Posthaste: Pain of Canadians' mortgage payment shock is not over — not by a long shot [Financial Post (Toronto, Ontario, Canada)]
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: Financial Post
There's been a lot of hope in the air lately that the Bank of Canada is getting close to cutting interest rates Article content When the central bank held rates at 5 per cent at its meeting earlier this month, governor Tiff Macklem said a June cut was “within the realm of possibilities,” and inflation data shortly after appeared to support that. After all it has been a long, tough haul for indebted homeowners since the bank began hiking its benchmark rate early in 2022. Article content Five-year mortgage rates have surged from lows of 3.2 per cent in 2021 to 6.4 per cent in the fourth quarter of 2023, more than doubling mortgage payments, according to a new study by Oxford Economics. “This has weighed on consumers' pockets, but our calculations suggest that the mortgage payment shock is not over yet, said Oxford economists Callee Davis and Tony Stillo. Even with interest rates expected to ease in the second half of this year, Oxford forecasts that mortgage payments will
Show less
Read more
Impact Snapshot
Event Time:
CMA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CMA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CMA alerts
High impacting Comerica Incorporated news events
Weekly update
A roundup of the hottest topics
CMA
News
- Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer [Yahoo! Finance]Yahoo! Finance
- Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls OfficerPR Newswire
- Stock market today: Dow drops 570 points to end worst month of 2024 as traders brace for Fed decision [Yahoo! Finance]Yahoo! Finance
- Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership [Yahoo! Finance]Yahoo! Finance
- Comerica Bank, Network for Teaching Entrepreneurship Launch National PartnershipPR Newswire
CMA
Earnings
- 4/18/24 - Miss
CMA
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 4
- CMA's page on the SEC website