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

20 Wall Street research 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 research 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 shares. Their CMA share price targets range from $43.00 to $80.00. On average, they predict the company's stock price to reach $54.19 in the next twelve months. This suggests a possible upside of 20.2% 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 32.6% and is now trading at $45.08.
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Comerica saw a decline in short interest in October. As of October 31st, there was short interest totaling 5,950,000 shares, a decline 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 days-to-cover ratio is presently 2.9 days. Approximately 4.5% of the shares of the stock 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) released its quarterly earnings results on Friday, October, 20th. The financial services provider reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.15. The financial services provider earned $1.40 billion during the quarter, compared to the consensus estimate of $880.88 million. Comerica had a net margin of 23.12% and a trailing twelve-month return on equity of 23.66%. During the same quarter in the prior year, the business posted $2.60 earnings per share.
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Comerica declared a quarterly dividend on Tuesday, November 7th. Shareholders 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 6.30%. The ex-dividend date of this dividend 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 6.56%. 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 many different retail and institutional investors. Top institutional shareholders 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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