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 middle market businesses, multinational corporations, and governmental entities.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Phone214-462-6831
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.82 billion
Profitability
Miscellaneous
Employees7,948
Next Earnings Date4/21/2020 (Estimated)
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, January 28th. Shareholders of record on Friday, March 13th will be given a dividend of $0.68 per share on Wednesday, April 1st. This represents a $2.72 annualized dividend and a yield of 4.35%. The ex-dividend date is Thursday, March 12th. This is a positive change from Comerica's previous quarterly dividend of $0.67. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 22nd 2019, which permits the company to repurchase 15,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) posted its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The financial services provider had revenue of $810 million for the quarter, compared to analysts' expectations of $801.73 million. Comerica had a return on equity of 16.20% and a net margin of 31.33%. During the same period in the previous year, the company posted $1.88 EPS. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
20 analysts have issued 12 month price targets for Comerica's shares. Their forecasts range from $65.00 to $84.00. On average, they expect Comerica's stock price to reach $71.85 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 13 hold ratings and 1 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 headlines about CMA stock have trended very positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Comerica earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Comerica.
Are investors shorting Comerica?
Comerica saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,660,000 shares, a drop of 8.5% from the January 15th total of 4,000,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is currently 2.6 days. Currently, 2.6% of the shares of the stock are sold short. View Comerica's Current Options Chain.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), SunTrust Banks (STI), Standard Chartered (SCBFF), KeyCorp (KEY), Regions Financial (RF), DANSKE BK A/S/S (DNKEY), Huntington Bancshares (HBAN), Shinhan Financial Group (SHG), Zions Bancorporation NA (ZION), TCF Financial (TCF), Akbank T.A.S. (AKBTY), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV) and First Horizon National (FHN).
What other stocks do shareholders of Comerica own?
Who are Comerica's key executives?
Comerica's management team includes the folowing people:
- Mr. Ralph W. Babb Jr., Exec. Chairman (Age 70)
- Mr. Curtis Chatman Farmer, CEO, Pres & Director (Age 56)
- Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
- Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council
Who are Comerica's major shareholders?
Comerica's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (5.34%), King Luther Capital Management Corp (2.05%), Geode Capital Management LLC (1.62%), AQR Capital Management LLC (1.51%), Alliancebernstein L.P. (1.48%) and Bank of New York Mellon Corp (1.26%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, 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 Goldman Sachs Group Inc., Janus Henderson Group PLC, Acadian Asset Management LLC, Cubist Systematic Strategies LLC, UBS Group AG, State Street Corp, FMR LLC and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, James Harry Weber, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr. View Insider Buying and Selling for Comerica.
Which institutional investors are buying Comerica stock?
CMA stock was acquired by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, Todd Asset Management LLC, AJO LP, Panagora Asset Management Inc., Massachusetts Financial Services Co. MA and First Trust Advisors LP. 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, Robinhood, Fidelity and Charles Schwab.
What is Comerica's stock price today?
One share of CMA stock can currently be purchased for approximately $62.48.
How big of a company is Comerica?
Comerica has a market capitalization of $8.83 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.View Additional Information About Comerica.
What is Comerica's official website?
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)
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.
