Bank of New York Mellon Corp Reduces Stake in Comerica Incorporated
Bank of New York Mellon Corp decreased its holdings in Comerica Incorporated (NYSE:CMA) by 3.7% in the second quarter, as indicated in its latest filing with the Securities & Exchange Commission.
The firm owned 1,287,811 shares of the financial services company's stock after this reduction, representing a stake valued at approximately $76.82 million.
“Bank of New York Mellon Corp lessened its stake in shares of Comerica Incorporated by 3.7% during the second quarter,” the filing states.
This move reflects the firm's adjustment in its investment portfolio concerning Comerica Incorporated.
Summary: Bank of New York Mellon Corp slightly reduced its Comerica stock holdings to about $76.82 million in Q2, as reported to the SEC.