Comerica Bank's California Economic Activity Index was unchanged in June, at a level of 103. June's reading is up five points from the year-ago level and four points above the average for all of 2009. Year-to-date the Index has averaged 102 compared to 99 for all of 2009.
The Board of Directors of Comerica Incorporated today declared a quarterly cash dividend for common stock of five cents per share. The dividend is payable October 1, 2010, to common stock shareholders of record September 15, 2010.
Comerica Bank's Michigan Economic Activity Index rose one point in June, to a level of 84. June's reading is up 13 points from the same period a year ago, marking the fifth consecutive double-digit increase in the Index, on a 12-month basis. Year-to-date, the Index is up nine points, or 12.4 percent, from the average for all of 2009. The May Index was unrevised from a level of 83.
Comerica Bank's Michigan Tourism Index fell one point in the second quarter of 2010, to a level of 91. The second quarter reading is up two points from the year-ago level, and is up four points, or five percent, from the cyclical Index low of 87. The Index has averaged 92 over the first half of the year, up two points from the Index average for all of 2009.
California Economy Steady in June Reports the Comerica Bank California Economic Activity IndexPR NewswireDALLAS, July 29DALLAS, July 29 /PRNewswire-FirstCall/ -- Comerica Bank's California Economic 2010 07 29 13:25
Comerica Directors Declare DividendPR NewswireDALLAS, July 27DALLAS, July 27 /PRNewswire-FirstCall/ -- The Board of Directors of Comerica Incorporated today declared a quarterly cash dividend for 2010 07 27 13:43
Michigan Tourism Dips Again in the Second Quarter, Reports Comerica BankPR NewswireDALLAS, July 26DALLAS, July 26 /PRNewswire-FirstCall/ -- Comerica Bank's Michigan Tourism Index fell one point in 2010 07 26 15:37
We tracked the S&P stocks that saw the most movement among hedge funds, pensions, and big money managers over the last 3 months, and went ahead and crunched the numbers for you.
After analyzing the smart money's recent trading activity, we compiled this list of winners and losers. For each sector, we listed the 5 stocks that saw the largest institutional inflows over the last 3 months, and the 5 stocks that saw the biggest outflows over the same period.
BP: Asset sales, exec departures and more. BP (BP) is moving forward quickly with asset sales, announcing a $7B deal to sell Apache (APA) upstream assets in the U.S., Canada and Egypt. The company also plans to sell its gas fields and pipeline in Vietnam plus assets and exploration licenses in Pakistan; the two countries comprise only about 2% of BP's total natural-gas output, but could raise $1.7B through a sale. The sales, all on land, reflect BP's...
The average stock in the Russell 1,000 is up 4.67% since the current correction low was made last Friday. We broke the index into deciles (10 groups of 100 stocks) to see how a stock's performance during the correction has impacted performance during this 3-day bounce. As shown below, the 100 stocks that held up the best during the correction (4/23-7/2) are up the least of any decile over the last 3 days. The 100 stocks that went down the most during the correction...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Next up is Roberto Mignone's hedge fund Bridger Management. Bridger focuses on long/short equity and event driven strategies (which you'll see evidence of in their portfolio below). Last we heard, Bridger has just under $3 billion in assets under management and is closed to new investors because Mignone likes to focus on investing rather than running a large...
The markets went on a wild ride during the week ended May 14, with the S&P 500 opening Monday with a 4.40% gain and hitting a 5.47% cumulative gain by Wednesday, only to settle back down for a cumulative 2.23% gain by the close on Friday. The Russell 3000 ended the week up 2.73%.
It was another great week to be long "low-quality" stocks, with the 19 new stocks on that list surging by 3.86% on average. In contrast, the 16 "high-quality" stocks on our list appreciated by an average of 2.09%.
Comerica Incorporated (CMA) reported a net loss attributable to common shareholders of $71 million or 46 cents per share. The company was expected to report a loss of 28 cents according to the Zacks Consensus Estimate. The company had incurred a loss of $62 million or 42 cents per share in the prior quarter and a loss of $24 million or 16 cents in the year-ago quarter.
Results in the reported quarter were impacted significantly by the payment of dividends on the preferred stock issued to the U.S....
Even after a long weekend for analysts to digest the Goldman Sachs (GS) lawsuit news, 76% of those that cover the stock still have buy ratings on it. Below is a list of the banks and diversified financials in the S&P 500 Financial sector sorted by percentage of analyst buy ratings. As shown, Goldman ranks as the third most liked behind JP Morgan (JPM) and...
Comerica Inc. has a market cap of $6.84 billion; its shares were traded at around $38.79 with and P/S ratio of 2.2. The dividend yield of Comerica Inc. stocks is 0.5%. In the first quarter 2010 ...
By Chip Brian SmarTrend has detected shares of Comerica (NYSE:CMA) have bearishly opened below the pivot of $38.90 today and have reached the first level of support of $38.30. Should the shares ...
And, yes, the assignment most days will be at Comerica Park for the next couple of months, but also on the docket will be Lions training camp. This should be the most intriguing season of Lions ...
By Chip Brian Below are the top five companies in the Diversified Banks industry as measured by lowest relative performance. This analysis was based on yesterday's trading activity as we search ...
DALLAS, July 29 /PRNewswire-FirstCall/ -- Comerica Bank's California Economic Activity Index was unchanged in June, at a level of 103. June's reading is up five points from the year-ago level and ...
Newfield, the former lead singer of Trick Pony, will be performing her single "Johnny and June," "Cry Cry," and many songs, such as "Pour Me," that she performed with Trick Pony, during the ...
EVP and CFO of Comerica Inc. (CMA) Elizabeth S Acton sells 4,413 shares of CMA on 07/26/2010 at an average price of $38.42 a share. Comerica Inc. has a market cap of $6.82 billion; its shares were ...
Market Intellisearch's proprietary pattern recognition system identified the start of a new bullish trend for Comerica Incorporated. Shares of CMA closed at $38.69 in the previous trading session ...
DALLAS, July 27 /PRNewswire-FirstCall/ -- Comerica Bank's Michigan Economic Activity Index rose one point in June, to a level of 84. June's reading is up 13 points from the same period a year ago ...
Hickey and Walters (
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on 
Comerica Incorporated (
