Bank of New York Mellon Corp Reduces Holding in Comerica Incorporated
According to a recent filing with the U.S. Securities and Exchange Commission, Bank of New York Mellon Corp decreased its ownership in Comerica Incorporated (NYSE: CMA) stock by 3.7% during the second quarter.
After the adjustment, the firm now holds 1,287,811 shares of the financial services company, valued at approximately $76.82 million. The reduction reflects a strategic realignment of the bank’s investment portfolio while maintaining a substantial position in Comerica.
“Bank of New York Mellon Corp reported a 3.7% decrease in its Comerica holdings,” the SEC filing stated.
Investment Overview
- Ticker: NYSE: CMA
- Quarter: Second quarter
- Stake value: $76.82 million
- Shares held after adjustment: 1,287,811
Company Background
Comerica Incorporated is a U.S.-based financial services provider known for commercial banking, wealth management, and retail financial operations across several states.
Author’s summary: Bank of New York Mellon slightly reduced its Comerica stake by 3.7%, retaining a $76.82 million holding as part of broader portfolio adjustments.