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

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$88.10 +0.36 (+0.41 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$87.74
Today's Range$87.47 - $88.24
52-Week Range$63.69 - $102.66
Volume62,248 shs
Average Volume2.03 million shs
Market Capitalization$14.01 billion
P/E Ratio12.17
Dividend Yield2.72%
Beta1.42
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$8.4306 per share
Book Value$47.21 per share

Profitability

Net Income$1.24 billion

Miscellaneous

Employees8,051
Market Cap$14.01 billion
Next Earnings Date4/16/2019 (Confirmed)
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 announced a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.67 per share on Monday, April 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, March 14th. This is an increase from Comerica's previous quarterly dividend of $0.60. View Comerica's Dividend History.

How will Comerica's stock buyback program work?

Comerica declared that its board has initiated a stock buyback program on Tuesday, January 22nd 2019, which authorizes the company to repurchase 15,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its shares are 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 earned $864 million during the quarter, compared to the consensus estimate of $863.43 million. Comerica had a net margin of 34.24% and a return on equity of 15.84%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company 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.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Tuesday, April 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CMA?

25 analysts have issued 1-year target prices for Comerica's shares. Their predictions range from $83.00 to $114.00. On average, they expect Comerica's share price to reach $95.15 in the next year. This suggests a possible upside of 8.0% 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, 11 hold ratings, 11 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?

Media stories about CMA stock have been trending somewhat positive recently, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Comerica earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are some of Comerica's key competitors?

What other stocks do shareholders of Comerica own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Bank of America (BAC), Advanced Micro Devices (AMD), General Electric (GE), Citigroup (C), Intel (INTC), Wells Fargo & Co (WFC) and JPMorgan Chase & Co. (JPM).

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)
  • Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
  • 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 a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.34%), Millennium Management LLC (2.13%), Bank of New York Mellon Corp (1.80%), King Luther Capital Management Corp (1.77%), Geode Capital Management LLC (1.38%) and Northern Trust Corp (1.16%). Company insiders that own Comerica stock 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 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 MERIAN GLOBAL INVESTORS UK Ltd, Principal Financial Group Inc., Victory Capital Management Inc., Millennium Management LLC, Thrivent Financial for Lutherans, Picton Mahoney Asset Management, Mackenzie Financial Corp and SG Americas Securities LLC. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Megan D Burkhart, Michael T Ritchie, Muneera S Carr and Peter William Guilfoile. 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 Two Sigma Advisers LP, Lord Abbett & CO. LLC, APG Asset Management N.V., MUFG Securities EMEA plc, Wedge Capital Management L L P NC, Amundi Pioneer Asset Management Inc., Acadian Asset Management LLC and Bank of New York Mellon Corp. 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 $88.08.

How big of a company is Comerica?

Comerica has a market capitalization of $14.00 billion and generates $3.60 billion in revenue each year. The financial services provider earns $1.24 billion in net income (profit) each year or $7.24 on an earnings per share basis. Comerica employs 8,051 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:  642 (Vote Outperform)
Underperform Votes:  1,071 (Vote Underperform)
Total Votes:  1,713
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 2/22/2019 by MarketBeat.com Staff

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