Why Comerica (CMA) Shares Are Rising
Portfolio Pulse from Henry Khederian
Shares of Comerica Incorporated (NYSE:CMA) are trading higher by 2.94% following the Federal Reserve's stress test results. All 23 banks tested, including Comerica, remained above their minimum capital requirements during a hypothetical recession. The stress test projected losses of $541 billion in a hypothetical scenario, with over $100 billion from real estate and residential mortgages, and $120 billion from credit cards.
June 29, 2023 | 2:29 pm
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Comerica's stock is trading higher following the positive outcome of the Federal Reserve's stress test. The bank successfully met the minimum capital requirements, which is a positive signal for investors.
The Federal Reserve's stress test is a significant regulatory measure for banks. Comerica passing the test indicates that it has a strong capital position, which is a positive signal for investors and can lead to an increase in the stock price.
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