Comerica Incorporated Company Profile (NYSE:CMA)

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

Comerica Incorporated announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, September 15th will be paid a dividend of $0.30 per share on Sunday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, September 14th. This is an increase from Comerica Incorporated's previous quarterly dividend of $0.26. View Comerica Incorporated's Dividend History.

Comerica Incorporated declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 26th 2017, which allows the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Comerica Incorporated (NYSE:CMA) posted its earnings results on Tuesday, October, 17th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.23 by $0.03. The business earned $821 million during the quarter, compared to analysts' expectations of $812.83 million. Comerica Incorporated had a return on equity of 10.35% and a net margin of 24.87%. During the same quarter in the prior year, the firm earned $0.84 EPS. View Comerica Incorporated's Earnings History.

Comerica Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, January, 16th 2018. View Earnings Estimates for Comerica Incorporated.

22 analysts have issued 12-month price objectives for Comerica Incorporated's stock. Their forecasts range from $61.00 to $84.00. On average, they anticipate Comerica Incorporated's share price to reach $76.84 in the next year. View Analyst Ratings for Comerica Incorporated.

Here are some recent quotes from research analysts about Comerica Incorporated stock:

• 1. According to Zacks Investment Research, "Shares of Comerica have underperformed the industry year to date. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. However, its exposure to Michigan and California, two challenging economies, remains a headwind. Also, significant exposure to commercial loans keeps us apprehensive. Further, a stretched valuation indicates that the stock has limited upside potential." (9/19/2017)
• 2. 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)

Some companies that are related to Comerica Incorporated include ICICI Bank Limited (IBN), Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG), KeyCorp (KEY), KB Financial Group (KB), Regions Financial Corporation (RF), Credicorp (BAP), Huntington Bancshares Incorporated (HBAN), Banco de Chile (BCH), Mizuho Financial Group (MFG), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), SVB Financial Group (SIVB), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY) and Grupo Financiero Galicia S.A. (GGAL).

Comerica Incorporated's management team includes the folowing people:

• Ralph W. Babb Jr., Chairman of the Board, Chief Executive Officer
• Curtis C. Farmer, President
• David E. Duprey, Chief Financial Officer, Executive Vice President
• Megan D. Burkhart, Chief Human Resource Officer, Executive Vice President
• Muneera S. Carr, Executive Vice President, Chief Accounting Officer
• Paul R. Obermeyer, Executive Vice President, Chief Information Officer
• Michael H. Michalak, Executive Vice President, Chief Risk Officer
• John D. Buchanan, Executive Vice President, Chief Legal Officer and Corporate Secretary
• Peter William Guilfoile, Executive Vice President, Chief Credit Officer
• Judith S. Love, Executive Vice President

Comerica Incorporated's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Strs Ohio (0.28%), Robeco Institutional Asset Management B.V. (0.09%), Assenagon Asset Management S.A. (0.06%), APG Asset Management N.V. (0.05%), Mutual of America Capital Management LLC (0.03%) and State Treasurer State of Michigan (0.03%). 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, Peter William Guilfoile and Ralph W Babb, Jr. View Institutional Ownership Trends for Comerica Incorporated.

Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc. and State Treasurer State of Michigan. 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, Peter William Guilfoile and Ralph W Babb, Jr. View Insider Buying and Selling for Comerica Incorporated.

Comerica Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Strs Ohio, Meeder Asset Management Inc., Shell Asset Management Co., APG Asset Management N.V., Mutual of America Capital Management LLC, FormulaFolio Investments LLC and Oakbrook Investments LLC. View Insider Buying and Selling for Comerica Incorporated.

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.

One share of Comerica Incorporated stock can currently be purchased for approximately $79.07.