Bank of Montreal Park? Comerica Flailing. Selling Chatter Circulating

[3WC]

Bham1982, perhaps we should look a little more closely at CMA to see if it looks "pretty good."

The analyst link you used correctly pointed out that a few days ago Goldman Sachs rated CMA neutral; that was up from "Sell" based on the probability CMA will be gobbled up. Wells Fargo's rating was "Underperform" per your link.

Respected analyst Stan Stafford a couple of days ago rated 11 major Midwest banks on several performance matrix. They are below and the rating is in parenthesis:

Dividend Yield - past 5 years - [[10/11) [tenth of eleven 1.38%]
Dividend growth - 5 years - [[6/11)
Revenue growth - 5 years - [[5/11)
Earnings growth -5 years - [[11/11)
Book value growth - 5 years - [[10/11)
Stock price appreciation - trailing 12 months - [[11/11)
PEG ration -n trailing 12 months - [[10/11)
Return on assets - trailing 12 moths - [[11/11)
Return on equity - trailing 12 months - [[11/11)
Return on invested capital - trailing 12 months - [[9/11)
Earnings yield - [[11/11)
Debt to equity - trailing 12 months - [[5/11)
Price to book value - [[4/11)

It was ranked worst of the 11 major banks evaluated.

Comerica is going the way of NBD and so many others which are the victims of incompetent management.

[Honky Tonk]

What a shame.... Then can we go back to calling it Tiger Stadium, please?

[Dumpling]

Comerica Bank was the bank for the City of Detroit in 2000. Former
Mayor Kilpatrick, according to his memoir, "Surrendered", co-written
with Khary Turner, said that he and his staff looked at the value proposition
Comerica Bank provided to the city at the time he became mayor, and
found it severely wanting.
Accordingly [[if I am recalling correctly from "Surrendered") he made
First Independence Bank as the bank for the City of Detroit. This was
the bank handling local transactions for the City of Detroit retirement
fund. They were supposed to have a nominal value of $0 in their
accounts after handling the pension fund transactions, but apparently
had $20 million in their accounts as according to the glossy brochure.
[[I posted about that a long time ago, when the bankruptcy proceeding
was happening).
The bank for both the City of Detroit and Wayne County is now JP Morgan
Chase.
JP Morgan Chase is not one of the lending institutions behind the Detroit
Home Mortgage initiative [[unless, maybe, they are the bank behind the
bank...behind the bank).

http://www.detroithomemortgage.org/

[313WX]

While Comerica's move to Texas was unfortunate, I've never had an issue with them as far as purely a banking institution.

They were extremely prompt in cancelling my old cards and sending me new ones when the seucrity breaches hit places like Target. I also don't have to worry about being charged an ATM fee to withdraw my own money [[Bank of America). Also, unlike the other banks, Comerica is one of the few that still fully staff their branches.

I also love the fact that they have ATMs and locations all over.