Comerica (CMA) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 2 sell ratings, 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMA shares.
View CMA analyst ratings or view top-rated stocks.

20 equities research analysts have issued 12 month price objectives for Comerica's stock. Their CMA share price forecasts range from $45.00 to $88.00. On average, they predict the company's share price to reach $61.06 in the next twelve months. This suggests a possible upside of 48.1% from the stock's current price.
View analysts price targets for CMA or view top-rated stocks among Wall Street analysts.

Comerica's stock was trading at $66.85 at the start of the year. Since then, CMA stock has decreased by 38.3% and is now trading at $41.22.
View the best growth stocks for 2023 here.

Comerica saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 8,190,000 shares, a decrease of 7.7% from the August 15th total of 8,870,000 shares. Based on an average daily trading volume, of 2,400,000 shares, the short-interest ratio is presently 3.4 days. Approximately 6.3% of the company's shares are short sold.
View Comerica's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our CMA earnings forecast.

Comerica will be holding an earnings conference call on Friday, October 20th at 8:15 AM Eastern. Interested parties can register for or listen to the call using this link.

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings results on Friday, July, 21st. The financial services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.86 by $0.15. The financial services provider earned $1.38 billion during the quarter, compared to analysts' expectations of $904.80 million. Comerica had a trailing twelve-month return on equity of 25.54% and a net margin of 27.01%. During the same period in the previous year, the business earned $1.92 EPS.
Read the conference call transcript.

Comerica announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, September 15th will be given a dividend of $0.71 per share on Sunday, October 1st. This represents a $2.84 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Thursday, September 14th.
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).

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.89%. 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 29.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 45.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."

Comerica's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.33%), State Street Corp (5.03%), Charles Schwab Investment Management Inc. (2.41%), Alliancebernstein L.P. (2.21%), Geode Capital Management LLC (2.21%) and Dimensional Fund Advisors LP (1.15%). 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.
View institutional ownership trends.

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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One share of CMA stock can currently be purchased for approximately $41.22.

Comerica (NYSE:CMA) has a market capitalization of $5.43 billion and generates $3.74 billion in revenue each year. The financial services provider earns $1.15 billion in net income (profit) each year or $9.58 on an earnings per share basis.

The company employs 7,649 workers across the globe.

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The official website for the company is www.comerica.com. The financial services provider can be reached via phone at (214) 462-6831, via email at investorrelations@comerica.com, or via fax at 302-424-4866.