ended Nov. 11, above the 220,000 claims that economists polled by Reuters had expected. A weaker labor market is widely seen as a boost to the Fed's fight against inflation as it has the potential to sap consumer spending. Futures markets now predict a nearly 100% chance Fed policymakers will hold rates steady at their Dec. 12-13 meeting, up from 85% a week ago before the softer inflation reading, according to CME Group's FedWatch Tool.
The Labor Department said on Thursday that claims for state unemployment benefits rose 13,000 to a seasonally adjusted 231,000 for the week ended Nov. 11, above the 220,000 claims that economists polled by Reuters had expected. Futures markets are now predicting a nearly 100% chance that the Federal Reserve keeps benchmark rates at their current level at its December meeting, up from an 85% chance seen a week ago, according to CME's FedWatch Tool. Markets also now see a 33% chance that the Fed begins cutting rates in March, up from a 12% chance seen a week ago.
The best bank stocks are bracing for higher yields. How have banks strategically positioned themselves for survival?
/PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Brian Goldman has been named Senior Executive Vice President and Chief Risk Officer,...
/PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share....
Bank stocks are on a wild ride, dropping big the past year. But some smaller, regional bank stocks are undervalued and offer massive yields.
Wedbush shifts focus to defensive regional banks as a mild recession is expected in 2024. Upgrades include East West Bancorp and First Citizens BancShares.
With financial stocks struggling, these three in particular can't adapt to changing conditions and consequently pose massive investor risk.
sasirin pamai/iStock via Getty Images The U.S. economy is expected to have sharply grown during Q3, driven by resilient consumer spending, although...