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 detailed in its recent Securities & Exchange Commission filing. The company owned 1,287,811 shares of the financial services firm.
Details of the Stake Reduction
- The reduction reflects a lower investment in Comerica during Q2.
- The move is part of portfolio adjustments based on recent financial activity.
Bank of New York Mellon Corp stated this change in its most recent SEC filing.
Implications for Investors
This shift indicates a strategic reallocation by Bank of New York Mellon Corp but does not significantly alter its exposure to Comerica.
Author summary: Bank of New York Mellon Corp slightly reduced its Comerica shares by 3.7% in Q2, showing a modest portfolio adjustment without major impact.
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