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UPDATE: Stifel Nicolaus Downgrades Comerica to Sell on Premium Valuation, Low ROA

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Comerica Hikes Dividend By 4.5%, Board Authorizes More For Repurchase Program
Earnings Scheduled For July 19, 2016
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Stifel Nicolaus downgraded Comerica (NYSE: CMA) from Hold to Sell.

Stifel Nicolaus commented, "The shares are trading at a 25% premium to the rest of our large cap bank coverage universe despite having one of the lowest projected ROAs. With approximately 72% of the company's earning assets tied to the short-end of the yield curve (not the long end), we believe the market is way ahead of itself in assuming just how much the company benefits from the recent rise in long-term interest rates."

Comerica closed at $35.77 on Friday.

Latest Ratings for CMA

DateFirmActionFromTo
Jul 2016CitigroupMaintainsNeutral
Jul 2016Wells FargoUpgradesUnderperformMarket Perform
Jul 2016JP MorganMaintainsNeutral

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Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

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