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  1. New Morningstar Analyst Report for Comerica Inc

    Stock Reports

    Wed, 2 Apr 2014

    s expansion into mainly California and Texas, beginning in late 2004. This includes the acquisition of Sterling Bancshares , Inc . in Texas, which grew Comerica’s share in Houston and San Antonio, two of Texas’ largest markets

  2. New Morningstar Analyst Report - Sterling Bancshares , Inc .

    Stock Reports

    Wed, 20 Jul 2011

    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

  3. A Rather Uneventful Second Quarter at Comerica


    Tue, 19 Jul 2011

    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

  4. Comerica Reports Good 2010, Sterling Acquisition Plan


    Wed, 19 Jan 2011

    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

  5. Comerica to Acquire Sterling Bancshares


    Tue, 18 Jan 2011

    Earlier today, Comerica CMA announced its plans to acquire Sterling Bancshares SBIB. The deal is a stock-for-stock transaction where Sterling shareowners will get $10.00 worth of Comerica shares for

  6. Wall Street Breakfast: Must-Know News


    Fri, 14 Jan 2011

    7B-1.85B vs. consensus of $1.87B. Shares fell 24% in after-hours trading. Sterling Bancshares hits the auction block. Sterling Bancshares (SBIB) has reportedly put itself up for sale and a deal could come as soon as next week

  7. Sterling Bancshares Reports 3Q


    Fri, 29 Oct 2010

    Once again, Sterling Bancshares 's SBIB bottom line benefited from a decline in provision expense. Between July and September, the bank earned $4.5 million

  8. Sterling Posts 2Q Profit


    Mon, 26 Jul 2010

    A dramatic decline in provisions for loan losses allowed Sterling Bancshares ' SBIB bottom line to swing into a profit. The company earned $0.6 million (a penny per share), which, although low, is

  9. Credit Quality Sill Hurts Sterling


    Mon, 26 Apr 2010

    Hefty provisions for loan losses took a heavy toll on Sterling Bancshares 'SBIB first - quarter results . The bank lost $ 6 million , a much worse result than the $ 2 million it earned in the fourth quarter

  10. Sterling to Raise Equity


    Wed, 24 Feb 2010

    Sterling Bancshares SBIB just announced it wants to issue $80 million worth of new common shares. As we incorporate the expected dilution into our

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