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.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
SymbolNYSE:CMA
CUSIP20034010
Phone214-462-6831
Debt
Debt-to-Equity Ratio0.70
Current Ratio1.02
Quick Ratio1.02
Price-To-Earnings
Trailing P/E Ratio20.15
Forward P/E Ratio13.79
P/E Growth0.92
Sales & Book Value
Annual Sales$3.29 billion
Price / Sales4.98
Cash Flow$5.6463 per share
Price / Cash16.88
Book Value$46.03 per share
Price / Book2.07
Profitability
EPS (Most Recent Fiscal Year)$4.73
Net Income$743 million
Net Margins24.37%
Return on Equity12.05%
Return on Assets1.29%
Miscellaneous
Employees8,190
Outstanding Shares171,930,000
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, April 24th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.34 per share on Sunday, July 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, June 14th. This is an increase from Comerica's previous quarterly dividend of $0.30. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its board has initiated a stock repurchase plan on Wednesday, July 26th 2017, which permits the company to buyback 5,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) released its quarterly earnings results on Tuesday, April, 17th. The financial services provider reported $1.54 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.56 by $0.02. The financial services provider had revenue of $793 million for the quarter, compared to the consensus estimate of $811.59 million. Comerica had a return on equity of 12.05% and a net margin of 24.37%. During the same quarter in the previous year, the company earned $1.11 earnings per share. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
25 brokerages have issued twelve-month price targets for Comerica's stock. Their forecasts range from $69.00 to $117.00. On average, they expect Comerica's stock price to reach $97.14 in the next year. View Analyst Ratings for Comerica.
What are Wall Street analysts saying about Comerica stock?
Here are some recent quotes from research analysts about Comerica stock:
- 1. According to Zacks Investment Research, "Shares of Comerica have outperformed the industry over the past six months. This is backed by the company's impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Comerica’s future prospects look promising as it improvised the financial targets for revenues and efficiency initiatives. It expects to deliver annual pre-tax income of about $270 million by the year-end 2018 through GEAR Up initiatives. Also, its steady capital deployment activities continue to enhance investors’ confidence. Though, escalating expenses and substantial exposure to commercial loans remain major concerns, lower tax rates and rising interest rates are likely to support Comerica's top line. Recently, following the Fed interest rate hike, the company has increased its lending rate to 5%." (6/19/2018)
- 2. Vining Sparks analysts commented, "We believe that over the next 12 to 18 months that CMA should be able to improve its profitability by approximately 3 full percentage points, as the Fed continues to normalize short-term interest rates, deployment of capital increases, and tax reform is realized. Therefore, we believe that CMA should generate total shareholder return of 8%, as mid- single digit TBV growth is coupled with a modest expansion of its P/TBV to 225% and is topped off with a 1.3% dividend yield. However, we would highlight that CMA has a meaningful amount of excess capital that could create additional upside potential if it begins to be deployed at an accelerated pace." (1/16/2018)
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), BB&T (BBT), SunTrust Banks (STI), DANSKE Bk A/S/S (DNKEY), Standard Chartered (SCBFF), KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), BANCO DO BRASIL/S (BDORY) and Huntington Bancshares (HBAN).
Who are Comerica's key executives?
Comerica's management team includes the folowing people:
- Mr. Ralph W. Babb Jr., Chairman & CEO (Age 69)
- Mr. Curtis Chatman Farmer, Pres (Age 55)
- Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 54)
- Mr. Michael H. Michalak, Exec. VP & Chief Risk Officer (Age 60)
- Ms. Muneera S. Carr, Exec. VP & CFO (Age 49)
Has Comerica been receiving favorable news coverage?
News headlines about CMA stock have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Comerica earned a media sentiment score of 0.05 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 47.68 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Comerica's major shareholders?
Comerica's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.14%), JPMorgan Chase & Co. (2.89%), Millennium Management LLC (2.21%), Neuberger Berman Group LLC (2.08%), King Luther Capital Management Corp (1.68%) and Northern Trust Corp (1.16%). 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 major investors are selling Comerica stock?
CMA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Pzena Investment Management LLC, Systematic Financial Management LP, EJF Capital LLC, Victory Capital Management Inc., Principal Financial Group Inc., Principal Financial Group Inc. and PL Capital Advisors LLC. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Curtis C Farmer, 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.
Which major investors are buying Comerica stock?
CMA stock was bought by a variety of institutional investors in the last quarter, including Rockefeller Capital Management L.P., Neuberger Berman Group LLC, Westfield Capital Management Co. LP, BlackRock Inc., DekaBank Deutsche Girozentrale, Millennium Management LLC, Carillon Tower Advisers Inc. and Old Mutual Global Investors UK Ltd.. 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 $95.31.
How big of a company is Comerica?
Comerica has a market capitalization of $16.26 billion and generates $3.29 billion in revenue each year. The financial services provider earns $743 million in net income (profit) each year or $4.73 on an earnings per share basis. Comerica employs 8,190 workers across the globe.
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 (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.
