The market expects Comerica Incorporated (CMA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 22, 2025, might help the stock move higher if these key ...

Google's Market Dominance and CMA Investigation - The UK's Competition and Markets Authority (CMA) is investigating Google's market dominance in search, including its AI search advancements and search advertising business [4] - Google Search accounts for over 90% of all general search queries in the UK, and more than 200,000 businesses use the platform for advertising [6] - The CMA is considering whether to designate Google's search business as having "strategic market status" (SMS), which could lead to conduct requirements or pro-competition interventions [8] Areas of Investigation - The CMA will investigate whether Google is posing weak competition and barriers to entry and innovation in search [9] - The investigation will also examine whether Google gives preference to its own services in areas like advertising and AI [1] - The CMA will look into whether Google is using large quantities of consumer data without informed consent, including content from intellectual property owners and publishers [1] Potential Remedies and Industry Impact - The investigation could result in business break-up proposals, opening up search results to competitors, or unbundling Google's search engine integrations [10] - Effective competition in search advertising could reduce costs by nearly £500 per household per year, potentially lowering prices across the economy [2] - The CMA aims to ensure a level playing field for all businesses, including rival search engines, advertisers, and news organizations [6] Google's Response to AI Competition - Google is developing its own AI search experience, called Gemini, which delivers fully-formed answers at the top of search results [3] - The company faces new competition from AI-based services like ChatGPT and Perplexity, which provide fully-formed results instead of traditional search links [11] - Google's integration of generative AI technology in search results could require it to provide AI results from other parties [3] Global Context and Legal Precedents - Google has faced multiple antitrust cases in other jurisdictions, including the US and Europe, over its search dominance [7] - The CMA is in regular contact with other authorities regarding Google's antitrust issues [7]

Detroit Lions to match campaign donations to Alternatives For Girls up to $100,000Comerica supporting Alternatives For Girls in recognition of the bank's 175th Anniversary and its Commitment to the CommunityDETROIT, Dec. 4, 2024 /PRNewswire/ -- The Detroit Lions and Comerica Bank announced today their third annual community collaboration supporting the Lions My Cause My Cleats campaign. To transform the lives of our youth, the Lions encourage community members to "Double The Impact" by donating to Alternati ...

DALLAS, Nov. 25, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2024 US Financial Services Conference on Tuesday, Dec. 10, 2024.Comerica Incorporated also provided details for its fourth quarter 2024 earnings call on Wednesday, Jan. 22, 2025.Interested parties may access additional information through the following details:Goldman Sachs 2024 US Financial Services Conference DATE: Tuesday, Dec. 10, 2024 TIME:       7:40 a.m. CT / 8:40 a.m ...

Apple and Google may face a formal investigation into their mobile ecosystem policies in the United Kingdom after a provisional study found that these policies are “holding back innovation.”Following an investigation launched in 2022, an independent inquiry group of the U.K.’s Competition and Markets Authority (CMA) recommended that the CMA’s board consider launching a formal investigation of the companies’ activities, the CMA said in a Friday (Nov. 22) press release.“Markets work best when rival businesses ...

To kick off the week, the award-winning whisky brand partnered with Daniel Musto of fashion brand DanielxDiamond to debut Crown Royal Aged 31 Years. Musto shared a collection of iconic looks from country music's biggest stars along with his tips for luxury western styling. The duo adorned guests with their very own custom DanielxDiamond Crown Royal jacket, a perfect accessory for CMA Awards week. Side-by-side with this rare whisky, the two icons cheers to craftsmanship, excellence and country music. Continu ...

DALLAS, Nov. 21, 2024 /PRNewswire/ -- Comerica Bank has issued the following statement regarding today's announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent for Direct Express program."We have been honored to support the Direct Express program since 2008 and remain committed to serving its 3.4 million cardholders. At the request of the Fiscal Service, we have entered into a three-year extension of services to allow for the orderly transfer of services to the new fin ...

Comerica Incorporated’s (CMA) board has approved an additional share repurchase authorization of up to 10 million shares of its outstanding common stock, with no expiration date. This new authorization is in addition to the five million shares available as of Sept. 30, 2024, under the prior share repurchase program. In the fourth quarter of 2024, Comerica plans to repurchase approximately $100 million worth of shares as part of its repurchase program.Comerica’s Consistent Quarterly Dividend PayoutThe bank a ...

DALLAS, Nov. 5, 2024 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable Jan. 1, 2025, to shareholders of record at the close of business on Dec. 13, 2024.The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable Jan. 1, 2025, to preferred stoc ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 29th: Swedbank (SWDBY) : This company which is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.7%, compared with the industry average of 3.9%. Un ...