Comerica shares spike as activists, shareholders push for sale

The Comerica Bank Tower stands in Dallas, Texas.
Matt Nager | Bloomberg | Getty Images
The Comerica Bank Tower stands in Dallas, Texas.

Comerica's stock rose as much as 6.1 percent Friday after The Wall Street Journal reported activist investors and shareholders were pushing for a sale of the company.

Among those encouraging Comerica to sell are activist hedge fund Hudson Executive Capital. The Journal added that some of the bank's biggest shareholders are frustrated with recent results

"Our focus is, and has always been, on our shareholders and delivering performance to maximize value and meet their expectations," a company spokesman told the Journal.

The company declined to comment for this article.

Shares of the bank closed up more than 3 percent Friday.

CMA in the past year

Click here for the full Journal report.