Comerica Incorporated Company Profile (NYSE:CMA)

Comerica Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."

Comerica Incorporated declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.26 per share on Saturday, July 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a boost from Comerica Incorporated's previous quarterly dividend of $0.23. View Comerica Incorporated's Dividend History.

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings results on Tuesday, April, 18th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. The firm had revenue of $741 million for the quarter, compared to analysts' expectations of $735.06 million. Comerica Incorporated had a return on equity of 8.45% and a net margin of 20.42%. During the same period in the prior year, the firm earned $0.34 earnings per share. View Comerica Incorporated's Earnings History.

Comerica Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, July, 18th 2017. View Earnings Estimates for Comerica Incorporated.

22 brokers have issued 12 month price objectives for Comerica Incorporated's shares. Their forecasts range from $36.00 to $81.00. On average, they anticipate Comerica Incorporated's share price to reach $59.19 in the next twelve months. View Analyst Ratings for Comerica Incorporated.

Here are some recent quotes from research analysts about Comerica Incorporated stock:

• 1. According to Zacks Investment Research, "Comerica’s shares outperformed the Zacks categorized Regional Banks-Major industry over the last six months. Also, the company’s first-quarter 2017 adjusted earnings per share surpassed the Zacks Consensus Estimate on higher revenues, along with lower expenses and provisions. Though decline in loans and several regulatory overhangs remain headwinds, the company’s future prospects look promising as it revised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of pressure on margin driven by the Fed interest rate hikes (in Dec 2015 and Mar 2017) is encouraging. Also, Comerica’s active involvement in capital deployment activities acts as a tailwind." (4/21/2017)
• 2. FBR & Co analysts commented, "We reiterate our Market Perform rating and $74 price target, equal to 16.1x our 2018 operating EPS estimate and 1.8x TBV, on Comerica Incorporated following 4Q16 results. This was a good quarter for Comerica with upside from lower expenses as the company's GEAR-Up initiative is starting to bear fruit, but investors were disappointed with CMA's guidance for 2017 loan growth roughly in line with real GDP. Given its markets and improving customer sentiment, the expectation was for more. Still, given expected GEAR-Up cost benefits and rate-induced revenue benefits, we believe CMA can achieve a double-digit ROTCE and sub-60% operating efficiency ratio by year-end. We remain on the sidelines given the muted growth outlook and relative valuation. To reflect lower expenses and the benefit from higher rates, mitigated by slower growth, we raise our 2017 operating EPS estimate to $3.90 (from $3.75) and our 2018 EPS estimate to $4.60 (from $4.45)." (1/17/2017)

Comerica Incorporated saw a decline in short interest during the month of May. As of May 31st, there was short interest totalling 4,310,940 shares, a decline of 37.0% from the May 15th total of 6,846,802 shares. Based on an average trading volume of 1,723,751 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.4% of the shares of the stock are sold short.

Some companies that are related to Comerica Incorporated include Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), Deutsche Bank AG (DB), Shinhan Financial Group Co Ltd (SHG), KB Financial Group (KB), KeyCorp (KEY), Regions Financial Corporation (RF), Credicorp (BAP), Huntington Bancshares Incorporated (HBAN), Banco De Chile (BCH), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), CIT Group Inc (DEL) (CIT), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Grupo Supervielle SA -ADR (SUPV) and New York Community Bancorp (NYCB).

Comerica Incorporated's management team includes the folowing people:

• Ralph W. Babb Jr., Chairman of the Board, Chief Executive Officer
• Curtis C. Farmer, President
• David E. Duprey, Chief Financial Officer, Executive Vice President
• Megan D. Burkhart, Chief Human Resource Officer, Executive Vice President
• Muneera S. Carr, Executive Vice President, Chief Accounting Officer
• Paul R. Obermeyer, Executive Vice President, Chief Information Officer
• Michael H. Michalak, Executive Vice President, Chief Risk Officer
• John D. Buchanan, Executive Vice President, Chief Legal Officer and Corporate Secretary
• Peter William Guilfoile, Executive Vice President, Chief Credit Officer
• Judith S. Love, Executive Vice President

Comerica Incorporated's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.62%), BlackRock Inc. (6.37%), State Street Corp (5.07%), FMR LLC (4.31%), Wellington Management Group LLP (2.79%) and American Century Companies Inc. (2.44%). Company insiders that own Comerica Incorporated stock include 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 Incorporated.

Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Harris Associates L P, FMR LLC, American Century Companies Inc., Pzena Investment Management LLC, SG Americas Securities LLC, Credit Agricole S A, Candriam Luxembourg S.C.A. and EJF Capital LLC. Company insiders that have sold Comerica Incorporated stock in the last year include David E Duprey, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile and Ralph W Babb, Jr. View Insider Buying and Selling for Comerica Incorporated.

Comerica Incorporated's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ameriprise Financial Inc., AQR Capital Management LLC, Janus Capital Management LLC, Vanguard Group Inc., JPMorgan Chase & Co., Kingdon Capital Management L.L.C. and Bank of Nova Scotia. View Insider Buying and Selling for Comerica Incorporated.

Shares of Comerica Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Comerica Incorporated stock can currently be purchased for approximately $71.05.