Comerica Stock Forecast, Price & News

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMA shares have decreased by 4.2% and is now trading at $36.44.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 13 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
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Comerica will be holding an earnings conference call on Tuesday, October 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.59. The financial services provider earned $718 million during 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%. Comerica's revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 EPS.
View Comerica's earnings history.

Comerica declared a quarterly dividend on Tuesday, July 28th. Investors 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 dividend yield of 7.46%. The ex-dividend date of this dividend is Monday, September 14th.
View Comerica's dividend history.

Comerica announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 22nd 2019, which allows the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

23 Wall Street analysts have issued 1-year target prices 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 24.3% from the stock's current price.
View analysts' price targets for Comerica.

Comerica saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,700,000 shares, a decrease of 17.8% from the August 15th total of 5,720,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 3.4% of the shares of the company are short sold.
View Comerica's Short Interest.

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), KeyCorp (KEY), Shinhan Financial Group (SHG), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), TCF Financial (TCF), Akbank T.A.S. (AKBTY), Synovus Financial (SNV), First National of Nebraska (FINN) and Community Bank System (CBU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include AT&T (T), Bank of America (BAC), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Walmart (WMT), AbbVie (ABBV), General Electric (GE) 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 Vanguard Group Inc. (11.74%), FMR LLC (2.54%), Bank of New York Mellon Corp (1.85%), King Luther Capital Management Corp (1.73%), Charles Schwab Investment Management Inc. (1.42%) and Goldman Sachs Group Inc. (1.36%). 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 Vanguard Group Inc., AQR Capital Management LLC, King Luther Capital Management Corp, Boston Trust Walden Corp, Bank of America Corp DE, Thrivent Financial for Lutherans, Nordea Investment Management AB, and Sei Investments Co.. 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, Neuberger Berman Group LLC, Charles Schwab Investment Management Inc., Holocene Advisors LP, Goldman Sachs Group Inc., Azora Capital LP, FMR LLC, and Point72 Asset Management L.P..
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 $36.44.

Comerica has a market capitalization of $5.07 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]