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.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Phone214-462-6831
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.60 billion
Profitability
Miscellaneous
Employees8,051
Next Earnings Date1/15/2020 (Estimated)
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, July 23rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.67 per share on Tuesday, October 1st. This represents a $2.68 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, September 12th. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica announced that its Board of Directors has authorized a share repurchase program on Tuesday, January 22nd 2019, which authorizes the company to buyback 15,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) released its quarterly earnings data on Wednesday, October, 16th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.06. The financial services provider earned $842 million during the quarter, compared to analysts' expectations of $836.10 million. Comerica had a net margin of 32.11% and a return on equity of 16.82%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
22 brokers have issued 1 year price targets for Comerica's shares. Their predictions range from $54.00 to $104.00. On average, they expect Comerica's stock price to reach $74.58 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 7 sell ratings, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.
Has Comerica been receiving favorable news coverage?
Media coverage about CMA stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news 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 news sentiment score of 0.8 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Comerica.
Are investors shorting Comerica?
Comerica saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,120,000 shares, a decrease of 17.1% from the August 30th total of 4,970,000 shares. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is presently 2.1 days. Currently, 2.8% of the company's stock are sold short. View Comerica's Current Options Chain.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), SunTrust Banks (STI), Standard Chartered (SCBFF), KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), DANSKE BK A/S/S (DNKEY), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), First Horizon National (FHN) and Pinnacle Financial Partners (PNFP).
What other stocks do shareholders of Comerica own?
Who are Comerica's key executives?
Comerica's management team includes the folowing 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
Who are Comerica's major shareholders?
Comerica's stock is owned by a number of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.16%), Hexavest Inc. (0.15%), Boston Trust Walden Corp (0.13%), Envestnet Asset Management Inc. (0.05%), State of Alaska Department of Revenue (0.04%) and Sumitomo Mitsui DS Asset Management Company Ltd (0.04%). Company insiders that own Comerica stock include Christine M Moore, Curtis C Farmer, David E Duprey, 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 institutional investors are selling Comerica stock?
CMA stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Envestnet Asset Management Inc., Gateway Investment Advisers LLC, Reilly Financial Advisors LLC, Nisa Investment Advisors LLC, Liberty Capital Management Inc., Oakbrook Investments LLC and Stephens Inc. AR. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Megan D Burkhart, Paul R Obermeyer and Peter William Guilfoile. View Insider Buying and Selling for Comerica.
Which institutional investors are buying Comerica stock?
CMA stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui DS Asset Management Company Ltd, Robeco Institutional Asset Management B.V., Zeke Capital Advisors LLC, State of Alaska Department of Revenue, Wealthfront Advisers LLC, First Citizens Bank & Trust Co., Hanson & Doremus Investment Management and Pacer Advisors Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Comerica's stock price today?
One share of CMA stock can currently be purchased for approximately $65.51.
How big of a company is Comerica?
Comerica has a market capitalization of $9.78 billion and generates $3.60 billion in revenue each year. The financial services provider earns $1.24 billion in net income (profit) each year or $7.24 on an earnings per share basis. Comerica employs 8,051 workers across the globe.View Additional Information About Comerica.
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.
