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Comerica Incorporated Message Board

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  • paco19hrt paco19hrt Aug 8, 2009 8:53 AM Flag

    For long time stock holders-not traders

    why would cma be in "real" trouble if it didn't move out of michigan?

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    • alanminkin@sbcglobal.net alanminkin Aug 8, 2009 10:14 AM Flag

      Unfortunately in my opinion Mich is not an expanding lending mkt and with banks pushed for earnings[peer presure] this past 10 yrs]they would probably have been involved in more mortgage related things such as the large Clev and Cinn banks that have worst earning woes than CMA and they will have to raise equity and delute existing stockholders interest so I think CMA mgt was wise to geographically move to growth areas Texas & Calif. Again just an old retired bankers opinon

 
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