Comerica Stock Forecast, Price & News

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMA stock has increased by 11.0% and is now trading at $42.22.
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20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 5 sell ratings, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for Comerica.

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings results on Tuesday, October, 20th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.60. Comerica had a net margin of 16.17% and a return on equity of 7.12%. During the same period last year, the firm posted $1.96 earnings per share.
View Comerica's earnings history.

Comerica declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.68 per share on Thursday, October 1st. This represents a $2.72 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date is Monday, September 14th.
View Comerica's dividend history.

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

20 equities research analysts have issued 1 year price objectives for Comerica's shares. Their forecasts range from $26.00 to $70.00. On average, they expect Comerica's stock price to reach $42.83 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
View analysts' price targets for Comerica.

Some companies that are related to Comerica include China Minsheng Banking (CMAKY), BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), Shinhan Financial Group (SHG), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Zions Bancorporation, National Association (ZION), Cullen/Frost Bankers (CFR), TCF Financial (TCF), TCF Financial (TCF), BOK Financial (BOKF), Synovus Financial (SNV) and Pinnacle Financial Partners (PNFP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), AT&T (T), Intel (INTC), NVIDIA (NVDA), Walmart (WMT), Alibaba Group (BABA), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

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

Comerica's stock is owned by many different institutional and retail investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.17%), Envestnet Asset Management Inc. (0.15%), LSV Asset Management (0.12%), Standard Life Aberdeen plc (0.06%), State of New Jersey Common Pension Fund D (0.05%) and Wakefield Asset Management LLLP (0.04%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr.
View institutional ownership trends for Comerica.

CMA stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Retirement Systems of Alabama, Pacer Advisors Inc., DNB Asset Management AS, Redpoint Investment Management Pty Ltd, LSV Asset Management, State of Alaska Department of Revenue, and Boston Trust Walden Corp. Company insiders that have sold Comerica company stock in the last year include James Harry Weber, Peter William Guilfoile, and Reginald M Turner, Jr.
View insider buying and selling activity for Comerica.

CMA stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Wakefield Asset Management LLLP, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, Hollencrest Capital Management, MADDEN SECURITIES Corp, Forsta AP Fonden, Steel Peak Wealth Management LLC, and Martin Capital Partners LLC.
View insider buying and selling activity for 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.

One share of CMA stock can currently be purchased for approximately $42.22.

Comerica has a market capitalization of $5.87 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.

The official website for Comerica is 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]