The market isn't seeing the value for Comerica (CMA -8.4%) in its $1.03B purchase of Sterling...

|About: Comerica Inc. (CMA)|By:, SA News Editor

The market isn't seeing the value for Comerica (CMA -8.4%) in its $1.03B purchase of Sterling Bancshares (SBIB +16.4%). Although the deal seems to make strategic sense due to an 80% overlap of Texas-based deposits, the consensus is that Comerica paid too much.