Comerica, Inc.
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Can These 4 Large Western Banks Make You Money?
By Bill Edson - May 15, 2013 | Tickers: CMA, FRC, USB, WFC
I had thought that U.S. Bancorp's (NYSE: USB) impressive run over the past few years would finally come to an end with the close of 2012. Well, I was wrong, and in some ways its first quarter income, while lacking (barely) the double digit growth to which we had become accustomed, was as impressive as any.
For the first quarter, U.S. Bank reported profits of $1.43 more »
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Apple, Key Corp.: We’re Watching This Hedge Fund
By Meena Krishnamsetty - April 17, 2013 | Tickers: AAPL, CLWR, CMA, KEY, WHR
Apple (NASDAQ: AAPL) is one of the smart money’s favorite stocks, and despite its selloff in recent months, it was still one of the most popular investments among the managers we watch heading into 2013. Yes, AIG overtook Apple at the end of last year—in terms of short-term appreciative performance and popularity—but it’s still worth pointing out which hedge fund managers hold Apple in their portfolios more »
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A Tour Of 4 Midwestern Regional Banks
By Maxwell Fisher - March 14, 2013 | Tickers: CMA, FITB, FMER, HBAN
Cincinnati based Fifth Third Bancorp (NASDAQ: FITB) has a well-earned reputation as a conservative, well run institution. Despite having much of its asset base in two of the states (Michigan and Florida) most devastated in last decade's recession, Fifth Third has only been unprofitable one year in the last twenty, in 2008. In contrast, 2012 proved that the roughly $120 billion asset bank is back to its pre-recession levels more »
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PNC Financial's Short-Lived Decline
By Josef Ray Dagatan - January 28, 2013 | Tickers: SCHW, CMA, PNC
In a report released last January 18, market analysts at BMO Capital Markets have given PNC Financial Services a reaffirmed “market perform” score. The company has recently attained a $67 target rate on the stock, which is greater than its preceding target cost of $64.
PNC (NYSE: PNC), a financial services corporation based in Pittsburgh, Pennsylvania, primarily takes part in retail banking, property management, commercial and institutional banking, and residential more »
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What Does Warren Buffett See in US Bancorp?
By Meena Krishnamsetty - April 27, 2012 | Tickers: CMA, USB, WFC
Warren Buffett is one of the most well-respected money managers in history, so, when his Berkshire Hathaway has a large position in a company, it is generally worth taking note. US Bancorp (NYSE: USB) is one such position. It is one of the largest positions in Buffett’s portfolio. As of December 31, 2011, Berkshire Hathaway had $1.9 billion invested in this stock.
US Bancorp is also quite popular more »
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Don’t Jump Yet, Comerica Investors
By Tim Brugger - April 17, 2012 | Tickers: C, CMA, WFC
It’s hard to imagine a 26% jump in earnings year-over-year could be anything but good news. But a closer look into Comerica’s (NYSE: CMA) recently announced Q1 financial results exposes a few less-than-desirable factoids for the commercial lender.
On the upside of course is the jump in earnings – to $130 million from $103 million in Q1 of 2011. That equates to $0.66 a share vs. $0.57 more »