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.

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Source Fool.com