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
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
SymbolNYSE:CMA
CUSIP20034010
Phone214-462-6831
Debt
Debt-to-Equity Ratio0.82
Current Ratio1.03
Quick Ratio1.02
Price-To-Earnings
Trailing P/E Ratio17.85
Forward P/E Ratio11.76
P/E Growth0.59
Sales & Book Value
Annual Sales$3.29 billion
Price / Sales4.40
Cash Flow$5.6575 per share
Price / Cash14.92
Book Value$45.43 per share
Price / Book1.86
Profitability
EPS (Most Recent Fiscal Year)$4.73
Net Income$743 million
Net Margins29.54%
Return on Equity14.41%
Return on Assets1.60%
Miscellaneous
Employees8,190
Outstanding Shares171,400,000
Market Cap$14.32 billion
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 Thursday, July 26th. Shareholders of record on Friday, September 14th will be given a dividend of $0.60 per share on Monday, October 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 13th. This is a boost from Comerica's previous quarterly dividend of $0.34. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its board has authorized a share repurchase plan on Wednesday, July 26th 2017, which permits the company to repurchase 5,000,000 outstanding 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 believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) announced its quarterly earnings results on Tuesday, October, 16th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The financial services provider earned $833 million during the quarter, compared to the consensus estimate of $852.72 million. Comerica had a net margin of 29.54% and a return on equity of 14.41%. During the same period in the prior year, the firm posted $1.26 earnings per share. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
25 equities research analysts have issued 12 month price targets for Comerica's shares. Their predictions range from $82.00 to $114.00. On average, they expect Comerica's stock price to reach $100.4783 in the next twelve months. This suggests a possible upside of 19.0% 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, 10 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include Industrial & Cmrcl Bnk f China (IDCBY), UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Mizuho Financial Group (MFG), Capital One Financial (COF), BB&T (BBT), Intesa Sanpaolo (ISNPY), BANCO DO BRASIL/S (BDORY), SunTrust Banks (STI), Standard Chartered (SCBFF), KeyCorp (KEY), DANSKE Bk A/S/S (DNKEY), Regions Financial (RF) and Shinhan Financial Group (SHG).
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 & Director (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)
Who are Comerica's major shareholders?
Comerica's stock is owned by a number of of institutional and retail investors. Top institutional investors include MERIAN GLOBAL INVESTORS UK Ltd (1.34%), Bank of Montreal Can (0.48%), Cookson Peirce & Co. Inc. (0.15%), Aperio Group LLC (0.11%), DNB Asset Management AS (0.08%) and Nisa Investment Advisors LLC (0.03%). 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 Clinton Group Inc., Cookson Peirce & Co. Inc., Aperio Group LLC, Sumitomo Mitsui Asset Management Company LTD, BB&T Corp and Beacon Financial Group. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Curtis C Farmer, David E Duprey, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, 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 acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, First Citizens Bank & Trust Co., MAI Capital Management, Bank of Montreal Can, Nisa Investment Advisors LLC, DNB Asset Management AS, Sheets Smith Wealth Management and Lourd Capital LLC. 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 $84.41.
How big of a company is Comerica?
Comerica has a market capitalization of $14.32 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.
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.
