Bank of New York Mellon Corp Reduces Its Investment in Comerica Incorporated
According to the latest filing with the Securities & Exchange Commission, Bank of New York Mellon Corp has reduced its holdings in Comerica Incorporated (NYSE: CMA) by 3.7% during the second quarter.
After the adjustment, the firm now owns approximately 1,287,811 shares of the financial services company. The total value of this stake is around $76.82 million.
Bank of New York Mellon Corp decreased its ownership in Comerica by 3.7% in Q2, holding about 1.29 million shares valued at $76.82 million.
Market Context
This move reflects strategic portfolio adjustments amid market volatility in the U.S. banking sector. Comerica remains one of the notable regional banks publicly traded on the NYSE under the symbol CMA.
Summary
Bank of New York Mellon Corp trimmed its Comerica stake by 3.7%, holding 1.29 million shares valued near $76.82 million following Q2 filings.
Author’s summary: The Bank of New York Mellon slightly reduced its position in Comerica, signaling cautious portfolio management amid shifting market conditions.
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