Comerica Incorporated

cma

Ticker: CMA

Initial purchase: 1/6/2015

Cost basis $44.21

Current Portfolio Status: Hold

Dividend Reinvestment: N

Dividends paid quarterly in Jan, Apr, Jul, Oct

Shares held on account with Motif

Comerica Incorporated, through its subsidiaries, provides financial products and services. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services consisting of consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products comprising deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services, including fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates branches in Texas, Arizona, California, Florida, and Michigan in the United States, as well as in Canada and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Client relationship: MAIN

Reason for holding: Possible acquisition candidate.  Activist investor, Hudson Executive Capital has 0.8% stake.  Possible suitors include USB, BBT, PNC, MUFG, RY and BMO per The Street.

Last update: 4 Feb 2016

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