NYSE:CMA - Comerica Stock Price, News, & Analysis

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$80.78 +1.08 (+1.36 %)
(As of 01/18/2019 02:50 PM ET)
Previous Close$79.70
Today's Range$79.41 - $81.17
52-Week Range$63.69 - $102.66
Volume125,139 shs
Average Volume1.84 million shs
Market Capitalization$12.63 billion
P/E Ratio11.15
Dividend Yield3.07%
Beta1.38
Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products comprising 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 consisting of fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.60 billion
Cash Flow$5.7907 per share
Book Value$46.43 per share

Profitability

Net Income$743 million

Miscellaneous

Employees8,190
Market Cap$12.63 billion
OptionableOptionable

Comerica (NYSE:CMA) Frequently Asked Questions

What is Comerica's stock symbol?

Comerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."

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

Comerica declared a quarterly dividend on Tuesday, November 6th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.60 per share on Tuesday, January 1st. This represents a $2.40 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, December 13th. View Comerica's Dividend History.

How will Comerica's stock buyback program work?

Comerica announced that its board has authorized a share buyback program on Wednesday, July 26th 2017, which authorizes the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its earnings results on Wednesday, January, 16th. The financial services provider reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.08. The financial services provider had revenue of $864 million for the quarter, compared to the consensus estimate of $863.43 million. Comerica had a return on equity of 15.84% and a net margin of 34.24%. The company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. View Comerica's Earnings History.

When is Comerica's next earnings date?

Comerica is scheduled to release their next quarterly earnings announcement on Tuesday, April 16th 2019. View Earnings Estimates for Comerica.

What price target have analysts set for CMA?

25 equities research analysts have issued twelve-month price targets for Comerica's shares. Their forecasts range from $83.00 to $114.00. On average, they anticipate Comerica's stock price to reach $95.15 in the next year. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Comerica.

What is the consensus analysts' recommendation for Comerica?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 2 sell ratings, 10 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.

Has Comerica been receiving favorable news coverage?

News stories about CMA stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Comerica earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Comerica's key competitors?

Who are Comerica's key executives?

Comerica's management team includes the folowing people:
  • Mr. Ralph W. Babb Jr., Chairman & CEO (Age 70)
  • Mr. Curtis Chatman Farmer, Pres & Director (Age 56)
  • Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
  • Mr. Michael H. Michalak, Exec. VP & Chief Risk Officer (Age 61)
  • Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)

Who are Comerica's major shareholders?

Comerica's stock is owned by a variety of of retail and institutional investors. Top institutional investors include DNB Asset Management AS (0.05%), Retirement Systems of Alabama (0.05%), Nisa Investment Advisors LLC (0.03%), Gateway Investment Advisers LLC (0.03%), State of Alaska Department of Revenue (0.03%) and Bowling Portfolio Management LLC (0.02%). Company insiders that own Comerica stock include Christine M Moore, Curtis C Farmer, David E Duprey, De Ven Michael G Van, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile and Ralph W Babb, 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 Sit Investment Associates Inc., DNB Asset Management AS, Cobiz Wealth LLC, Gulf International Bank UK Ltd, West Oak Capital LLC, Private Trust Co. NA, Retirement Systems of Alabama and Cozad Asset Management Inc.. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Curtis C Farmer, David E Duprey, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Peter William Guilfoile and Ralph W Babb, Jr. View Insider Buying and Selling for Comerica.

Which institutional investors are buying Comerica stock?

CMA stock was purchased by a variety of institutional investors in the last quarter, including TrimTabs Asset Management LLC, Virtu Financial LLC, Nisa Investment Advisors LLC, Steward Partners Investment Advisory LLC, Bowling Portfolio Management LLC, First Citizens Bank & Trust Co., Cerebellum GP LLC and Arcadia Investment Management Corp MI. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $80.90.

How big of a company is Comerica?

Comerica has a market capitalization of $12.63 billion and generates $3.60 billion in revenue each year. The financial services provider earns $743 million in net income (profit) each year or $7.24 on an earnings per share basis. Comerica employs 8,190 workers across the globe.

What is Comerica's official website?

The official website for Comerica is http://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]


MarketBeat Community Rating for Comerica (NYSE CMA)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  630 (Vote Outperform)
Underperform Votes:  1,058 (Vote Underperform)
Total Votes:  1,688
MarketBeat's community ratings are surveys of what our community members think about Comerica and other stocks. Vote "Outperform" if you believe CMA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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