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Stock impact report

Comerica Slammed As A Perfect Storm Hits [Seeking Alpha]

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: Seeking Alpha
SummaryComerica's first quarter earnings were only better than average in the context of a stronger March that partially offset a weak mid-quarter update.Comerica is more than 40% provisioned against its 2017 DFAST severely adverse scenario, but there could be underappreciated vulnerability outside the closely-watched energy loan book.Today's valuation is likely too low, but Comerica has almost all of the wrong attributes for the current market and operating environment.Banks have had a bad year in 2020, but where most banks were slammed down by the market in March and have since rebounded a little,CMAI expect further reserve-building from here, and I could easily see the charge-off ratio moving into the 2%’s. While I see Comerica having enough capital to get through this, I think there’s a very good chance that the dividend gets cut along the way. The good news, such as it is, is that I think there’s a wider cushion between Comerica and disaster than the share price reflects. I’m ver Show less Read more
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