Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Comerica Incorporated

Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Comerica, Inc. (Symbol: CMA) were yielding above the 3% mark based on its quarterly dividend (annualized to $2.84), with the stock changing hands as low as $93.89 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Comerica, Inc. (Symbol: CMA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Comerica, Inc., looking at the history chart for CMA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CMA Dividend Yield Pushes Above 3%

Comerica Incorporated CMA reported fourth-quarter 2025 adjusted earnings per share (EPS) of $1.46, beating the Zacks Consensus Estimate of $1.28. In the prior-year quarter, the company posted an EPS of $1.20.
Results benefited from a rise in net interest income (NII), fee income and deposit balance. Yet, lower loan balances and a rise in expenses were concerning.
The results excluded certain expenses related to the pending merger with Fifth Third Bancorp. After considering this, net income attributable to common shareholders (GAAP basis) was $176 million, which rose 3.5% from the year-ago quarter.
For 2025, adjusted earnings per share were $5.47, up from $5.02 in the year-ago period. The metric topped the Zacks Consensus Estimate of $5.23. Net income attributable to common shareholders (GAAP basis) was $723 million, which rose from $698 million in the year-ago period.
Comerica's Revenues & Expenses Rise
Total quarterly revenues were $850 million, up marginally year over year. The top line missed the consensus estimate of $850.1 million.
For 2025, total revenues were $3.37 billion, up from $3.24 billion in 2024. The top line beat the consensus estimate of $3.36 billion.
Quarterly NII rose marginally on a year-over-year basis to $577 million. The net interest margin increased 1 basis point year over year to 3.07%.
Total non-interest income was $273 million, up 9.2% on a year-over-year basis.
Non-interest expenses totaled $617 million, up 5.1% year over year.
The efficiency ratio was 72.30% compared with the prior-year quarter’s 69.51%. A rise in this ratio indicates declining profitability.
CMA’s Loan Balance Declines & Deposits Rise
As of Dec. 31, 2025, total loans fell marginally on a sequential basis to $50.7 billion. Total deposits rose 3.6% from the previous quarter to $64.9 billion.
Comerica's Credit Quality Improves
The company recorded a provision for credit loss of $14 million in the fourth quarter compared with $21 million in the year-ago quarter.
The allowance for credit losses was $695 million, which rose marginally year over year.
Total non-performing assets fell 18.5% year over year to $251 million.
The allowance for credit losses to total loans ratio was 1.45% as of Dec. 31, 2025, up from 1.44% in the year-ago period. Also, the company recorded net charge-offs of $3 million, significantly down from $16 million in the year-ago quarter.
CMA's Capital Position Strong
The total capital ratio was 14.25%, up from 14.21% in the year-ago quarter. The Common Equity Tier 1 capital ratio was 12.02%, up from 11.89% in the prior-year quarter.
As of Dec. 31, 2025, CMA's tangible common equity ratio was 8.40%, up from 7% in the prior-year quarter.
Our View on CMA
Comerica’s results benefited from higher NII and fee income, while rising expenses tempered overall momentum.
Looking ahead, the planned merger with Fifth Third Bancorp will position Comerica for expanded scale, improved diversification, and enhanced competitiveness in key growth markets. The transaction is expected to close in the first quarter of 2026. While near-term challenges persist, the strategic combination and continued focus on operational efficiency may bolster long-term shareholder value.
Comerica Incorporated Price, Consensus and EPS Surprise
Currently, Comerica carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Banks
BOK Financial Corporation's BOKF fourth-quarter 2025 adjusted net income per share of $2.48 surpassed the Zacks Consensus Estimate of $2.13. The bottom line increased 16.9% from the prior-year quarter.
BOKF’s results benefited from higher NII and total fees and commissions. An increase in loans and deposit balances was another positive. However, the increase in operating expenses was a major undermining factor.
First Horizon Corporation’s FHN fourth-quarter 2025 adjusted earnings per share of 52 cents surpassed the Zacks Consensus Estimate of 47 cents. This compares favorably with 43 cents in the year-ago quarter.
FHN’s results benefited from higher NII and a significant rise in non-interest income, along with the absence of provision for credit losses. However, the rise in expenses remains a headwind.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comerica Q4 Earnings Top Estimates on Higher NII & Fee Income

For the quarter ended December 2025, Comerica Incorporated (CMA) reported revenue of $850 million, up 0.7% over the same period last year. EPS came in at $1.46, compared to $1.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $850.07 million, representing a surprise of -0.01%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Comerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 72.3% compared to the 71% average estimate based on four analysts.
Net interest margin: 3.1% versus the four-analyst average estimate of 3.1%.
Net charge-offs (recoveries)/Average total loans: 0% compared to the 0.2% average estimate based on four analysts.
Average Balance - Total earning assets: $72.4 billion versus the three-analyst average estimate of $72.11 billion.
Total nonperforming assets: $251 million versus the two-analyst average estimate of $253.53 million.
Total noninterest income: $273 million compared to the $273.78 million average estimate based on four analysts.
Net interest income: $577 million versus $577.24 million estimated by four analysts on average.
Service charges on deposit accounts: $48 million versus $47.15 million estimated by three analysts on average.
Fiduciary income: $55 million versus $55.08 million estimated by three analysts on average.
Commercial lending fees: $16 million compared to the $17.45 million average estimate based on three analysts.
Bank-owned life insurance: $11 million compared to the $9.05 million average estimate based on two analysts.
Capital markets income: $36 million versus the two-analyst average estimate of $45.26 million.
Shares of Comerica have returned +3.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comerica (CMA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

(RTTNews) - Comerica Inc. (CMA) revealed a profit for its fourth quarter that Increased, from the same period last year
The company's bottom line totaled $164 million, or $1.27 per share. This compares with $163 million, or $1.22 per share, last year.
The company's revenue for the period rose 0.3% to $577 million from $575 million last year.
Comerica Inc. earnings at a glance (GAAP) :
-Earnings: $164 Mln. vs. $163 Mln. last year. -EPS: $1.27 vs. $1.22 last year. -Revenue: $577 Mln vs. $575 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comerica Inc. Announces Rise In Q4 Bottom Line

(RTTNews) - Fifth Third Bancorp (FITB) and Comerica Inc. (CMA) Wednesday said that their respective shareholders have voted separately to approve the earlier announced merger of both companies. The transaction is expected to close in the first quarter of this year, pertaining to the approval of the remaining customary closing conditions.
Commenting on the developments, Tim Spence, Chairman, CEO and President of Fifth Third, said, "Today's favorable shareholder vote with 99.7 percent of votes cast in favor of our combination with Comerica marks an important milestone in our journey, By combining Fifth Third's award-winning retail and digital capabilities with Comerica's middle market banking franchise, we'll create a more dynamic, resilient institution with the scale and capabilities to deliver exceptional value for our customers, communities, and shareholders. Together we'll form the ninth largest US bank with $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large markets in the U.S."
In October 2025, Fifth Third Bancorp and Comerica had announced an agreement under which Fifth Third will acquire the Texas-based financial services company in an all-stock deal valued at $10.9 billion.
As per the deal, Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing each Comerica share at $82.88 based on Fifth Third's closing price on October 3, 2025. The purchase price represents a 20 percent premium to Comerica's 10-day average stock price and upon closing, Fifth Third shareholders will hold roughly 73% and Comerica shareholders about 27% of the combined company.
On the NASDAQ, FITB ended Tuesday's trading at $49.78, up $1.16 or 2.4 percent. In the after hours trading, the stock was up $0.20 or 0.40 percent at $49.98.
On the NYSE, CMA ended Tuesday's trading at $92.45, up $2.13 or 2.4 percent. In the after-hrs, the stock fell $0.45 or 0.49 percent to $92.00.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fifth Third Bank, Comerica Shareholders Vote To Approve Proposed Merger

Key Points
Florida-based HoldCo Asset Management acquired 2.29 million shares of Comerica in the third quarter.
The move resulted in an estimated $156.94 million increase.
Comerica is the fund’s largest holding, comprising 16.56% of reported AUM.
On November 13, Florida-based HoldCo Asset Management disclosed a new position in Comerica (NYSE:CMA), adding 2.29 million shares for an estimated $156.94 million.
What Happened
According to a U.S. Securities and Exchange Commission (SEC) filing published November 13, HoldCo Asset Management established a new stake in Comerica (NYSE:CMA), acquiring 2.29 million shares. The position was valued at $156.94 million as of September 30, making Comerica the largest holding in the fund’s 13F-reported portfolio.
What Else to Know
The new position accounts for 16.56% of 13F assets under management.
Top holdings after the filing:
NYSE: CMA: $156.94 million (16.6% of AUM)
NASDAQ: COLB: $147.30 million (15.6% of AUM)
NASDAQ: FIBK: $125.89 million (13.3% of AUM)
NASDAQ: EBC: $116.32 million (12.3% of AUM)
NYSE: CFG: $110.91 million (11.7% of AUM)
As of Thursday, CMA shares were priced at $86.93, up 41% over the past year and well outperforming the S&P 500, which is instead up about 16% in the same period.
Company Overview
Price (as of Thursday)
$86.93
Market Capitalization
$11.11 billion
Revenue (TTM)
$3.34 billion
Net Income (TTM)
$717.00 million
Company Snapshot
Comerica provides a broad suite of financial products and services, including commercial loans, deposit accounts, cash management, wealth management, and consumer lending.
Main customers include small and middle-market businesses, multinational corporations, government entities, and individual consumers.
It operates across Texas, California, Michigan, Arizona, Florida, Canada, and Mexico, serving a diverse client base in key U.S. markets.
Comerica is a leading regional financial institution with a diversified business model spanning commercial banking, retail banking, and wealth management. The company leverages its strong presence in major markets to serve a wide range of clients, from businesses to individuals. Its focus on relationship-driven banking and comprehensive financial solutions supports its competitive position in the regional banking sector.
Foolish Take
A $156.94 million position does not become a portfolio’s largest holding by accident, especially when it represents roughly 17% of reported assets. This is a bet on durability in a sector that has had a tumultuous few years. The S&P Regional Banks Select Industry Index is up about 9% over the past year and still 18% below 2022 highs, so Comerica’s outperformance is certainly notable.
The bank’s latest quarter helps explain why. The bank posted $176 million in third-quarter net income, or $1.35 per share, down from $184 million one year ago but supported by stable net interest income of $574 million and average deposits rising to $62.7 billion. Capital remains a clear strength. The common equity tier 1 ratio stood near 11.9%, well above management’s long-term target, while $150 million in share repurchases during the quarter reinforced balance sheet confidence even as noninterest income softened.
More broadly, this fund’s top holdings cluster tightly around regional banks including Columbia Banking System, First Interstate, Eastern Bankshares, and Citizens Financial, making Comerica a deliberate overweight rather than a one-off trade. The stock’s 41% gain over the past year suggests much of the easy rebound is gone, but the appeal here is likely operational steadiness, not a rerating miracle.
Glossary
13F assets under management: The total value of securities a fund reports in its quarterly SEC Form 13F filing.
Position: The amount of a particular security or asset held by an investor or fund.
Stake: The ownership interest or share held in a company by an investor or fund.
Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Regional banking sector: Banks that primarily serve customers within specific geographic areas, rather than nationwide or globally.
Portfolio: The collection of investments held by an individual or institution.
Assets under management (AUM): The total market value of investments managed by a fund or financial institution.
Outperforming: Achieving a higher return than a benchmark or comparable investment.
New position: The initial purchase of a security or asset not previously held in a portfolio.
Holding: A security or asset currently owned within a portfolio.
Commercial loans: Loans provided by banks to businesses for various purposes, such as expansion or working capital.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comerica Becomes a $157 Million Top Holding as Shares Surge 41% Year Over Year

The U.S. banking industry is closing 2025 on a powerful note, with third-quarter profitability having reportedly reached its highest level in over a decade (as per a recent report by the S&P Global Market Intelligence Unit). This robust performance, driven by favorable interest rates and a resilient economy, must renew investor focus on the industry as we head into 2026.
For those looking to gain exposure to this banking resurgence while mitigating the risks associated with any single stock, considering diversified Bank exchange-traded funds (ETFs) presents a compelling investment strategy. These funds offer a way to capture the sector's overall growth potential.
Factors Influencing the 2025 Profit Surge
The U.S. banking industry's strong performance this year can be attributed to several catalysts working in unison:
• Resilient Net Interest Margin (NIM): Despite the Fed's multiple rate cuts this year, U.S. banks managed deposit costs effectively, while maintaining lending yields. This helped them preserve better-than-expected net interest income and resulted in wider margins.
• Strong Credit Quality: Despite economic uncertainty, consumer and business balance sheets have remained relatively healthy, leading to low loan delinquency rates and minimal provisions for credit losses.
• Increased Capital Markets Activity: A resurgence in mergers, acquisitions, and debt underwriting has fueled non-interest income for major investment banking divisions.
• Robust Trading Revenues: Heightened market volatility in fixed income and equities allowed major institutions to capitalize on increased client flow and proprietary trading gains.
2026 Remains a Tailwind for Bank ETF Holders
As we enter 2026, the outlook for the U.S. banking industry remains bullish but complex. While the initial "profit pop" from onshoring and deregulation has been realized, the next phase of growth will likely come from AI-driven productivity gains and a steadying credit environment.
While net interest margins may plateau as funding costs adjust, banks will enter the year with elevated earnings, stronger capital, and improving fee income from investment banking and wealth management.
So, the pace of profit growth may moderate, but margins can be expected to remain healthy by historical standards. For investors, holding a collective portfolio of banks via ETFs should be increasingly profitable. It allows exposure to the entire industry's profit margin — from the massive investment banks to resilient regional lenders — without the volatility of a single-stock risk like a bank’s unique credit quality concerns.
Bank ETFs to Watch for 2026
Considering the aforementioned discussion, here we have offered a few prominent ETFs that provide broad exposure to the U.S. banking industry:
First Trust NASDAQ Bank ETF FTXO
This fund, with assets worth $274.6 million, provides exposure to 49 US companies within the banking industry. Its top three holdings include Citigroup C (8.63%), Wells Fargo WFC (8.43%) and Bank of America BAC (8.04%).
FTXO has surged 21.6% year to date. The fund charges 60 basis points (bps) as fees. It traded at a volume of 0.03 million shares in the last trading session.
State Street SPDR S&P Bank ETF KBE
This fund, with assets under management (AUM) worth $1.41 billion, provides exposure to 102 companies that are Asset Management & Custody Banks, Diversified Banks, Regional Banks, Diversified Financial Services institutes, and Commercial & Residential Mortgage Finance institutes.
Its top three holdings include Comerica CMA (1.26%), BankUnited BKU (1.17%) and Bank of California BANC (1.16%).
KBE has surged 15.4% year to date. The fund charges 35 bps as fees. It traded at a volume of 1.30 million shares in the last trading session.
Invesco KBW Bank ETF KBWB
This fund, with market value worth $6.21 billion, offers exposure to 26 companies primarily engaged in U.S. banking activities. Its top three holdings include Goldman Sachs GS (8.63%), Morgan Stanley MS (8.53%) and WFC (8.27%).
KBWB has rallied 31.4% year to date. The fund charges 35 bps as fees. It traded at a volume of 2.07 million shares in the last trading session.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bank ETFs Shine as US Banking Profit Hits Decade High in Q3

Investors in Comerica Incorporated CMA need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 16, 2026 $20 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Comerica shares, but what is the fundamental picture for the company? Currently, Comerica is a Zacks Rank #3 (Hold) in the Banks - Major Regional industry that ranks in the Top 22% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.30 per share to $1.28 in that period.
Given the way analysts feel about Comerica right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Implied Volatility Surging for Comerica Stock Options

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Bank of America Corp (Symbol: BAC), where a total of 182,308 contracts have traded so far, representing approximately 18.2 million underlying shares. That amounts to about 48.5% of BAC's average daily trading volume over the past month of 37.6 million shares. Especially high volume was seen for the $55 strike call option expiring December 12, 2025, with 23,027 contracts trading so far today, representing approximately 2.3 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $55 strike highlighted in orange:
ServiceNow Inc (Symbol: NOW) saw options trading volume of 6,845 contracts, representing approximately 684,500 underlying shares or approximately 48.4% of NOW's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $1160 strike put option expiring January 16, 2026, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $1160 strike highlighted in orange:
And Comerica, Inc. (Symbol: CMA) saw options trading volume of 6,463 contracts, representing approximately 646,300 underlying shares or approximately 48.3% of CMA's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $72.50 strike call option expiring December 19, 2025, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of CMA. Below is a chart showing CMA's trailing twelve month trading history, with the $72.50 strike highlighted in orange:
For the various different available expirations for BAC options, NOW options, or CMA options, visit StockOptionsChannel.com.
Also see:
CNAC YTD Return
BLDP YTD Return
VRT shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: BAC, NOW, CMA

Key Points
Tepper's fund has beaten the market for decades, delivering exceptional returns along the way.
Oracle has been extremely volatile in recent months. The company reported blowout earnings in September, but now investors have doubts.
Appaloosa just loaded up on stocks in a sector that has underperformed the broader market, but which several Wall Street analysts are bullish on.
Billionaire David Tepper's track record in the stock market is nothing short of remarkable. According to CNBC, the current owner of the Carolina Panthers pro football team launched his hedge fund Appaloosa Management in 1993 and generated annual returns of at least 25% for decades. Today, Tepper still runs Appaloosa, but it is now a family office, where he manages his own wealth.
The market is always curious about what Tepper and his fund are up to. In the third quarter, Appaloosa dumped its stake in Oracle and loaded up on a sector that Wall Street expects to outperform over the next year.
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Oracle faded after a strong rally
The tech company Oracle is not one of the "Magnificent Seven," but it has emerged as a strong beneficiary of artificial intelligence (AI), thanks to its specialized data centers that contain huge clusters of graphics processing units (GPUs) to train large language models (LLMs) that power AI.
In September, the company reported strong earnings for the first quarter of its fiscal 2026, along with blowout guidance. Remaining performance obligations increased 359% year over year to $455 billion, as it signed data center agreements with major hyperscalers, including OpenAI.
Management then said it expects to generate $18 billion in cloud infrastructure revenue in fiscal 2026, followed by $32 billion, $73 billion, $114 billion, and then $144 billion annually over the next four fiscal years, in that order. The stock popped about 40% at the time.
But Oracle has largely retraced these gains, as concerns about AI valuations and other obstacles proliferated. Reports about higher costs for its AI infrastructure build-out and thinner margins have contributed to the struggles. It appears that Tepper has concerns about the company as well because Appaloosa sold all of its 150,000 shares in the third quarter.
Buying the sector that Wall Street is bullish on
In the third quarter, Appaloosa piled into the financials sector, snapping up shares and initiating positions in several regional banks and other related financial companies. Its purchases were:
925,000 shares of the bank core-processing technology company Fiserv.
1.4 million shares in Truist Financial.
Over 2 million shares in KeyCorp.
600,000 shares in Citizens Financial Group.
462,500 shares in Comerica.
195,000 shares in Western Alliance Bancorp.
285,000 shares in Zions Bancorporation.
The financials sector has somewhat struggled this year, with both the large-bank Financial Select Sector SPDR Fund and the State Street SPDR S&P Regional Banking ETF trailing the broader market. But many Wall Street analysts are bullish on financials. Morgan Stanley's chief U.S. equity strategist, Mike Wilson, recently said his team is overweight in financials, while SoFi's head of investment strategy, Liz Thomas, has also remained bullish on the sector.
I would agree that the outlook for financials is strong. Several of the regional banks that Tepper invested in may ultimately be acquired, as regional banks require significantly more scale to compete with the large money-center banks. In fact, Comerica was acquired in October, so Tepper and Appaloosa may have enjoyed a nice premium on that one.
Furthermore, banks are poised for deregulation. Specifically, the Federal Reserve may lower regulatory capital requirements, the capital that banks must hold for unexpected losses.
The less capital that banks are required to hold, the more they can deploy into lending to boost returns, as well as shareholder distributions. Since the Great Recession, bank lending has really been minimal, which is part of what led to the rise of private credit. Lower capital requirements could lead to increased bank lending.
While historically strong credit is likely to normalize some, there is no evidence that credit quality in the banking system has experienced significant deterioration. For all of these reasons, I am bullish on the sector.
Should you invest $1,000 in Oracle right now?
Before you buy stock in Oracle, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Oracle wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $562,536!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,096,510!*
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*Stock Advisor returns as of November 17, 2025
Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle and Truist Financial. The Motley Fool recommends Western Alliance Bancorporation. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.