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Comerica (CMA) Stock Forecast, Price & News

$42.73
-0.72 (-1.66%)
(As of 10:09 AM ET)
Compare
Today's Range
$41.92
$43.31
50-Day Range
$31.21
$47.09
52-Week Range
$28.40
$87.02
Volume
455,309 shs
Average Volume
3.78 million shs
Market Capitalization
$5.63 billion
P/E Ratio
4.50
Dividend Yield
6.65%
Price Target
$67.97

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
56.4% Upside
$67.97 Price Target
Short Interest
Healthy
6.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.44mentions of Comerica in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.71%
From $8.23 to $7.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.04 out of 5 stars

Finance Sector

83rd out of 862 stocks

National Commercial Banks Industry

14th out of 85 stocks


CMA stock logo

About Comerica (NYSE:CMA) Stock

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services. The Retail Bank segment includes personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination, and offers consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment includes the corporation's securities portfolio and asset and liability management activities. The Other segment includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequ

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CMA Stock News Headlines

Regional Banks Showing Signs Of Recovery As Stocks Rebound (CMA)
Regional banks Zions, Comerica, and KeyCorp, all S&P 500 components, lead financial sector gains, signaling potential recovery amid market challenges.
All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Citi Sticks to Their Buy Rating for Comerica (CMA)
All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Expert Ratings for Comerica
What 15 Analyst Ratings Have To Say About Comerica
Comerica (NYSE:CMA) Lifted to Buy at Odeon Capital Group
Comerica Shareholder Action Reminder
Why Comerica Stock Was Rising Today
Why Comerica Stock Was Rising Today
Comerica (NYSE: CMA)
Comerica (NYSE:CMA) Shares Down 6.5%
Comerica Shareholder Notice
Comerica Investor Alert
See More Headlines

CMA Price History

CMA Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2023
Dividend Payable
4/01/2023
Last Earnings
4/20/2023
Today
6/09/2023
Ex-Dividend for 7/1 Dividend
6/14/2023
Dividend Payable
7/01/2023
Next Earnings (Confirmed)
7/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
20034010
Employees
7,649
Year Founded
1849

Price Target and Rating

Average Stock Price Forecast
$67.97
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+56.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

Net Income
$1.15 billion
Pretax Margin
38.68%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$9.59 per share
Book Value
$36.56 per share

Miscellaneous

Free Float
130,669,000
Market Cap
$5.72 billion
Optionable
Optionable
Beta
1.15

Social Links


Key Executives

  • Curtis Chatman Farmer
    Chairman, President & Chief Executive Officer
  • Megan D. Crespi
    Chief Operating Officer & Senior Executive VP
  • James J. Herzog
    Chief Financial Officer & Senior Executive VP
  • Melinda A. ChausseMelinda A. Chausse
    Chief Credit Officer & Senior Executive VP
  • Jay K. ObergJay K. Oberg
    Chief Risk Officer & Senior Executive VP













CMA Stock - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CMA shares.
View CMA analyst ratings
or view top-rated stocks.

What is Comerica's stock price forecast for 2023?

19 Wall Street analysts have issued 1-year price targets for Comerica's stock. Their CMA share price forecasts range from $46.00 to $93.00. On average, they anticipate the company's stock price to reach $67.97 in the next twelve months. This suggests a possible upside of 56.4% from the stock's current price.
View analysts price targets for CMA
or view top-rated stocks among Wall Street analysts.

How have CMA shares performed in 2023?

Comerica's stock was trading at $66.85 at the start of the year. Since then, CMA shares have decreased by 35.0% and is now trading at $43.46.
View the best growth stocks for 2023 here
.

Are investors shorting Comerica?

Comerica saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,040,000 shares, a decline of 6.9% from the April 30th total of 8,640,000 shares. Based on an average daily volume of 5,010,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 6.2% of the company's stock are short sold.
View Comerica's Short Interest
.

When is Comerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 21st 2023.
View our CMA earnings forecast
.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Friday, July 21st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its earnings results on Thursday, April, 20th. The financial services provider reported $2.39 EPS for the quarter, beating the consensus estimate of $2.26 by $0.13. The financial services provider had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $966.40 million. Comerica had a net margin of 30.16% and a trailing twelve-month return on equity of 24.34%. During the same period last year, the company earned $1.37 earnings per share.
Read the conference call transcript
.

How often does Comerica pay dividends? What is the dividend yield for Comerica?

Comerica announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.71 per share on Saturday, July 1st. This represents a $2.84 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for CMA
.

Is Comerica a good dividend stock?

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.57%. 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 29.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 36.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

What is Curtis C Farmer's approval rating as Comerica's CEO?

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.

What other stocks do shareholders of Comerica own?

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).

What is Comerica's stock symbol?

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

Who are Comerica's major shareholders?

Comerica's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.11%), State Street Corp (4.89%), First Trust Advisors LP (2.95%), Charles Schwab Investment Management Inc. (2.29%), Geode Capital Management LLC (2.15%) and FMR LLC (1.58%). 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
.

How do I buy shares of Comerica?

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.
Compare Top Brokerages Here.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $43.46.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $5.72 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 $9.49 on an earnings per share basis.

How many employees does Comerica have?

The company employs 7,649 workers across the globe.

Does Comerica have any subsidiaries?
The following companies are subsidiares of Comerica: B&G Tax Equity Partnership LLC, Briel Farm Solar LLC, Cass & Co., Comerica Assurance Ltd., Comerica Bank, Comerica Bank & Trust National Association, Comerica Capital Advisors Incorporated, Comerica Financial Incorporated, Comerica Holdings Incorporated, Comerica Insurance Group Inc., Comerica Insurance Services Inc., Comerica Insurance Services of Texas Incorporated, Comerica Investment Services Inc., Comerica Leasing Corporation, Comerica Management Company, Comerica Properties Corporation, Comerica Securities Inc., Comerica Ventures Incorporated, Gardy's Mill Solar LLC, Imperial Bancorp, Interstate Select Insurance Services Inc., Munder UK L.L.C., SCFS Reverse Exchange LLC, Silver Funding Corp., Sterling Bancshares, USB RETC Fund 2020-23 LLC, VRB Comfort LLC, VRB Corp., VRB Marketplace of Rochester Hills LLC, VRB Ocala Ranch LLC, VRB Red Oak LLC, WAM Holdings Inc., and Wilson Kemp & Associates Inc..
Read More
How can I contact Comerica?

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.

This page (NYSE:CMA) was last updated on 6/9/2023 by MarketBeat.com Staff

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