Comerica - CMA Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 11 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.

17 brokerages have issued 12-month price targets for Comerica's shares. Their CMA share price forecasts range from $77.00 to $115.00. On average, they anticipate the company's stock price to reach $95.45 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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Comerica's stock was trading at $87.00 at the beginning of the year. Since then, CMA shares have decreased by 2.3% and is now trading at $84.96.
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Comerica saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,610,000 shares, an increase of 5.2% from the July 15th total of 2,480,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.0% 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 Wednesday, October 19th 2022.
View our CMA earnings forecast.

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.15. Comerica had a net margin of 30.42% and a trailing twelve-month return on equity of 13.63%. During the same period in the previous year, the business earned $2.32 earnings per share.
Read the conference call transcript.

Comerica declared a quarterly dividend on Tuesday, July 26th. Investors of record on Thursday, September 15th will be given a dividend of $0.68 per share on Saturday, October 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CMA.

Comerica (NYSE:CMA) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.32%. The dividend payout ratio is 39.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 26.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

Comerica declared that its board has initiated a share repurchase plan on Tuesday, April 27th 2021, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.05%), King Luther Capital Management Corp (2.09%), Victory Capital Management Inc. (1.04%), JPMorgan Chase & Co. (0.45%), Bank of Montreal Can (0.41%) and GW Henssler & Associates Ltd. (0.29%). Insiders that own company stock include Cassandra M Mckinney, Christine M Moore, Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter William Guilfoile, Reginald M Turner, Jr, Wendy Bridges and Ximena G Humrichouse.
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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 $84.96.

Comerica (NYSE:CMA) has a market capitalization of $11.11 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.17 billion in net income (profit) each year or $6.85 on an earnings per share basis.

The company employs 7,611 workers across the globe.

Comerica was founded in 1849.

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.