Home » Bear Case Scenario » Comerica: Texas, California or Michigan Which is Bear Case Scenario $ CMA, $USB, $PNC, $BBT, $STI, $XLF, $KRE, $KRS, $KBWB, $KBWR

Comerica: Texas, California or Michigan Which is Bear Case Scenario $ CMA, $USB, $PNC, $BBT, $STI, $XLF, $KRE, $KRS, $KBWB, $KBWR

Comerica is about to release earnings. Long known for its Detroit and Michigan exposure Comerica is expanding into Texas and California. The question becomes can they out run the inevitable problems in Detroit and Michigan while they develop Texas and California. The risk becomes will they over reach in Texas and California as they attempt to exit Michigan Velocity. On one hand it does not matter a disaster is a disaster. If it is spread out over three states or one shareholders will be indifferent.

Therefore chances are there will be a serious misstep in the foreseeable future.

George Gutowski writes from a caveat emptor perspective.

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