-
Posted by
Two Blokes Jul 22 -
Filed in
Stock
-
9 views
Comerica's recent rally appears overdone; fundamentals do not justify the current valuation, and I now rate shares a 'sell.' Deposit costs are rising and deposit outflows persist, with further pressure expected as the Direct Express contract winds down. Loan growth is modest, and while credit quality and capital remain solid, net interest margin faces ongoing headwinds.
