Bank of New York Mellon Corp Reduces Stake in Comerica Incorporated
Bank of New York Mellon Corp decreased its holding in Comerica Incorporated (NYSE: CMA) by 3.7% in the second quarter, according to a recent filing with the Securities & Exchange Commission.
Before the reduction, the firm owned 1,287,811 shares of the financial services provider's stock.
"Bank of New York Mellon Corp lessened its stake in shares of Comerica Incorporated by 3.7% during the second quarter."
Investment Details
- Shares owned before reduction: 1,287,811
- Value of stake: $76.82 million
Financial Context
Comerica Incorporated is a significant player in the financial services sector, and adjustments in institutional holdings like this one reflect shifting investment strategies.
Author's Summary
The Bank of New York Mellon Corp slightly decreased its stake in Comerica Incorporated, signaling cautious reallocation within financial sector investments.
Would you like the summary to be more detailed or concise?