Comerica Stock Price, News & Analysis (NYSE:CMA)

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMA, but not buy additional shares or sell existing shares.
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20 brokerages have issued 12 month price targets for Comerica's stock. Their CMA share price targets range from $43.00 to $80.00. On average, they expect the company's stock price to reach $53.00 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Comerica's stock was trading at $66.85 at the beginning of the year. Since then, CMA stock has decreased by 27.9% and is now trading at $48.20.
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Comerica saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 5,950,000 shares, a decrease of 14.0% from the October 15th total of 6,920,000 shares. Based on an average trading volume of 2,030,000 shares, the short-interest ratio is presently 2.9 days. Approximately 4.5% of the company's shares are sold short.
View Comerica's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CMA earnings forecast.

Comerica Incorporated (NYSE:CMA) issued its earnings results on Friday, October, 20th. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. The financial services provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $880.88 million. Comerica had a trailing twelve-month return on equity of 23.66% and a net margin of 23.12%. During the same period in the previous year, the firm earned $2.60 earnings per share.
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Comerica declared a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be given a dividend of $0.71 per share on Monday, January 1st. This represents a $2.84 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for CMA.

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.28%. CMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 49.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

ETFs with the largest weight of Comerica (NYSE:CMA) stock in their portfolio include Mohr Growth ETF (MOHR), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Financial AlphaDEX Fund (FXO), AI Powered Equity ETF (AIEQ), iShares U.S. Regional Banks ETF (IAT), Invesco S&P 500 Equal Weight Financials ETF (RYF) and Invesco S&P 500 Equal Weight Financials ETF (RSPF).

47 employees have rated Comerica Chief Executive Officer Curtis C Farmer on Glassdoor.com. Curtis C Farmer has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), AT&T (T), Intel (INTC), NVIDIA (NVDA), Walmart (WMT), Alibaba Group (BABA), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

Comerica's stock is owned by a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.50%), Invesco Ltd. (2.35%), Morgan Stanley (2.21%), North Reef Capital Management LP (2.18%), Adage Capital Partners GP L.L.C. (1.11%) and Bank of New York Mellon Corp (0.96%). Insiders that own company stock include Cassandra M Mckinney, Cassandra M Mckinney, Christine M Moore, Christine M Moore, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter L Sefzik, Reginald M Turner Jr, Wendy Bridges and Ximena G Humrichouse.
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Shares of CMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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