UBS Issues Sell Recommendation for Comerica Incorporated Amid Banking Sector Changes

Comerica Incorporated, a banking group primarily focused on investment banking, is the subject of a sell recommendation by UBS.

Investment banking is the main source of revenue for Comerica, accounting for 80.6% of its total revenues. The company also offers retail banking, asset management, and other financial services, which contribute 12.7%, 6.5%, and 0.2% to its revenue, respectively.

By the end of 2023, Comerica is projected to have $66.8 billion in deposits and $52.1 billion in loans. This positioning emphasizes the bank's significant role in the financial sector, particularly in investment banking, while also maintaining a presence in retail and asset management services.

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