Comerica - CMA Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMA shares.
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20 analysts have issued 12-month price targets for Comerica's shares. Their CMA share price forecasts range from $80.00 to $115.00. On average, they predict the company's stock price to reach $89.00 in the next year. This suggests a possible upside of 35.0% from the stock's current price.
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Comerica's stock was trading at $87.00 on January 1st, 2022. Since then, CMA stock has decreased by 24.2% and is now trading at $65.94.
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Comerica saw a increase in short interest in October. As of October 31st, there was short interest totaling 2,970,000 shares, an increase of 16.0% from the October 15th total of 2,560,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our CMA earnings forecast.

Comerica Incorporated (NYSE:CMA) posted its earnings results on Wednesday, October, 19th. The financial services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.57 by $0.03. The financial services provider earned $985 million during the quarter, compared to the consensus estimate of $966.20 million. Comerica had a net margin of 30.73% and a trailing twelve-month return on equity of 16.56%. During the same quarter in the prior year, the firm posted $1.90 EPS.
Read the conference call transcript.

Comerica declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.68 per share on Sunday, January 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Wednesday, December 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 4.17%. CMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 26.98% 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 of Directors has approved a share buyback plan on Tuesday, April 27th 2021, which allows the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership 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 investors include Vanguard Group Inc. (12.41%), BlackRock Inc. (9.10%), State Street Corp (5.86%), Bank of New York Mellon Corp (4.70%), Bank of New York Mellon Corp (4.70%) and King Luther Capital Management Corp (2.00%). Insiders that own company stock include Cassandra M Mckinney, Christine M Moore, Christine M Moore, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter L Sefzik, 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 $65.94.

Comerica (NYSE:CMA) has a market capitalization of $8.63 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 $7.55 on an earnings per share basis.

The company employs 7,611 workers across the globe.

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.