Gillian Tan, Columnist

Not So Fast, Comerica Shareholders

Shareholders are anticipating a sale, but there's no buyer on the horizon.

April 25, 2016 at 2:17 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Comerica's investors may need to curb their enthusiasm.

The regional bank's shares added nearly 12 percent last week to reach a four-month high, buoyed by reports that large shareholders and at least one analyst are pushing the Dallas-based bank to sell itself. That was on top of the company's decision to hire Boston Consulting Group to help it "meaningfully enhance" profitability by undertaking a comprehensive review of its expense and revenue base.