UBS Downgrades Comerica Incorporated to Sell Amid Banking Sector Challenges

Comerica Incorporated has received a "Sell" rating from UBS. The company operates as a banking group with a diverse business model, primarily focused on business banking, which accounts for 80.6% of its sales.

Comerica also engages in retail banking (12.7%), wealth management (6.5%), and other services, including investment banking and brokerage services, which make up a mere 0.2% of its operations.

As of the end of 2023, Comerica is projected to manage $66.8 billion in current deposits and $52.1 billion in current loans. This positioning highlights the bank's significant role in the financial sector, particularly within business banking, while also maintaining a presence in retail and wealth management services.

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