KEY - Comerica: High Dividend Yield Is Not Enough To Buy
2024-06-27 18:17:35 ET
Summary
- Comerica Incorporated offers a high dividend yield but has experienced weakness in operating performance.
- Highly exposed to interest rates, Comerica's financial performance has declined, with net interest income and net income expected to drop.
- Despite a comfortable capital position, Comerica shares may not be a good investment due to deteriorating fundamentals and the potential impact of lower interest rates.
Comerica Incorporated ( CMA ) offers a high dividend yield, but this doesn’t seem to be enough to offset weakness in its operating performance.
As I’ve covered in previous articles , Comerica is one of the U.S. banks most geared to rates, a profile that theoretically was good during a rising interest rate environment, like the one experienced during 2022-23....
Comerica: High Dividend Yield Is Not Enough To Buy