Why Comerica Stock Was Rising Today
Comerica (NYSE: CMA) stock jumped on Friday, rising about 5.8% as of 12:30 p.m. ET. It had been up as much as 6.5% on the day. The stock was trading at about $40 per share, down about 39% year to date.
The markets were climbing on Friday as the S 500 was up 56 points (1.3%), the Dow Jones Industrial Average jumped 619 points (1.9%), and the Nasdaq Composite gained 120 points (0.9%) as of 12:30 p.m. ET.
A news report on Monday by American Banker about Comerica's alleged violations of compliance requirements for the U.S. Treasury's Direct Express program sent the stock price tumbling earlier this week.
Source Fool.com
Comerica Inc. Stock
€46.40
-11.150%
The stock is one of the favorites of our community with 28 Buy predictions and 4 Sell predictions.
As a result the target price of 55 € shows a slightly positive potential of 18.53% compared to the current price of 46.4 € for Comerica Inc..
