Comerica Incorporated Company Profile (NYSE:CMA)

About Comerica Incorporated

Comerica Incorporated logoComerica Incorporated (Comerica) is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. 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 its securities portfolio, and asset and liability management activities.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Money Center Banks
  • Sub-Industry: Diversified Banks
  • Exchange: NYSE
  • Symbol: CMA
  • CUSIP: 20034010
Key Metrics:
  • Previous Close: $71.20
  • 50 Day Moving Average: $69.30
  • 200 Day Moving Average: $58.11
  • 52-Week Range: $33.61 - $73.85
  • Trailing P/E Ratio: 26.73
  • Foreward P/E Ratio: 15.22
  • P/E Growth: 0.85
  • Market Cap: $12.60B
  • Outstanding Shares: 175,858,000
  • Beta: 1.43
Profitability:
  • Net Margins: 16.00%
  • Return on Equity: 6.92%
  • Return on Assets: 0.74%
Debt:
  • Debt-to-Equity Ratio: 0.66%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.01%
Additional Links:
Companies Related to Comerica Incorporated:

Analyst Ratings

Consensus Ratings for Comerica Incorporated (NYSE:CMA) (?)
Ratings Breakdown: 2 Sell Ratings, 13 Hold Ratings, 9 Buy Ratings
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: $50.65 (29.33% downside)

Analysts' Ratings History for Comerica Incorporated (NYSE:CMA)
Show:
DateFirmActionRatingPrice TargetDetails
1/31/2017Robert W. BairdDowngradeOutperform -> NeutralView Rating Details
1/31/2017Sandler O'NeillDowngradeBuy -> HoldView Rating Details
1/17/2017FBR & CoReiterated RatingMarket PerformView Rating Details
1/10/2017Citigroup Inc.DowngradeNeutral -> SellView Rating Details
1/5/2017J P Morgan Chase & CoUpgradeNeutral -> OverweightView Rating Details
1/3/2017Barclays PLCBoost Price TargetUnderweight$49.00 -> $69.00View Rating Details
12/28/2016Sanford C. BernsteinReiterated RatingMarket PerformView Rating Details
12/19/2016StephensUpgradeEqual Weight -> OverweightView Rating Details
12/15/2016Bank of America CorpUpgradeUnderperform -> NeutralView Rating Details
11/30/2016WedbushBoost Price TargetNeutral$58.00 -> $61.00View Rating Details
11/29/2016Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$53.00 -> $68.00View Rating Details
11/28/2016Jefferies Group LLCUpgradeHold -> BuyView Rating Details
10/21/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
10/21/2016RBC Capital MarketsReiterated RatingOutperform$49.00 -> $56.00View Rating Details
10/19/2016Royal Bank of CanadaBoost Price TargetOutperform$49.00 -> $56.00View Rating Details
10/11/2016Deutsche Bank AGBoost Price TargetHold$45.00 -> $52.00View Rating Details
9/16/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$52.00View Rating Details
7/20/2016Compass PointBoost Price TargetNeutral -> Neutral$40.00 -> $44.00View Rating Details
7/17/2016Leerink SwannReiterated RatingBuyView Rating Details
7/12/2016Credit Suisse GroupReiterated RatingHold$37.00View Rating Details
7/9/2016NomuraReiterated RatingHoldView Rating Details
7/8/2016Wells Fargo & CoUpgradeUnderperform -> Market PerformView Rating Details
6/3/2016Raymond James Financial, Inc.Reiterated RatingOutperformView Rating Details
3/1/2016MacquarieLower Price TargetNeutral$39.00 -> $38.00View Rating Details
2/17/2016Evercore ISILower Price TargetHold$39.00 -> $37.00View Rating Details
1/14/2016Sterne Agee CRTLower Price Target$44.00 -> $41.00View Rating Details
12/29/2015Piper Jaffray CompaniesReiterated RatingHoldView Rating Details
11/17/2015Susquehanna Bancshares IncBoost Price TargetNeutral$49.00 -> $50.00View Rating Details
8/26/2015SunTrust Banks, Inc.Lower Price TargetNeutral$57.00 -> $45.00View Rating Details
6/26/2015WunderlichBoost Price TargetBuy$55.00 -> $60.00View Rating Details
4/6/2015GuggenheimDowngradeBuy -> NeutralView Rating Details
(Data available from 2/28/2015 forward)

Earnings

Earnings History for Comerica Incorporated (NYSE:CMA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/17/2017        
1/17/2017Q416$0.87$0.92$728.90 million$722.00 millionViewListenView Earnings Details
10/18/2016Q316$0.74$0.84$722.01 millionViewListenView Earnings Details
7/19/2016Q216$0.69$0.58$715.37 millionViewListenView Earnings Details
4/19/2016Q116$0.45$0.34$708.94 millionViewListenView Earnings Details
1/19/2016Q415$0.69$0.71$691.90 millionViewListenView Earnings Details
10/16/2015Q315$0.69$0.74$689.28 millionViewListenView Earnings Details
7/17/2015Q215$0.75$0.73$673.25 million$682.00 millionViewListenView Earnings Details
4/17/2015Q115$0.73$0.73$626.93 million$669.00 millionViewListenView Earnings Details
1/16/2015Q414$0.77$0.80$640.00 millionViewListenView Earnings Details
10/17/2014Q314$0.80$0.82$638.50 million$629.00 millionViewListenView Earnings Details
7/15/2014Q214$0.76$0.80$625.82 millionViewListenView Earnings Details
4/15/2014Q114$0.72$0.73$616.25 millionViewListenView Earnings Details
1/17/2014Q413$0.74$0.77$619.10 millionViewListenView Earnings Details
10/16/2013Q313$0.71$0.78$618.37 millionViewListenView Earnings Details
7/16/2013Q2 2013$0.70$0.76$621.67 million$622.00 millionViewListenView Earnings Details
4/16/2013Q1 2013$0.68$0.70$622.14 millionViewListenView Earnings Details
1/16/2013Q4 2012$0.65$0.68$620.47 millionViewListenView Earnings Details
10/17/2012$0.66$0.61ViewN/AView Earnings Details
7/17/2012$0.62$0.73ViewN/AView Earnings Details
4/17/2012$0.56$0.66ViewN/AView Earnings Details
1/20/2012$0.54$0.60ViewN/AView Earnings Details
10/19/2011$0.55$0.51ViewN/AView Earnings Details
7/19/2011$0.53$0.53ViewN/AView Earnings Details
4/19/2011$0.48$0.57ViewN/AView Earnings Details
1/18/2011$0.31$0.53ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Comerica Incorporated (NYSE:CMA)
Current Year EPS Consensus Estimate: $3.98 EPS
Next Year EPS Consensus Estimate: $4.71 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167$0.34$0.70$0.55
Q2 20164$0.70$0.71$0.71
Q3 20164$0.70$0.78$0.76
Q4 20165$0.92$1.01$0.96
Q1 20175$0.88$0.98$0.92
Q2 20175$0.94$1.01$0.98
Q3 20175$1.02$1.09$1.06
Q4 20175$1.04$1.17$1.09
Q1 20182$1.04$1.08$1.06
Q2 20182$1.12$1.20$1.16
Q3 20182$1.19$1.25$1.22
Q4 20182$1.25$1.31$1.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Comerica Incorporated (NYSE:CMA)
Annual Dividend:$0.92
Dividend Yield:1.28%
Dividend Growth:9.60% (3 Year Average)
Payout Ratio:34.33% (Based on Trailing 12 Months of Earnings)
23.12% (Based on Current Year Consensus EPS Estimate)
19.53% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Comerica Incorporated (NYSE:CMA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/24/2017quarterly$0.231.33%3/13/20173/15/20174/1/2017
11/8/2016quarterly$0.231.68%12/13/201612/15/20161/1/2017
7/26/2016quarterly$0.232.02%9/13/20169/15/201610/1/2016
4/26/2016quarterly$0.221.93%6/13/20166/15/20167/1/2016
1/26/2016quarterly$0.212.51%3/11/20163/15/20164/1/2016
11/10/2015quarterly$0.211.81%12/11/201512/15/20151/1/2016
7/28/2015quarterly$0.211.76%9/11/20159/15/201510/1/2015
4/28/2015quarterly$0.211.77%6/11/20156/15/20157/1/2015
1/27/2015quarterly$0.201.94%3/11/20153/13/20154/1/2015
11/11/2014quarterly$0.201.63%12/11/201412/15/20141/1/2015
7/22/2014quarterly$0.201.62%9/11/20149/15/201410/1/2014
4/22/2014quarterly$0.201.62%6/11/20146/13/20147/1/2014
1/21/2014quarterly$0.191.52%3/12/20143/14/20144/1/2014
11/12/2013quarterly$0.171.52%12/11/201312/13/20131/1/2014
7/23/2013quarterly$0.171.59%9/11/20139/13/201310/1/2013
4/23/2013quarterly$0.171.9%6/12/20136/14/20137/1/2013
1/22/2013quarterly$0.172.03%3/13/20133/15/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Comerica Incorporated (NYSE:CMA)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 81.74%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/31/2017David E. DupreyCFOSell59,000$67.82$4,001,380.00View SEC Filing  
1/31/2017Megan D. BurkhartEVPSell28,800$67.58$1,946,304.00View SEC Filing  
1/31/2017Paul R. ObermeyerInsiderSell15,235$67.79$1,032,780.65View SEC Filing  
1/25/2017De Ven Michael G VanDirectorBuy5,000$69.14$345,700.00View SEC Filing  
1/25/2017Muneera S. CarrEVPSell1,368$69.13$94,569.84View SEC Filing  
1/20/2017Judith S. LoveInsiderSell36,900$66.77$2,463,813.00View SEC Filing  
1/20/2017Muneera S. CarrEVPSell1,125$66.82$75,172.50View SEC Filing  
11/23/2016Paul R. ObermeyerInsiderSell198$61.96$12,268.08View SEC Filing  
11/21/2016Megan D. BurkhartEVPSell4,373$60.72$265,528.56View SEC Filing  
11/21/2016Peter William GuilfoileInsiderSell106$60.68$6,432.08View SEC Filing  
11/2/2016Michael T. RitchieInsiderSell2,362$50.90$120,225.80View SEC Filing  
10/21/2016Muneera S. CarrEVPSell1,986$51.07$101,425.02View SEC Filing  
8/25/2016Paul R. ObermeyerInsiderSell2,302$45.92$105,707.84View SEC Filing  
3/3/2015Peter William GuilfoileEVPSell1,200$45.81$54,972.00View SEC Filing  
8/22/2014Jon W BilstromEVPSell3,683$50.56$186,212.48View SEC Filing  
8/22/2014Muneera S CarrCAOSell1,403$50.09$70,276.27View SEC Filing  
8/7/2014Michael T RitchieEVPSell1,873$49.30$92,338.90View SEC Filing  
5/30/2014Jon W BilstromEVPSell2,416$47.70$115,243.20View SEC Filing  
5/28/2014Paul R ObermeyerEVPSell8,057$47.15$379,887.55View SEC Filing  
2/5/2014John KillianEVPSell18,906$44.56$842,451.36View SEC Filing  
1/24/2014J Michael FultonEVPSell7,234$47.52$343,759.68View SEC Filing  
7/23/2013David E DupreyEVPSell7,314$42.51$310,918.14View SEC Filing  
7/18/2013Jon W BilstromEVPSell13,148$42.19$554,714.12View SEC Filing  
5/17/2013Thomas D OgdenEVPSell1,987$39.78$79,042.86View SEC Filing  
10/22/2012Jacqueline P KaneDirectorBuy1,000$29.39$29,390.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Comerica Incorporated (NYSE:CMA)
DateHeadline
News IconMovers Stock Analysis – Comerica Incorporated (NYSE:CMA), Actinium Pharmaceuticals Inc (NYSEMKT:ATNM) - Wall Street Times (press release) (NYSE:CMA)
www.wallstreetnews24.com - February 27 at 3:28 PM
News IconHot Stocks Among Investors: Ball Corporation (BLL), Comerica Incorporated (CMA) - Post Analyst (NYSE:CMA)
www.postanalyst.com - February 27 at 3:28 PM
News IconShares of Comerica Incorporated (CMA) Plunge -1.62% – Energy ... - Energy Index (NYSE:CMA)
www.energyindexwatch.com - February 27 at 3:28 PM
News IconWhy Analysts put forward these two stocks: Southern Copper Corporation (SCCO), Comerica Incorporated (CMA) - The USA Commerce (NYSE:CMA)
theusacommerce.com - February 24 at 4:40 PM
News IconFiscal Year Earnings Estimate on Comerica Incorporated(CMA) - Money Flow Index & Trends (NYSE:CMA)
www.moneyflowtrends.com - February 23 at 9:21 PM
News IconAnalyst's Predictions on Fastenal Company (FAST), Comerica Incorporated (CMA) - StockNewsJournal (NYSE:CMA)
stocknewsjournal.com - February 23 at 9:21 PM
nasdaq.com logoAMETEK Now #349 Largest Company, Surpassing Comerica (NYSE:CMA)
www.nasdaq.com - February 22 at 9:30 PM
News IconStock Price of Comerica Incorporated (CMA) Increases 4.9% - Highland Mirror (NYSE:CMA)
www.highlandmirror.com - February 21 at 3:45 PM
News IconAnalysts Near-Term outlook: Comerica Incorporated (CMA), Boston Properties, Inc. (BXP) - The USA Commerce (NYSE:CMA)
theusacommerce.com - February 20 at 11:47 AM
News IconWhy to Keeping Eye on UnitedHealth Group Incorporated (UNH), Comerica Incorporated (CMA)? (NYSE:CMA)
prensariotiretail.com - February 18 at 4:11 PM
marketexclusive.com logoAnalyst Activity – Jefferies Group LLC Raises Its Price Target On Comerica Incorporated (NYSE:CMA) to (NYSE:CMA)
marketexclusive.com - February 18 at 4:11 PM
News IconAnalysts showing optimistic trends for: Comerica Incorporated (NYSE:CMA) (NYSE:CMA)
mundoaguaysaneamiento.net - February 18 at 4:11 PM
News IconStock Jumping Abnormally High: Comerica Incorporated (NYSE:CMA) (NYSE:CMA)
oakridgeobserver.com - February 18 at 4:11 PM
finance.yahoo.com logoCOMERICA INC /NEW/ Financials (NYSE:CMA)
finance.yahoo.com - February 18 at 4:11 PM
News IconThe Bears And Bulls Square Off On Comerica Incorporated (CMA) - NY Stock News (NYSE:CMA)
nystocknews.com - February 17 at 5:50 PM
News IconWhy to Keeping Eye on UnitedHealth Group Incorporated (UNH), Comerica Incorporated (CMA)? - StockNewsJournal (NYSE:CMA)
stocknewsjournal.com - February 17 at 5:50 PM
seekingalpha.com logoComerica Is Ripe For A Takeover - Seeking Alpha (NYSE:CMA)
seekingalpha.com - February 17 at 5:50 PM
streetinsider.com logoComerica (CMA) PT Raised to $87 at Jefferies Following Management Meeting - StreetInsider.com (NYSE:CMA)
www.streetinsider.com - February 17 at 5:50 PM
News IconDividend Growth of Comerica Incorporated(CMA) - Highland Mirror (NYSE:CMA)
www.highlandmirror.com - February 17 at 5:50 PM
News IconEarnings Clues on Quintiles IMS Holdings, Inc. (Q), Comerica Incorporated (CMA) Analyst's Predictions - StockNewsJournal (NYSE:CMA)
stocknewsjournal.com - February 17 at 5:50 PM
nasdaq.com logoComerica (CMA) Up 9.2% Since Earnings Report: Can It Continue? - Nasdaq (NYSE:CMA)
www.nasdaq.com - February 17 at 5:50 PM
finance.yahoo.com logoComerica (CMA) Up 9.2% Since Earnings Report: Can It Continue? (NYSE:CMA)
finance.yahoo.com - February 17 at 5:50 PM
4-traders.com logoComerica Incorporated : INC /NEW/ Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K) (NYSE:CMA)
www.4-traders.com - February 16 at 10:58 AM
biz.yahoo.com logoCOMERICA INC /NEW/ Files SEC form 10-K, Annual Report (NYSE:CMA)
biz.yahoo.com - February 16 at 10:58 AM
finance.yahoo.com logoComerica Bank, FHLB Dallas Award $21K Grant to Oak Cliff Nonprofit (NYSE:CMA)
finance.yahoo.com - February 15 at 3:11 AM
News IconBuy or Sell? What Analysts Recommends: Autodesk, Inc. (ADSK), Comerica Incorporated (CMA) - StockNewsJournal (NYSE:CMA)
stocknewsjournal.com - February 14 at 10:09 PM
News IconWhy Analysts put forward these two stocks: Comerica Incorporated (CMA), McDonald's Corporation (MCD) - The USA Commerce (NYSE:CMA)
theusacommerce.com - February 14 at 10:09 PM
News IconForward Earnings Estimate of Comerica Incorporated(CMA) - Highland Mirror (NYSE:CMA)
www.highlandmirror.com - February 11 at 4:26 PM
bizjournals.com logoBanking Stocks Under Scanner -- ICICI Bank, SunTrust Banks, PNC Financial Services, and Comerica (NYSE:CMA)
www.bizjournals.com - February 8 at 4:40 PM
News IconWhy Investors remained confident on Comerica Incorporated (CMA), Digital Realty Trust, Inc. (DLR)? - StockNewsJournal (NYSE:CMA)
stocknewsjournal.com - February 7 at 10:30 PM
News IconPeering into Analyst's Take on Comerica Incorporated (NYSE:CMA ... - Providence Standard (NYSE:CMA)
providencestandard.com - February 5 at 2:28 AM
News IconComerica Incorporated (NYSE:CMA) from Money Center Banks – Todays Top Gains (NYSE:CMA)
twincountynews.com - February 3 at 9:40 PM
istreetwire.com logo3 Notable Runners: Comerica Incorporated (CMA), Thermo Fisher Scientific Inc. (TMO), Fidelity National Financial ... - iStreetWire (NYSE:CMA)
istreetwire.com - February 3 at 4:39 PM
capitalcube.com logoComerica, Inc. breached its 50 day moving average in a Bearish Manner : CMA-US : February 3, 2017 (NYSE:CMA)
www.capitalcube.com - February 3 at 4:38 PM
News IconEarnings Forecast Research on Comerica Incorporated (CMA) - Morning Outlook (NYSE:CMA)
www.morningoutlook.com - February 2 at 2:41 AM
News Icon(NASDAQ:TSLA), Comerica Incorporated (NYSE:CMA) (NYSE:CMA)
larampadinapoli.com - February 1 at 4:38 PM
News IconLarge Cap Money Center Banks: Comerica Incorporated (NYSE:CMA) (NYSE:CMA)
twincountynews.com - February 1 at 4:38 PM
capitalcube.com logoComerica, Inc. : CMA-US: Dividend Analysis : December 15th, 2016 (record date) : By the numbers : February 1, 2017 (NYSE:CMA)
us.rd.yahoo.com - February 1 at 4:38 PM
4-traders.com logoComerica Bank :'s California Index Improves (NYSE:CMA)
www.4-traders.com - January 31 at 9:49 PM
News IconTop Gainers of the Day: Comerica Incorporated (NYSE:CMA) from Money Center Banks (NYSE:CMA)
twincountynews.com - January 31 at 9:49 PM
realistinvestor.com logoComerica Incorporated (NYSE:CMA) Mean Rating At $2.71 - RealistInvestor.com (NYSE:CMA)
www.realistinvestor.com - January 31 at 4:47 PM
News IconFirms & Funds Maintain Significant Positions In Comerica Incorporated (NYSE:CMA) - Wall Street Beacon (NYSE:CMA)
wsbeacon.com - January 31 at 4:47 PM
finance.yahoo.com logoComerica Bank's Texas Index Sees Another Month of Gains (NYSE:CMA)
finance.yahoo.com - January 31 at 4:47 PM
finance.yahoo.com logoComerica Bank's Michigan Index Continues Gains (NYSE:CMA)
finance.yahoo.com - January 31 at 4:47 PM
finance.yahoo.com logoComerica Bank's California Index Improves (NYSE:CMA)
finance.yahoo.com - January 31 at 4:47 PM
4-traders.com logoComerica Incorporated : Bank to Invest $3 Million as it Reshapes its Presence in and Around Downtown Detroit (NYSE:CMA)
www.4-traders.com - January 30 at 10:16 PM
News IconTrading Insight: Taking a Look at Levels for Comerica Incorporated (CMA) - Springdale Times (NYSE:CMA)
springdaletimes.com - January 30 at 7:04 AM
News IconMoney Center Banks: Comerica Incorporated (NYSE:CMA) Position of the day (NYSE:CMA)
twincountynews.com - January 29 at 4:25 PM
News IconTrend Strength Monitor on Shares of Comerica Incorporated (CMA) - Market Point (NYSE:CMA)
mtptnews.com - January 28 at 9:37 PM
News IconIs Comerica Incorporated (NYSE:CMA), a large market cap stock a smart buy? (NYSE:CMA)
twincountynews.com - January 27 at 5:46 PM

Social

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 announced a quarterly dividend on Tuesday, January 24th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.23 per share on Saturday, April 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.28%. 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 1-year price objectives for Comerica Incorporated's shares. 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 $71.67.

Comerica Incorporated (NYSE:CMA) Chart for Tuesday, February, 28, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Comerica Incorporated (NYSE:CMA)

Earnings History Chart

Earnings by Quarter for Comerica Incorporated (NYSE:CMA)

Dividend History Chart

Dividend Payments by Quarter for Comerica Incorporated (NYSE:CMA)

Last Updated on 2/28/2017 by MarketBeat.com Staff