Jefferies analyst Ken Usdin raised his price target for Comerica to $87 after meeting with management and keeps a Buy rating on the shares. The company is well positioned for "solid" earnings growth and higher profitability due to benefits from rate-sensitivity, efficiency gains, and capital strength, the analyst contends.

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