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NYSE:CMA

Comerica Stock Forecast, Price & News

$39.72
-0.93 (-2.29 %)
(As of 09/21/2020 09:08 AM ET)
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Today's Range
$39.72
Now: $39.72▼
$39.72
50-Day Range
$37.88
MA: $40.01▼
$42.15
52-Week Range
$24.28
Now: $39.72▼
$73.43
Volume10 shs
Average Volume2.27 million shs
Market Capitalization$5.52 billion
P/E Ratio9.57
Dividend Yield6.69%
Beta1.81
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business 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 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. It also offers various consumer products that include 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 comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The company also engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, and Michigan, as well as in Arizona and 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.
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Comerica logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.59 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Current SymbolNYSE:CMA
Previous Symbol
CUSIP20034010
CIK28412
Webwww.comerica.com
Phone214-462-6831

Debt

Debt-to-Equity Ratio0.88
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio9.57
Forward P/E Ratio21.35
P/E Growth12.68

Sales & Book Value

Annual Sales$3.82 billion
Price / Sales1.45
Cash Flow$8.83 per share
Price / Cash Flow4.50
Book Value$50.83 per share
Price / Book0.78

Profitability

EPS (Most Recent Fiscal Year)$7.81
Net Income$1.20 billion
Net Margins17.42%
Return on Equity8.22%
Return on Assets0.79%

Miscellaneous

Employees7,948
Outstanding Shares139,039,000
Market Cap$5.52 billion
Next Earnings Date10/20/2020 (Confirmed)
OptionableOptionable
$39.72
-0.93 (-2.29 %)
(As of 09/21/2020 09:08 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Comerica (NYSE:CMA) Frequently Asked Questions

How has Comerica's stock been impacted by Coronavirus?

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMA stock has increased by 6.9% and is now trading at $40.65.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Comerica?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 13 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Comerica.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Comerica.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Tuesday, October 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its quarterly earnings results on Tuesday, July, 21st. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.59. The financial services provider earned $718 million during the quarter, compared to analysts' expectations of $700.17 million. Comerica had a return on equity of 8.22% and a net margin of 17.42%. The firm's revenue for the quarter was down 15.8% on a year-over-year basis. During the same period last year, the firm posted $1.94 earnings per share.
View Comerica's earnings history.

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

Comerica declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, September 15th will be given a dividend of $0.68 per share on Thursday, October 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Monday, September 14th.
View Comerica's dividend history.

How will Comerica's stock buyback program work?

Comerica announced that its board has approved a share buyback program on Tuesday, January 22nd 2019, which authorizes the company to repurchase 15,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for CMA?

23 brokers have issued twelve-month price targets for Comerica's stock. Their forecasts range from $26.00 to $72.50. On average, they expect Comerica's stock price to reach $45.31 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
View analysts' price targets for Comerica.

Are investors shorting Comerica?

Comerica saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,700,000 shares, a drop of 17.8% from the August 15th total of 5,720,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.4% of the company's shares are sold short.
View Comerica's Short Interest.

Who are some of Comerica's key competitors?

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), KeyCorp (KEY), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), Shinhan Financial Group (SHG), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), TCF Financial (TCF), BOK Financial (BOKF), Akbank T.A.S. (AKBTY), Synovus Financial (SNV), Community Bank System (CBU) and First Horizon National (FHN).
View all competitors.

What other stocks do shareholders of Comerica own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include AT&T (T), Bank of America (BAC), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Walmart (WMT), AbbVie (ABBV), General Electric (GE) and Cisco Systems (CSCO).

Who are Comerica's key executives?

Comerica's management team includes the following people:
  • Mr. Ralph W. Babb Jr., Exec. Chairman (Age 70)
  • Mr. Curtis Chatman Farmer, CEO, Pres & Director (Age 56)
  • Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
  • Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
  • Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.74%), FMR LLC (2.54%), Bank of New York Mellon Corp (1.85%), King Luther Capital Management Corp (1.73%), Charles Schwab Investment Management Inc. (1.42%) and Goldman Sachs Group Inc. (1.36%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, 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 Vanguard Group Inc., AQR Capital Management LLC, King Luther Capital Management Corp, Boston Trust Walden Corp, Bank of America Corp DE, Thrivent Financial for Lutherans, Nordea Investment Management AB, and Sei Investments Co.. Company insiders that have sold Comerica company stock in the last year include James Harry Weber, Peter William Guilfoile, and Reginald M Turner, Jr.
View insider buying and selling activity for Comerica.

Which major investors are buying Comerica stock?

CMA stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Neuberger Berman Group LLC, Charles Schwab Investment Management Inc., Holocene Advisors LP, Goldman Sachs Group Inc., Azora Capital LP, FMR LLC, and Point72 Asset Management L.P..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $40.65.

How big of a company is Comerica?

Comerica has a market capitalization of $5.65 billion and generates $3.82 billion in revenue each year. The financial services provider earns $1.20 billion in net income (profit) each year or $7.81 on an earnings per share basis. Comerica employs 7,948 workers across the globe.

What is Comerica's official website?

The official website for Comerica is www.comerica.com.

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]

This page was last updated on 9/21/2020 by MarketBeat.com Staff
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