… after its Q3 earnings missed the mark this morning, despite a 66% Y/Y jump in profits from its acquisition of Sterling Bancshares . The company reported an EPS of $0.51 per share on revenue of $98M, below analysts' expectations for …
Oct 19 (Reuters) - U.S. regional bank Comerica Inc posted higher third-quarter profit, helped by lower credit costs and the acquisition of smaller Texas peer Sterling Bancshares , but forecast its...
… members have strong corporate and financial experience. Sterling Bancshares is a Texas bank focused on small to medium-size businesses ..... interest margin. Comerica CMA has announced plans to acquire Sterling Bancshares , with the deal expected to close by the end of the second …
… we are not changing our $35 per share fair value estimate, which already bakes in the upcoming acquisition of Sterling Bancshares SBIB. As we anticipated, Comerica's credit quality rate of improvement slowed down and the decrease in provisions …
… catalyst. Concurrent with the fourth quarter 2010 earnings release, Comerica announced that it would acquire Sterling Bancshares Inc . ( SBIB ) in a stock-for-stock transaction. The strategic acquisition will augment Comerica's growth …
… provisions were behind the quarterly and yearly improvement. In addition, Comerica announced its plans to acquire Sterling Bancshares SBIB by mid-2011. We think that while the merger makes strategic sense for Comerica, the price is a tad on …
The market isn't seeing the value for Comerica ( CMA -8.4% ) in its $1.03B purchase of Sterling Bancshares ( SBIB +16.4% ). Although the deal seems to make strategic sense due to an 80% overlap of Texas-based deposits, the consensus …
BANGALORE (Reuters) - Comerica Inc agreed to buy smaller rival Sterling Bancshares Inc for just over $1 billion in stock to bolster its position in the oil-backed Texas market, signaling more U.S....
* Sterling shrs up 23 pct, Comerica down 6 pct pre-mkt (Adds details, analyst comments, background, updates stock)
Jan 18 (Reuters) - Comerica Inc is to buy smaller rival Sterling Bancshares Inc in an all-stock deal worth around $1 billion. [ID:nSGE70H099]