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
Current SymbolNYSE:CMA
Previous Symbol
CUSIP20034010
Phone214-462-6831
Debt
Debt-to-Equity Ratio0.82
Current Ratio1.03
Quick Ratio1.03
Price-To-Earnings
Trailing P/E Ratio14.58
Forward P/E Ratio9.58
P/E Growth0.49
Sales & Book Value
Annual Sales$3.29 billion
Price / Sales3.39
Cash Flow$5.5495 per share
Price / Cash Flow12.43
Book Value$46.03 per share
Price / Book1.50
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 Shares161,700,000
Market Cap$11.26 billion
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, November 6th. Shareholders of record on Friday, December 14th will be given a dividend of $0.60 per share on Tuesday, January 1st. This represents a $2.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, December 13th. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its Board of Directors has authorized a stock buyback plan on Wednesday, July 26th 2017, which allows the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) issued its quarterly earnings results on Tuesday, October, 16th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.05. The financial services provider had revenue of $833 million for 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 quarter last year, the firm posted $1.26 earnings per share. View Comerica's Earnings History.
When is Comerica's next earnings date?
How can I listen to Comerica's earnings call?
Comerica will be holding an earnings conference call on Wednesday, January 16th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8003092262.
What price target have analysts set for CMA?
26 Wall Street analysts have issued twelve-month price targets for Comerica's shares. Their predictions range from $84.00 to $114.00. On average, they anticipate Comerica's stock price to reach $100.1364 in the next twelve months. This suggests a possible upside of 45.2% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 2 sell ratings, 12 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?
News stories about CMA stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news 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 news sentiment score of 1.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include DBS GRP HOLDING/S (DBSDY), Mizuho Financial Group (MFG), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), BB&T (BBT), BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), SunTrust Banks (STI), DANSKE BK A/S/S (DNKEY), Shinhan Financial Group (SHG), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Zions Bancorp (ZION) and Cullen/Frost Bankers (CFR).
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 shareholders include Vanguard Group Inc (11.75%), BlackRock Inc. (7.37%), Neuberger Berman Group LLC (2.62%), TIAA CREF Investment Management LLC (2.20%), King Luther Capital Management Corp (1.77%) and Bank of New York Mellon Corp (1.69%). 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 institutional investors are selling Comerica stock?
CMA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Point72 Asset Management L.P., Marshall Wace North America L.P., Credit Suisse AG, Mitsubishi UFJ Trust & Banking Corp, Stieven Capital Advisors L.P., Canada Pension Plan Investment Board and First Trust Advisors LP. 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 institutional investors are buying Comerica stock?
CMA stock was acquired by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, Vanguard Group Inc, The Manufacturers Life Insurance Company, ClariVest Asset Management LLC, TIAA CREF Investment Management LLC and Janus Henderson Group PLC. 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 $68.98.
How big of a company is Comerica?
Comerica has a market capitalization of $11.26 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.
