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NYSE:CMA

Comerica - CMA Stock Forecast, Price & News

$40.40
-0.30 (-0.74%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$38.34
$41.32
50-Day Range
$40.70
$76.94
52-Week Range
$29.17
$97.52
Volume
8.37 million shs
Average Volume
3.16 million shs
Market Capitalization
$5.31 billion
P/E Ratio
4.77
Dividend Yield
7.03%
Price Target
$81.10

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
100.7% Upside
$81.10 Price Target
Short Interest
Healthy
2.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.25mentions of Comerica in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$237,343 Sold Last Quarter
Proj. Earnings Growth
1.88%
From $9.57 to $9.75 Per Share

Overall MarketRank

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

3.39 out of 5 stars

Finance Sector

26th out of 868 stocks

National Commercial Banks Industry

8th out of 85 stocks


CMA stock logo

About Comerica (NYSE:CMA) Stock

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. 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. The Retail Bank segment includes personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination, and offers consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment includes the corporation's securities portfolio and asset and liability management activities. The Other segment includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequ

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CMA Stock News Headlines

What the SVB Financial Collapse Means for U.S. Banks (CMA)
Bank stocks of all shapes and sizes are likely to remain volatile in the aftermath of the stunning Silicon Valley Bank collapse.
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Comerica (NYSE:CMA) Now Covered by UBS Group
Comerica: Uncertainty Is The Name Of The Game
Comerica (NYSE:CMA) Now Covered by StockNews.com
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Comerica (NYSE:CMA) Stock Price Up 3.2%
Comerica Incorporated (CMA) Could Be a Great Choice
Piper Sandler Lowers Comerica (NYSE:CMA) Price Target to $70.00
Comerica (NYSE:CMA) Now Covered by Analysts at Citigroup
Comerica raises dividend by 4% to $0.71
See More Headlines
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CMA Company Calendar

Ex-Dividend for 1/1 Dividend
12/14/2022
Dividend Payable
1/01/2023
Last Earnings
1/19/2023
Ex-Dividend for 4/1 Dividend
3/14/2023
Today
3/24/2023
Dividend Payable
4/01/2023
Next Earnings (Confirmed)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
20034010
Employees
7,649
Year Founded
1849

Price Target and Rating

Average Stock Price Forecast
$81.10
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+100.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
20 Analysts

Profitability

Net Income
$1.15 billion
Pretax Margin
39.47%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$7.94 per share
Book Value
$36.56 per share

Miscellaneous

Free Float
130,514,000
Market Cap
$5.31 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Curtis Chatman Farmer
    Chairman, President & Chief Executive Officer
  • Megan D. Crespi
    Chief Operating Officer & Senior Executive VP
  • James J. Herzog
    Chief Financial Officer & Senior Executive VP
  • Melinda A. ChausseMelinda A. Chausse
    Chief Credit Officer & Senior Executive VP
  • Jay K. ObergJay K. Oberg
    Chief Risk Officer & Senior Executive VP













CMA Stock - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research 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 2023?

20 Wall Street analysts have issued 1-year price objectives for Comerica's stock. Their CMA share price forecasts range from $54.00 to $93.00. On average, they predict the company's stock price to reach $81.10 in the next twelve months. This suggests a possible upside of 100.7% 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 2023?

Comerica's stock was trading at $66.85 on January 1st, 2023. Since then, CMA shares have decreased by 39.6% and is now trading at $40.40.
View the best growth stocks for 2023 here
.

Are investors shorting Comerica?

Comerica saw a drop in short interest in February. As of February 28th, there was short interest totaling 3,170,000 shares, a drop of 24.5% from the February 13th total of 4,200,000 shares. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.4% of the shares of the stock are sold short.
View Comerica's Short Interest
.

When is Comerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our CMA earnings forecast
.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Thursday, April 20th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its earnings results on Thursday, January, 19th. The financial services provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.02. The financial services provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Comerica had a trailing twelve-month return on equity of 20.75% and a net margin of 30.72%. During the same period in the prior year, the firm posted $1.66 EPS.
Read the conference call transcript
.

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

Comerica announced a quarterly dividend on Tuesday, February 28th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.71 per share on Saturday, April 1st. This represents a $2.84 annualized dividend and a dividend yield of 7.03%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for CMA
.

Is Comerica a good dividend stock?

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 5.84%. CMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 29.13% 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 announced that its Board of Directors has approved a share repurchase program on Tuesday, April 27th 2021, which allows the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are 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 Charles Schwab Investment Management Inc. (2.41%), Geode Capital Management LLC (2.09%), Alliancebernstein L.P. (1.84%), Marshall Wace LLP (1.61%), Morgan Stanley (1.51%) and Dimensional Fund Advisors LP (1.48%). Insiders that own company stock include Cassandra M Mckinney, Cassandra M Mckinney, Christine M Moore, Christine M Moore, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter L Sefzik, 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 $40.40.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $5.31 billion and generates $3.74 billion in revenue each year. The financial services provider earns $1.15 billion in net income (profit) each year or $8.47 on an earnings per share basis.

How many employees does Comerica have?

The company employs 7,649 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..
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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 3/24/2023 by MarketBeat.com Staff