Comerica, amid pressure to sell, makes case for independence
Yahoo Financeยท2025-09-09 17:49
Key insight: Regional bank Comerica emphasized its priorities to investors Tuesday, saying it's committed to protecting shareholder value and enhancing profitability. What's at stake: The bank's message comes as it faces pressure to sell from an activist investor group. Forward look: HoldCo Asset Management, the activist investor, plans to move forward with a proxy battle in which it will nominate up to five directors to Comerica's board. The chief executive of Comerica, which is facing mounting pres ...