Why Comerica Stock Was Dropping Today
's (NYSE: CMA) stock price plummeted on Tuesday, down about 7.5% as of 11:10 a.m. ET. The stock was trading at about $36 per share at that time, down roughly 46% year to date.
The market was mixed on Tuesday, with the S 500 up six points (0.2%), the Dow Jones Industrial Average down 137 points (-0.4%), and the Nasdaq Composite gaining 90 points (0.7%) as of 11:10 a.m. ET.
The market has not been kind to Comerica this year, as the bank, like most regional banks, has been hurt by the banking crisis.
Source Fool.com
