What is Comerica Incorporated's stock symbol?
Comerica Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."
How often does Comerica Incorporated pay dividends? What is the dividend yield for Comerica Incorporated?
Comerica Incorporated declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.23 per share on Saturday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, March 13th.
Where is Comerica Incorporated's stock going? Where will Comerica Incorporated's stock price be in 2017?
24 analysts have issued 12 month price objectives for Comerica Incorporated's stock. Their forecasts range from $36.00 to $69.00. On average, they expect Comerica Incorporated's stock price to reach $50.65 in the next year.
When will Comerica Incorporated announce their earnings?
Comerica Incorporated is scheduled to release their next quarterly earnings announcement on Monday, April, 17th 2017.
What are analysts saying about Comerica Incorporated stock?
Here are some recent quotes from research analysts about Comerica Incorporated stock:
According to Zacks Investment Research, "Comerica’s shares outperformed the Zacks categorized Regional Banks-Major industry over the last six months. The company’s fourth-quarter 2016 earnings beat the Zacks Consensus Estimate, primarily driven by higher revenues and fall in provisions. However, lower deposits were a headwind. The company’s growth prospects look promising as it revised the financial targets for its revenue and efficiency initiatives (GEAR Up). Further, easing of pressure on margin due to recent Fed interest rate hike is encouraging. However, consistently increasing provisions related to energy sector keep us apprehensive. Also, several regulatory overhangs are likely to restrict its business investments in the near-term." (2/20/2017)
- FBR & Co analysts commented, "We reiterate our Market Perform rating and $74 price target, equal to 16.1x our 2018 operating EPS estimate and 1.8x TBV, on Comerica Incorporated following 4Q16 results. This was a good quarter for Comerica with upside from lower expenses as the company's GEAR-Up initiative is starting to bear fruit, but investors were disappointed with CMA's guidance for 2017 loan growth roughly in line with real GDP. Given its markets and improving customer sentiment, the expectation was for more. Still, given expected GEAR-Up cost benefits and rate-induced revenue benefits, we believe CMA can achieve a double-digit ROTCE and sub-60% operating efficiency ratio by year-end. We remain on the sidelines given the muted growth outlook and relative valuation. To reflect lower expenses and the benefit from higher rates, mitigated by slower growth, we raise our 2017 operating EPS estimate to $3.90 (from $3.75) and our 2018 EPS estimate to $4.60 (from $4.45)." (1/17/2017)
Goldman Sachs Group, Inc. (The) analysts commented, "CMA has failed to earn its cost of capital" since 2010, but recently the company's decision to hire a consulting firm to explore "strategic alternatives" has the analyst positive on the company.Related Link: CLSA's Mike Mayo Talks Comerica's Annual Meeting: Management Is "Finally Listening"In addition to opportunities to improve returns, the company is open to strategic alternatives as well. Major restructuring of the company could raise its return on equity to 10 percent. In a potential M&A deal, Comerica could gain a valuation of $60–$70. The "potential for strategic actions will likely provide downside protection to shares," Nash noted.Organic PlanRestructuring would increase returns from 7 percent to 10 percent with expense and revenue initiates and capital optimization. If properly done it could push valuation to $57.Strategic PlanWith Comerica's history and recent metrics, CMA could "achieve a $60–$70 valuation in a sale," (5/19/2016)
Who owns Comerica Incorporated stock?
Comerica Incorporated's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (5.17%), FMR LLC (4.92%), Eton Park Capital Management L.P. (1.18%), Appaloosa LP (0.66%), Thrivent Financial for Lutherans (0.61%) and Dimensional Fund Advisors LP (0.59%). Company insiders that own Comerica Incorporated stock include David E Duprey, De Ven Michael G Van, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer and Peter William Guilfoile.
Who sold Comerica Incorporated stock? Who is selling Comerica Incorporated stock?
Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Levin Capital Strategies L.P., Two Sigma Investments LP, Basswood Capital Management L.L.C., Guggenheim Capital LLC, AQR Capital Management LLC, FIL Ltd and Gamco Investors INC. ET AL. Company insiders that have sold Comerica Incorporated stock in the last year include David E Duprey, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer and Peter William Guilfoile.
Who bought Comerica Incorporated stock? Who is buying Comerica Incorporated stock?
Comerica Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Eton Park Capital Management L.P., Appaloosa LP, State Street Corp, Janus Capital Management LLC, Asset Management One Co. Ltd., Russell Investments Group Ltd., Barometer Capital Management Inc. and Blockhouse Capital Management LP.
How do I buy Comerica Incorporated stock?
Shares of Comerica Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Comerica Incorporated stock cost?
One share of Comerica Incorporated stock can currently be purchased for approximately $71.20.