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
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Phone214-462-6831
Debt
Current Ratio1.03
Quick Ratio1.03
Price-To-Earnings
Sales & Book Value
Annual Sales$3.29 billion
Price / Sales3.64
Price / Cash Flow13.20
Price / Book1.61
Profitability
Net Income$743 million
Net Margins29.54%
Return on Assets1.60%
Miscellaneous
Employees8,190
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. Stockholders of record on Friday, December 14th will be paid a dividend of $0.60 per share on Tuesday, January 1st. This represents a $2.40 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, December 13th. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its board has initiated a stock buyback plan on Wednesday, July 26th 2017, which authorizes the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) issued its earnings results on Wednesday, January, 16th. The financial services provider reported $1.95 EPS for the quarter, beating the Zacks' consensus estimate of $1.89 by $0.06. The financial services provider earned $864 million during the quarter, compared to the consensus estimate of $863.43 million. Comerica had a net margin of 29.54% and a return on equity of 14.41%. Comerica's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 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?
27 analysts have issued 1-year target prices for Comerica's stock. Their forecasts range from $84.00 to $114.00. On average, they expect Comerica's share price to reach $97.8636 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
27 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, 12 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 coverage about CMA stock has trended very positive on Wednesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog 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 daily sentiment score of 3.7 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few 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), BANCO DO BRASIL/S (BDORY), Intesa Sanpaolo (ISNPY), BB&T (BBT), Standard Chartered (SCBFF), SunTrust Banks (STI), DANSKE BK A/S/S (DNKEY), KeyCorp (KEY), Shinhan Financial Group (SHG), 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 70)
- Mr. Curtis Chatman Farmer, Pres & Director (Age 56)
- Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. Michael H. Michalak, Exec. VP & Chief Risk Officer (Age 61)
- Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
Who are Comerica's major shareholders?
Comerica's stock is owned by a variety of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.05%), Retirement Systems of Alabama (0.05%), Gateway Investment Advisers LLC (0.03%), State of Alaska Department of Revenue (0.03%), Gulf International Bank UK Ltd (0.02%) and First Citizens Bank & Trust Co. (0.02%). 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 Sit Investment Associates Inc., DNB Asset Management AS, Cobiz Wealth LLC, Gulf International Bank UK Ltd, West Oak Capital LLC, Private Trust Co. NA, Retirement Systems of Alabama and Cozad Asset Management Inc.. 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 purchased by a variety of institutional investors in the last quarter, including TrimTabs Asset Management LLC, Steward Partners Investment Advisory LLC, First Citizens Bank & Trust Co., Cerebellum GP LLC, Highwater Wealth Management LLC and Moody National Bank Trust Division. 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 $74.04.
How big of a company is Comerica?
Comerica has a market capitalization of $11.96 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.
