Comerica Hatch Detroit Contest Opens for Applications, Offering $100,000 in Startup Funding
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Startup Funding Support: The Comerica Hatch Detroit Contest offers $100,000 in startup funding and support services to entrepreneurs looking to establish brick-and-mortar stores in Detroit, Hamtramck, or Highland Park, aiming to foster local small business development.
- Public Voting Mechanism: The contest includes two rounds of public voting to assist judges in selecting the winner, enhancing community engagement and increasing visibility and market recognition for emerging small businesses.
- Comerica Bank's Commitment: Comerica Bank and its charitable foundation have committed $200,000 to the Hatch Detroit program for the second consecutive year, demonstrating ongoing support and investment in Detroit's small business economy.
- Historical Success Stories: Since its inception in 2011, Hatch Detroit has helped over 60 businesses open, creating more than 500 jobs and investing over $12 million in economic development, highlighting its significant role in promoting local economic growth.
Analyst Views on CMA
Wall Street analysts forecast CMA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMA is 79.46 USD with a low forecast of 68.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
1 Buy
10 Hold
3 Sell
Hold
Current: 91.510
Low
68.00
Averages
79.46
High
97.00
Current: 91.510
Low
68.00
Averages
79.46
High
97.00
About CMA
Comerica Incorporated is a financial services company. The Company's segments include Commercial Bank, Retail Bank, Wealth Management, Finance and Other. Commercial Bank segment meets the needs of small and middle market businesses, multinational corporations and governmental entities by offering various products and services including commercial loans and lines of credit, deposits, cash management, and others. Retail Bank segment includes a full range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. It offers a variety of consumer products, including deposit accounts, installment loans, credit cards and others. Wealth Management segment provides products and services to affluent, high-net worth and ultra-high-net-worth individuals and families, business owners and executives, and institutional clients. Finance segment includes its securities portfolio and asset and liability management activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
