NYSE:CMAComerica Stock Price, Forecast & News

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CMA stock has decreased by 25.5% and is now trading at $28.35. View which stocks have been mosted impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 5 sell ratings, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Comerica.

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for Comerica.

Comerica will be holding an earnings conference call on Tuesday, April 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $1.85 earnings per share for the quarter, topping 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 business earned $1.88 EPS. View Comerica's earnings history.

Comerica announced a quarterly dividend on Tuesday, January 28th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.68 per share on Wednesday, April 1st. This represents a $2.72 annualized dividend and a yield of 9.59%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Comerica's previous quarterly dividend of $0.67. View Comerica's dividend history.

Comerica announced that its board has authorized a share buyback plan on Tuesday, January 22nd 2019, which permits the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

20 brokerages have issued 1 year price targets for Comerica's stock. Their forecasts range from $34.00 to $84.00. On average, they anticipate Comerica's stock price to reach $60.50 in the next twelve months. This suggests a possible upside of 113.4% from the stock's current price. View analysts' price targets for Comerica.

Media coverage about CMA stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media 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 -5 to 5, with scores closest to five being the most favorable. Comerica earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutComerica.

Comerica saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,231,600 shares, an increase of 78.0% from the February 27th total of 3,500,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.5% of the company's stock are sold short. View Comerica's Current Options Chain.

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Shinhan Financial Group (SHG), KeyCorp (KEY), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), TCF Financial (TCF), Cullen/Frost Bankers (CFR), Community Bank System (CBU), BOK Financial (BOKF), Pinnacle Financial Partners (PNFP), Valley National Bancorp (VLY) and First Horizon National (FHN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include Alibaba Group (BABA), NVIDIA (NVDA), Bank of America (BAC), AT&T (T), Skyworks Solutions (SWKS), JPMorgan Chase & Co. (JPM), Albemarle (ALB), General Electric (GE), Home Depot (HD) and Honda Motor (HMC).

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

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.

One share of CMA stock can currently be purchased for approximately $28.35.

Comerica has a market capitalization of $3.98 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.

The official website for Comerica is http://www.comerica.com/.

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]