Comerica - CMA Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 1 sell rating, 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMA shares.
View CMA analyst ratings or view top-rated stocks.

20 equities research analysts have issued 1 year price objectives for Comerica's stock. Their CMA share price forecasts range from $68.00 to $93.00. On average, they predict the company's share price to reach $82.15 in the next twelve months. This suggests a possible upside of 84.3% from the stock's current price.
View analysts price targets for CMA or view top-rated stocks among Wall Street analysts.

Comerica's stock was trading at $66.85 on January 1st, 2023. Since then, CMA shares have decreased by 33.3% and is now trading at $44.57.
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Comerica saw a drop in short interest in the month of 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 currently 2.1 days. Currently, 2.4% of the shares of the stock are short sold.
View Comerica's Short Interest.

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

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.

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

Comerica declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.71 per share on Saturday, April 1st. This represents a $2.84 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Tuesday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for CMA.

ETFs with the largest weight of Comerica (NYSE:CMA) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), InfraCap Equity Income Fund ETF (ICAP), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and First Trust Nasdaq Bank ETF (FTXO).

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.52%. 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.

Comerica announced that its board has authorized a stock buyback program on Tuesday, April 27th 2021, which permits the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.

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.

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).

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

Comerica's stock is owned by a variety of retail and institutional 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.

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.
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One share of CMA stock can currently be purchased for approximately $44.57.

Comerica (NYSE:CMA) has a market capitalization of $5.86 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.

The company employs 7,649 workers across the globe.

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.