Comerica Might Cut Dividend to Shareholders; Beats A Sharp Stick in the Eye

The Dallas-based bank might be rolling back its normally healthy payout to stockholders, American Banker‘s Katie Kuehner-Hebert reports. She based her story in part on what a JPMorgan analysis stated yesterday about Comerica Inc. Why might the bank be parting with its formerly generous ways? Losses from residential construction loans, she reports. Unfortunately, the only way to access the article is to subscribe to American Banker, or through Nexis. At least Comerica stockholders aren’t having their shares repossessed. Cheapskates like us can read Dallas Business Journal reporter Chad Eric Watt’s one-year Comerica retrospective without paying a dime, however.

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