📈 Stock Performance
As of May 1, 2025, Comerica Inc. (NYSE: CMA) shares closed at $54.46, marking a 1.32% increase for the day. Despite this uptick, the stock remains approximately 25.85% below its 52-week high of $73.45 achieved in November 2024 . The trading volume was notably lower than average, with 1.1 million shares exchanged compared to the 50-day average of 2.2 million.
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⚖️ Legal and Regulatory Updates
On April 11, 2025, the U.S. Consumer Financial Protection Bureau (CFPB) dismissed its lawsuit against Comerica Bank. The case had accused the bank of mistreating millions of vulnerable customers, particularly older and disabled individuals, in its management of the "Direct Express" program—a Treasury contract providing federal benefit recipients with prepaid debit cards. The CFPB alleged that Comerica charged illegal fees and disconnected customer calls. The decision to drop the case is part of a broader trend under the Trump administration, which has rolled back several enforcement actions initiated by previous leadership .
Separately, Comerica has faced criticism over its handling of Social Security payments. Some beneficiaries reported issues with their Direct Express cards, leading to delays in receiving funds. In one case, a woman struggled to access her $1,800 Social Security benefits, highlighting broader concerns about the reliability of the payment system .
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🏦 Leadership and Strategic Moves
Comerica has announced several leadership appointments to strengthen its regional presence. Matt Marchbanks has been named Fort Worth Market President, and Troy Norris has been appointed Arizona Market President. These moves aim to bolster the bank's commercial and business banking operations in key markets .