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 Ratio0.69
Current Ratio1.02
Quick Ratio1.02
Price-To-Earnings
Trailing P/E Ratio19.47
Forward P/E Ratio12.88
P/E Growth0.58
Sales & Book Value
Annual Sales$3.29 billion
Price / Sales4.80
Cash Flow$5.5343 per share
Price / Cash16.64
Book Value$46.03 per share
Price / Book2.00
Profitability
EPS (Most Recent Fiscal Year)$4.73
Net Income$743 million
Net Margins27.28%
Return on Equity13.14%
Return on Assets1.46%
Miscellaneous
Employees8,190
Outstanding Shares171,400,000
Market Cap$15.97 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 announced 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 annualized dividend and a yield of 2.61%. The ex-dividend date 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 approved a stock buyback program on Wednesday, July 26th 2017, which authorizes the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Tuesday, July, 17th. The financial services provider reported $1.90 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.64 by $0.26. The financial services provider earned $838 million during the quarter, compared to the consensus estimate of $833.59 million. Comerica had a return on equity of 13.14% and a net margin of 27.28%. Comerica's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
26 Wall Street analysts have issued 1 year price objectives for Comerica's stock. Their predictions range from $74.00 to $117.00. On average, they expect Comerica's share price to reach $100.34 in the next year. This suggests a possible upside of 9.0% 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, 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.
What are Wall Street analysts saying about Comerica stock?
Here are some recent quotes from research analysts about Comerica stock:
- 1. According to Zacks Investment Research, "Shares of Comerica have outperformed the industry year to date. This is backed by the company's impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s second-quarter 2018 earnings reflected high revenues, lower expenses, increase in loan balances and improved credit metrics. Comerica’s future prospects look promising as it has improvised the financial targets for revenues and efficiency initiatives. It expects to deliver annual pre-tax income of about $270 million by the year-end 2018 through GEAR Up initiatives. Also, the company’s steady capital-deployment activities continue to enhance investors’ confidence. Though escalating expenses and substantial exposure to commercial loans remain major concerns, lower tax rates, expected easing of regulations and rising interest rates are likely to support Comerica's top line." (7/18/2018)
- 2. Vining Sparks analysts commented, "We believe that over the next 12 to 18 months that CMA should be able to improve its profitability by approximately 3 full percentage points, as the Fed continues to normalize short-term interest rates, deployment of capital increases, and tax reform is realized. Therefore, we believe that CMA should generate total shareholder return of 8%, as mid- single digit TBV growth is coupled with a modest expansion of its P/TBV to 225% and is topped off with a 1.3% dividend yield. However, we would highlight that CMA has a meaningful amount of excess capital that could create additional upside potential if it begins to be deployed at an accelerated pace." (1/16/2018)
Are investors shorting Comerica?
Comerica saw a increase in short interest in August. As of August 15th, there was short interest totalling 7,714,197 shares, an increase of 87.9% from the July 31st total of 4,105,699 shares. Based on an average daily volume of 1,321,301 shares, the short-interest ratio is presently 5.8 days. Approximately 4.5% of the company's stock are sold short. View Comerica's Current Options Chain.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include UBS Group (UBS), Industrial & Cmrcl Bnk f China (IDCBY), National Australia Bank (NABZY), Capital One Financial (COF), DBS Grp HOLDING/S (DBSDY), Mizuho Financial Group (MFG), Intesa Sanpaolo (ISNPY), BB&T (BBT), SunTrust Banks (STI), Standard Chartered (SCBFF), DANSKE Bk A/S/S (DNKEY), KeyCorp (KEY), Regions Financial (RF), BANCO DO BRASIL/S (BDORY) 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)
Has Comerica been receiving favorable news coverage?
Press coverage about CMA stock has trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Comerica earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Comerica.
Who are Comerica's major shareholders?
Comerica's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.02%), Millennium Management LLC (2.92%), King Luther Capital Management Corp (1.66%), Bank of New York Mellon Corp (1.08%), Bank of New York Mellon Corp (1.08%) and Rockefeller Capital Management L.P. (0.85%). 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 First Trust Advisors LP, Assenagon Asset Management S.A., BlackRock Inc., EJF Capital LLC, BNP Paribas Arbitrage SA, Los Angeles Capital Management & Equity Research Inc., Nomura Holdings Inc. and Bank of Montreal Can. 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 Millennium Management LLC, Integrated Investment Consultants LLC, Janus Henderson Group PLC, Natixis, FMR LLC, FMR LLC, Point72 Asset Management L.P. and American Century Companies Inc.. 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 $92.09.
How big of a company is Comerica?
Comerica has a market capitalization of $15.97 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.
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.
