Comerica Bank reassures investors of commitment to shareholder value and profitability amidst pressure to sell from activist group. CEO Curtis Farmer emphasizes strategy and accountability, leaving door open for potential sale. Activist group HoldCo Asset Management pushes for sale, citing poor financial choices and lagging stock performance. HoldCo identifies potential buyers like PNC Financial Services Group and Huntington Bancshares. HoldCo plans proxy battle, urging Comerica’s 11-person board to put shareholders first. Responding to pressure, Comerica spokesperson reiterates commitment to growth and shareholder value. CEO Farmer addresses tough questions on strategy, emphasizing strong franchise and markets. Analysts suggest companies in consolidating industries need to balance message to investors for improved performance.

Read more at Yahoo Finance: Comerica, amid pressure to sell, makes case for independence