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NYSE:CMA

Comerica - CMA Stock Forecast, Price & News

$84.96
+0.65 (+0.77%)
(As of 08/12/2022 01:37 PM ET)
Add
Compare
Today's Range
$84.25
$85.10
50-Day Range
$71.52
$84.31
52-Week Range
$70.31
$102.09
Volume
9,578 shs
Average Volume
1.03 million shs
Market Capitalization
$11.11 billion
P/E Ratio
12.40
Dividend Yield
3.32%
Price Target
$95.45

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
12.3% Upside
$95.45 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.17mentions of Comerica in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.51%
From $8.38 to $10.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Finance Sector

145th out of 918 stocks

National Commercial Banks Industry

18th out of 89 stocks

CMA stock logo

About Comerica (NYSE:CMA) Stock

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising 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 Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Comerica Trading Up 2.9 %

Shares of Comerica stock traded up $2.36 on Thursday, reaching $84.31. 787,392 shares of the company were exchanged, compared to its average volume of 1,369,327. Comerica has a fifty-two week low of $70.31 and a fifty-two week high of $102.09. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $76.67 and a 200-day moving average price of $84.54.

Comerica (NYSE:CMA - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.15. Comerica had a net margin of 30.42% and a return on equity of 13.63%. During the same quarter last year, the firm earned $2.32 earnings per share. On average, analysts expect that Comerica will post 8.38 EPS for the current year.

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.23%. Comerica's payout ratio is currently 39.71%.

Wall Street Analysts Forecast Growth

CMA has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Comerica from $82.00 to $77.00 and set an "underweight" rating on the stock in a research report on Friday, July 1st. Citigroup lifted their price objective on shares of Comerica to $95.00 in a research report on Friday, July 22nd. The Goldman Sachs Group dropped their price target on shares of Comerica from $104.00 to $93.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 31st. Royal Bank of Canada reduced their price objective on Comerica from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, April 21st. Finally, JPMorgan Chase & Co. lowered their target price on Comerica from $108.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

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CMA Stock News Headlines

Citigroup Boosts Comerica (NYSE:CMA) Price Target to $95.00
Comerica (NYSE:CMA) PT Lowered to $90.00 at Piper Sandler
Comerica (NYSE:CMA) PT Raised to $86.00 at Evercore ISI
Wedbush Increases Comerica (NYSE:CMA) Price Target to $94.00
See More Headlines
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CMA Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
7/20/2022
Today
8/12/2022
Ex-Dividend for 10/1 Dividend
9/14/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
20034010
Employees
7,611
Year Founded
1849

Price Target and Rating

Average Stock Price Forecast
$95.45
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+12.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
38.71%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$10.30 per share
Book Value
$46.18 per share

Miscellaneous

Free Float
129,826,000
Market Cap
$11.11 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives














CMA Stock - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMA shares.
View CMA analyst ratings
or view top-rated stocks.

What is Comerica's stock price forecast for 2022?

17 brokerages have issued 12-month price targets for Comerica's shares. Their CMA share price forecasts range from $77.00 to $115.00. On average, they anticipate the company's stock price to reach $95.45 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for CMA
or view top-rated stocks among Wall Street analysts.

How have CMA shares performed in 2022?

Comerica's stock was trading at $87.00 at the beginning of the year. Since then, CMA shares have decreased by 2.3% and is now trading at $84.96.
View the best growth stocks for 2022 here
.

Are investors shorting Comerica?

Comerica saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,610,000 shares, an increase of 5.2% from the July 15th total of 2,480,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.0% of the shares of the stock are short sold.
View Comerica's Short Interest
.

When is Comerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our CMA earnings forecast
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.15. Comerica had a net margin of 30.42% and a trailing twelve-month return on equity of 13.63%. During the same period in the previous year, the business earned $2.32 earnings per share.
Read the conference call transcript
.

How often does Comerica pay dividends? What is the dividend yield for Comerica?

Comerica declared a quarterly dividend on Tuesday, July 26th. Investors of record on Thursday, September 15th will be given a dividend of $0.68 per share on Saturday, October 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CMA
.

Is Comerica a good dividend stock?

Comerica (NYSE:CMA) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.32%. The dividend payout ratio is 39.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 26.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

How will Comerica's stock buyback program work?

Comerica declared that its board has initiated a share repurchase plan on Tuesday, April 27th 2021, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

What is Curtis C Farmer's approval rating as Comerica's CEO?

47 employees have rated Comerica Chief Executive Officer Curtis C Farmer on Glassdoor.com. Curtis C Farmer has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Comerica own?

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).

What is Comerica's stock symbol?

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

Who are Comerica's major shareholders?

Comerica's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.05%), King Luther Capital Management Corp (2.09%), Victory Capital Management Inc. (1.04%), JPMorgan Chase & Co. (0.45%), Bank of Montreal Can (0.41%) and GW Henssler & Associates Ltd. (0.29%). Insiders that own company stock include Cassandra M Mckinney, Christine M Moore, Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter William Guilfoile, Reginald M Turner, Jr, Wendy Bridges and Ximena G Humrichouse.
View institutional ownership trends
.

How do I buy shares of Comerica?

Shares of CMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $84.96.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $11.11 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.17 billion in net income (profit) each year or $6.85 on an earnings per share basis.

How many employees does Comerica have?

The company employs 7,611 workers across the globe.

Does Comerica have any subsidiaries?

The following companies are subsidiares of Comerica: B&G Tax Equity Partnership LLC, Briel Farm Solar LLC, Cass & Co., Comerica Assurance Ltd., Comerica Bank, Comerica Bank & Trust National Association, Comerica Capital Advisors Incorporated, Comerica Financial Incorporated, Comerica Holdings Incorporated, Comerica Insurance Group Inc., Comerica Insurance Services Inc., Comerica Insurance Services of Texas Incorporated, Comerica Investment Services Inc., Comerica Leasing Corporation, Comerica Management Company, Comerica Properties Corporation, Comerica Securities Inc., Comerica Ventures Incorporated, Gardy's Mill Solar LLC, Imperial Bancorp, Interstate Select Insurance Services Inc., Munder UK L.L.C., SCFS Reverse Exchange LLC, Silver Funding Corp., Sterling Bancshares, USB RETC Fund 2020-23 LLC, VRB Comfort LLC, VRB Corp., VRB Marketplace of Rochester Hills LLC, VRB Ocala Ranch LLC, VRB Red Oak LLC, WAM Holdings Inc., and Wilson Kemp & Associates Inc..
Read More

When was Comerica founded?

Comerica was founded in 1849.

How can I contact Comerica?

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The official website for the company is www.comerica.com. The financial services provider can be reached via phone at (214) 462-6831, via email at investorrelations@comerica.com, or via fax at 302-424-4866.

This page (NYSE:CMA) was last updated on 8/12/2022 by MarketBeat.com Staff

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