12:30 PM EDT, 07/28/2025 (MT Newswires) -- (Updates with Comerica ( CMA ) statement and recent stock movement starting in the fifth paragraph.)

Comerica ( CMA ) should immediately start a process to sell itself, HoldCo Asset Management said in a presentation Monday.

HoldCo, which said it has a 1.8% stake in the company, urged Comerica ( CMA ) to engage an investment banker and announce plans to run a marketing process for such sale.

"The financial and regulatory stars presently and uniquely align for a high-priced sale of Comerica ( CMA ), and this rare opportunity should not be squandered," HoldCo said.

HoldCo also urged the immediate removal of Comerica ( CMA ) Chief Executive Curtis Farmer, accusing him of "poor management and obfuscatory communication tactics."

The company said in a statement emailed to MT Newswires that it continues to execute its strategic plan to drive value for its shareholders.

"Our board and management team have a strong track record of making strategic improvements to create long-term value, and we are confident in the future of our business," the company said.

Comerica ( CMA ) shares were up 2.2% in recent trading.

Price: 69.49, Change: +1.50, Percent Change: +2.21