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$3.82 billion
Profitability
Miscellaneous
Employees8,051
Next Earnings Date4/21/2020 (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, November 5th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.67 per share on Wednesday, January 1st. This represents a $2.68 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, December 12th. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 22nd 2019, which permits the company to repurchase 15,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication 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 Tuesday, January, 21st. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The financial services provider earned $810 million during the quarter, compared to analyst estimates of $801.73 million. Comerica had a net margin of 31.33% and a return on equity of 16.20%. During the same period in the previous year, the business posted $1.88 earnings per share. View Comerica's Earnings History.
When is Comerica's next earnings date?
What price target have analysts set for CMA?
20 equities research analysts have issued 12-month price targets for Comerica's stock. Their forecasts range from $65.00 to $84.00. On average, they expect Comerica's stock price to reach $71.85 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
20 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 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?
Headlines about CMA stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Comerica earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Comerica.
Are investors shorting Comerica?
Comerica saw a increase in short interest in December. As of December 13th, there was short interest totalling 3,920,000 shares, an increase of 27.7% from the November 28th total of 3,070,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.8% of the shares of the stock are short sold. 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), TCF Financial (TCF), Cullen/Frost Bankers (CFR), Synovus Financial (SNV), BOK Financial (BOKF) and First Horizon National (FHN).
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 many different of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.32%), Boston Trust Walden Corp (0.22%), New York State Teachers Retirement System (0.17%), Hexavest Inc. (0.16%), State of Alaska Department of Revenue (0.04%) and Johanson Financial Advisors Inc. (0.03%). Company insiders that own Comerica stock include Christine M Moore, Curtis C Farmer, David E Duprey, Hardy Matthew, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile, Ralph W Babb, Jr and Reginald M Turner, 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 Sumitomo Mitsui DS Asset Management Company Ltd, Cozad Asset Management Inc., Nisa Investment Advisors LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Reilly Financial Advisors LLC, New York State Teachers Retirement System and Zeke Capital Advisors LLC. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr. 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 Boston Trust Walden Corp, Johanson Financial Advisors Inc., Wedge Capital Management L L P NC, Groesbeck Investment Management Corp NJ, DNB Asset Management AS, Alpine Global Management LLC, Assenagon Asset Management S.A. and Cerebellum GP LLC. 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 $64.73.
How big of a company is Comerica?
Comerica has a market capitalization of $9.33 billion and generates $3.82 billion in revenue each year. The financial services provider earns $1.24 billion in net income (profit) each year or $7.81 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.
