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Stock impact report

Comerica Bank's California Index Dips Again

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: PR Newswire
DALLAS, Aug. 1, 2018 /PRNewswire/ -- Comerica Bank's California Economic Activity Index decreased by 0.2 points in May to 123.8. May's reading is 26 points, or 27 percent, above the index cyclical low of 97.7. The index averaged 121.2 points in 2017, two and three-fifths points above the average for all of 2016. April's reading was revised to 124.0. Comerica Bank's California Economic Activity Index eased again in May, after a small dip in April. Three out of eight sub-indexes were positive in May. They were nonfarm employment, house prices and the Dow Jones technology stock index. Unemployment insurance claims (inverted), housing starts, total state trade and hotel occupancy were negatives in May. The industrial electricity demand sub-index was unchanged. The Trump Administration's aggressive stance toward trade negotiations adds to risks for the California economy. Activity at key California ports reportedly surged in June as business tried to get ahead of inc Show less Read more
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