Wells Fargo analyst Matthew Burnell downgraded Comerica to Underperform saying the risk/reward is less attractive following the stock's year-to-date outperformance. The analyst believes credit costs will continue to hurt returns through 2016 and only sees 5% upside potential in the shares should a buyout occur. Burnell keeps a $38-$40 price target range for the stock.

Comerica Incorporated announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer. Kessler will lead the Business Risk and Controls Office for Commercial Bank, Marketing, Customer Experience, the Retail Bank and Wealth Management, helping drive transformation of risk and control functions across all of Comerica's revenue divisions. Kessler has served in several risk management roles, most recently as Head of Non-Financial Risk Processes where he focused on the development of foundational risk management strategies during high growth periods