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NYSE:CMA

Comerica Stock Forecast, Price & News

$52.77
+0.75 (+1.44 %)
(As of 12/3/2020 12:00 AM ET)
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Compare
Today's Range
$51.63
Now: $52.77
$53.41
50-Day Range
$40.59
MA: $47.48
$54.59
52-Week Range
$24.28
Now: $52.77
$73.43
Volume1.78 million shs
Average Volume2.18 million shs
Market Capitalization$7.34 billion
P/E Ratio14.54
Dividend Yield5.23%
Beta1.67
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business 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 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. It also offers 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 provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona and Florida, as well as in 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.
Comerica logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.32 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP20034010
Phone214-462-6831
Employees7,948

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.82 billion
Cash Flow$9.70 per share
Book Value$53.78 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Market Cap$7.34 billion
Next Earnings Date1/19/2021 (Estimated)
OptionableOptionable
$52.77
+0.75 (+1.44 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Comerica (NYSE:CMA) Frequently Asked Questions

How has Comerica's stock price been impacted by Coronavirus (COVID-19)?

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CMA stock has increased by 38.8% and is now trading at $52.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Comerica?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 10 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Comerica
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Comerica?

Wall Street analysts have given Comerica a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Comerica wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for Comerica
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its quarterly earnings results on Tuesday, October, 20th. The financial services provider reported $1.44 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.84 by $0.60. The financial services provider earned $710 million during the quarter, compared to analyst estimates of $697.43 million. Comerica had a return on equity of 7.12% and a net margin of 16.17%. During the same period in the previous year, the company posted $1.96 EPS.
View Comerica's earnings history
.

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

Comerica declared a quarterly dividend on Monday, November 2nd. Investors of record on Tuesday, December 15th will be given a dividend of $0.68 per share on Friday, January 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Monday, December 14th.
View Comerica's dividend history
.

How will Comerica's stock buyback program work?

Comerica announced that its Board of Directors has authorized a share buyback plan on Tuesday, January 22nd 2019, which authorizes the company to buyback 15,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

What price target have analysts set for CMA?

20 analysts have issued 12 month target prices for Comerica's shares. Their forecasts range from $26.00 to $70.00. On average, they anticipate Comerica's stock price to reach $43.54 in the next twelve months. This suggests that the stock has a possible downside of 17.5%.
View analysts' price targets for Comerica
.

Who are some of Comerica's key competitors?

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 key executives?

Comerica's management team includes the following people:
  • Mr. Curtis Chatman Farmer, Exec. Chairman, CEO & Pres (Age 57, Pay $1.85M)
  • Mr. James J. Herzog, CFO & Exec. VP (Age 57, Pay $588.93k)
  • Mr. John D. Buchanan, Exec. VP of Legal & Regulatory Affairs and Corp. Sec. (Age 56, Pay $1.13M)
  • Mr. Peter L. Sefzik, Exec. VP & Exec. Director of Commercial Bank (Age 44, Pay $922.71k)
  • Mr. Jay K. Oberg, Exec. VP & Chief Risk Officer (Age 50, Pay $897.12k)
  • Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council
  • Ms. Megan D. Crespi, Exec. VP and Chief Enterprise Technology & Operations Services Officer
  • Mr. Mauricio A. Ortiz, Sr. VP & Chief Accounting Officer (Age 40)
  • Ms. Darlene P. Persons, Director of Investor Relations
  • Ms. Megan D. Burkhart, Exec. VP & Chief HR Officer (Age 48)

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.54%), State Street Corp (6.04%), King Luther Capital Management Corp (1.80%), Prudential PLC (1.58%), Charles Schwab Investment Management Inc. (1.49%) and Neuberger Berman Group LLC (1.37%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr.
View institutional ownership trends for Comerica
.

Which institutional investors are selling Comerica stock?

CMA stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Connor Clark & Lunn Investment Management Ltd., Thrivent Financial for Lutherans, JPMorgan Chase & Co., O Shaughnessy Asset Management LLC, AQR Capital Management LLC, Victory Capital Management Inc., and PL Capital Advisors LLC. Company insiders that have sold Comerica company stock in the last year include James Harry Weber, and Jay K Oberg.
View insider buying and selling activity for Comerica
.

Which institutional investors are buying Comerica stock?

CMA stock was bought by a variety of institutional investors in the last quarter, including Prudential PLC, State Street Corp, Neuberger Berman Group LLC, Envestnet Asset Management Inc., Prospector Partners LLC, AXA S.A., Natixis, and Jupiter Asset Management Ltd..
View insider buying and selling activity for Comerica
.

How do I buy shares of Comerica?

Shares of CMA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $52.77.

How big of a company is Comerica?

Comerica has a market capitalization of $7.34 billion and generates $3.82 billion in revenue each year. The financial services provider earns $1.20 billion in net income (profit) each year or $7.81 on an earnings per share basis. Comerica employs 7,948 workers across the globe.

What is Comerica's official website?

The official website for Comerica is www.comerica.com.

How can I contact Comerica?

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The financial services provider can be reached via phone at 214-462-6831 or via email at [email protected]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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