NYSE:CMAComerica Stock Price, Forecast & News

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 shares have increased by 0.9% and is now trading at $38.37.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 7 sell ratings, 12 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Comerica.

Comerica is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Comerica.

Comerica Incorporated (NYSE:CMA) released its earnings results on Tuesday, July, 21st. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.59. The financial services provider had revenue of $718 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 earnings per share.
View Comerica's earnings history.

Comerica declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.68 per share on Thursday, October 1st. This represents a $2.72 annualized dividend and a yield of 7.09%. The ex-dividend date is Monday, September 14th.
View Comerica's dividend history.

Comerica declared that its Board of Directors has authorized a stock repurchase plan 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 buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

23 brokers have issued twelve-month price objectives for Comerica's stock. Their forecasts range from $26.00 to $72.50. On average, they anticipate Comerica's stock price to reach $45.31 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
View analysts' price targets for Comerica.

News stories about CMA stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Comerica earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Comerica.

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), DANSKE BK A/S/S (DNKEY), Shinhan Financial Group (SHG), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), TCF Financial (TCF), BOK Financial (BOKF), Akbank T.A.S. (AKBTY), Pinnacle Financial Partners (PNFP), Valley National Bancorp (VLY) and Synovus Financial (SNV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include NVIDIA (NVDA), Bank of America (BAC), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), AT&T (T), Skyworks Solutions (SWKS), General Electric (GE), Applied Materials (AMAT), Honda Motor (HMC) and Mcdonald's (MCD).

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

Comerica's stock is owned by a number of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.73%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Russell Investments Group Ltd. (0.30%), Robeco Institutional Asset Management B.V. (0.29%), Principal Financial Group Inc. (0.21%) and Deroy & Devereaux Private Investment Counsel Inc. (0.17%). 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.

CMA stock was sold by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Sumitomo Mitsui Trust Holdings Inc., Hancock Whitney Corp, Cresset Asset Management LLC, Pillar Pacific Capital Management LLC, Candriam Luxembourg S.C.A., Mackay Shields LLC, and Sciencast Management LP. 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.

CMA stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Robeco Institutional Asset Management B.V., UBS Group AG, Assenagon Asset Management S.A., Bessemer Group Inc., Principal Financial Group Inc., Oregon Public Employees Retirement Fund, and Cullen Frost Bankers Inc..
View insider buying and selling activity for 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.

One share of CMA stock can currently be purchased for approximately $38.37.

Comerica has a market capitalization of $5.33 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.

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

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]