What Makes Comerica Incorporated (CMA) an Unusual Super Regional Bank?

Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Value Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 9.26% in the fourth quarter, compared to the MSCI World Index, which returned 11.53%, and the MSCI World Value Index’s 9.48% return. The Fund’s year-to-date return, after accounting for this quarter’s performance, is 20.16%, which is less than the MSCI World...