Mike Mayo, CSLA Bank Analyst, discusses an earnings call with Comerica that took a heated turn. » Read More
Some of the banks could be broken up, but it may not be Washington that makes it happen.
NEW YORK— Comerica said Tuesday it will cut close to 800 jobs and close 40 banks to cut costs. Comerica said it wants to eliminate $160 million in annual spending by the end of 2018. Comerica will also close 40 banks and outsource some technology functions to reduce spending.
Extreme valuations in stocks should cause investors to think twice before chasing the rally at these levels, Goldman Sachs cautions.
Thirty U.S. banks pass regulatory exams; objections to European banks' U.S. units could be viewed as "serious" by investors.
Wall Street banks mostly fared well in the annual regulatory exams, which will benefit shareholders next.
Comerica is wrapping up its annual meeting, where the CEO said he's even willing to sell the company in order to improve, with CLSA analyst Mike Mayo.
Comerica rose as much as 6.1 percent after The WSJ reported activist investors and shareholders were pushing for a sale.
FBR Capital Markets Managing Director Paul Miller shares his thoughts on a big bank split up, including JP Morgan, Citigroup and Bank of America.
CSLA Research Analyst and Managing Director Mike Mayo weighs in on Comerica's annual meeting on Tuesday.
Mike Mayo, CLSA bank analyst, says he is the most bullish on banks he's been in twenty years.
JPMorgan and Citi shareholders will vote on a bank breakup proposal. Bart Naylor, Public Citizen, and Mike Mayo, CLSA Bank analyst, join FMHR to weigh in.
"Power Lunch" hosts Melissa Lee and Brian Sullivan look at 5 stocks with analyst recommendations, including Needham starting Cirrus Logic coverage with a buy rating, and Goldman Sachs upgrading Chemours Company.
Some of the names on the move ahead of the open.
Check out the companies making headlines after the bell Tuesday: Kinder Morgan, Fossil, Campbell Soup and more.
Insiders are buying as bank stock prices sink 20 percent on average and most big banks trade at a discount to tangible book value.
As bad as it's been for the energy sector, weakness in two other places in the markets is grabbing more attention ... technology and financials.
Wells Fargo's head of corporate banking warned of "stresses" in its energy portfolio, as the slump in oil begins to weigh on servicers and producers.
Regional bank bets in a rising rate environment
U.S. stocks closed higher Friday for a third week of gains as mixed data pushed out expectations for the timing of the first rate hike.
U.S. stock index futures indicated a flat to slightly higher open, with traders keenly anticipating the release of a range of economic data.