Most big banks were pummeled by investors on Friday, but Comerica Inc. bucked the trend and sailed higher.

The Detroit banking company's stock jumped $2.187 to $71.562 on an announced buyback of 12 million shares.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.