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Comerica (CMA) Stock Price, News & Analysis

$50.25
-3.01 (-5.65%)
(As of 05/23/2024 ET)
Today's Range
$49.72
$53.70
50-Day Range
$49.48
$55.18
52-Week Range
$34.88
$57.39
Volume
5.22 million shs
Average Volume
1.38 million shs
Market Capitalization
$6.66 billion
P/E Ratio
9.99
Dividend Yield
5.65%
Price Target
$56.89

Comerica MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
13.2% Upside
$56.89 Price Target
Short Interest
Healthy
3.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.58mentions of Comerica in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$382,382 Sold Last Quarter
Proj. Earnings Growth
17.53%
From $5.19 to $6.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Finance Sector

20th out of 853 stocks

National Commercial Banks Industry

5th out of 78 stocks

CMA stock logo

About Comerica Stock (NYSE:CMA)

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

CMA Stock Price History

CMA Stock News Headlines

Comerica (CMA) Gets a Sell from Wells Fargo
What the Options Market Tells Us About Comerica
Comerica Hit With OCC Enforcement Action
/C O R R E C T I O N -- Comerica Incorporated/
Comerica (NYSE:CMA) Will Pay A Dividend Of $0.71
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/18/2024
Today
5/24/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Diversified Banks
CUSIP
20034010
Employees
7,863
Year Founded
1849

Price Target and Rating

Average Stock Price Target
$56.89
High Stock Price Target
$70.50
Low Stock Price Target
$44.00
Potential Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
22 Analysts

Profitability

Net Income
$881 million
Pretax Margin
17.09%

Debt

Sales & Book Value

Annual Sales
$5.25 billion
Cash Flow
$8.07 per share
Book Value
$42.66 per share

Miscellaneous

Free Float
132,335,000
Market Cap
$6.66 billion
Optionable
Optionable
Beta
1.27

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Key Executives


CMA Stock Analysis - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 2 sell ratings, 15 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.
View CMA analyst ratings
or view top-rated stocks.

What is Comerica's stock price target for 2024?

22 Wall Street research analysts have issued 1 year target prices for Comerica's shares. Their CMA share price targets range from $44.00 to $70.50. On average, they anticipate the company's stock price to reach $56.89 in the next twelve months. This suggests a possible upside of 13.2% 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 2024?

Comerica's stock was trading at $55.81 at the start of the year. Since then, CMA shares have decreased by 10.0% and is now trading at $50.25.
View the best growth stocks for 2024 here
.

When is Comerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 19th 2024.
View our CMA earnings forecast
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Thursday, April, 18th. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.16. The financial services provider earned $1.26 billion during the quarter, compared to analyst estimates of $807.57 million. Comerica had a net margin of 13.11% and a trailing twelve-month return on equity of 16.51%. During the same period in the prior year, the company posted $2.39 EPS.
Read the conference call transcript
.

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

Comerica declared a quarterly dividend on Monday, April 22nd. Stockholders of record on Friday, June 14th will be given a dividend of $0.71 per share on Monday, July 1st. This represents a $2.84 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Friday, 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 5.33%. 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 56.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 46.56% 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).

Who are Comerica's major shareholders?

Comerica's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.52%), Vaughan Nelson Investment Management L.P. (1.37%), Jacobs Levy Equity Management Inc. (0.70%), LSV Asset Management (0.63%), Artemis Investment Management LLP (0.29%) and BNP Paribas Financial Markets (0.26%). Insiders that own company stock include Cassandra M Mckinney, Christine M Moore, James Harry Weber, Jay K Oberg, John D Buchanan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NYSE:CMA) was last updated on 5/24/2024 by MarketBeat.com Staff

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