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NYSE:CMA

Comerica - CMA Stock Forecast, Price & News

$72.56
-1.50 (-2.03%)
(As of 10/7/2022 10:40 AM ET)
Add
Compare
Today's Range
$71.78
$73.52
50-Day Range
$71.10
$86.59
52-Week Range
$70.64
$102.09
Volume
7,138 shs
Average Volume
1.40 million shs
Market Capitalization
$9.49 billion
P/E Ratio
10.59
Dividend Yield
3.59%
Price Target
$95.53

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
28.6% Upside
$95.26 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.19mentions of Comerica in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$610,505 Sold Last Quarter
Proj. Earnings Growth
24.17%
From $8.48 to $10.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.19 out of 5 stars

Finance Sector

37th out of 882 stocks

National Commercial Banks Industry

7th out of 87 stocks

CMA stock logo

About Comerica (NYSE:CMA) Stock

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial 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 for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

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CMA Stock News Headlines

Comerica (NYSE:CMA) Reaches New 52-Week Low on Analyst Downgrade
Comerica (NYSE:CMA) Receives Outperform Rating from Wedbush
See More Headlines
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CMA Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 10/1 Dividend
9/14/2022
Dividend Payable
10/01/2022
Today
10/07/2022
Next Earnings (Confirmed)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
20034010
Employees
7,611
Year Founded
1849

Price Target and Rating

Average Stock Price Forecast
$95.26
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+31.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
38.71%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$9.52 per share
Book Value
$57.21 per share

Miscellaneous

Free Float
129,826,000
Market Cap
$9.49 billion
Optionable
Optionable
Beta
1.25

Social Links


Key Executives

  • Mr. Curtis Chatman Farmer (Age 59)
    Chairman, CEO & Pres
    Comp: $3.78M
  • Mr. James J. Herzog (Age 60)
    CFO & Exec. VP
    Comp: $1.61M
  • Mr. Peter L. SefzikMr. Peter L. Sefzik (Age 46)
    Exec. VP & Exec. Director of Commercial Bank
    Comp: $1.48M
  • Mr. Jay K. ObergMr. Jay K. Oberg (Age 51)
    Exec. VP & Chief Risk Officer
    Comp: $1.37M
  • Ms. Megan D. Crespi (Age 48)
    Exec. VP and Chief Enterprise Technology & Operations Services Officer
  • Mr. Mauricio A. OrtizMr. Mauricio A. Ortiz (Age 43)
    Exec. VP & Chief Accounting Officer
  • Ms. Darlene P. Persons
    Sr. VP & Director of Investor Relations
  • Ms. Kelly Gage
    Sr. VP & Director of Investor Relations
  • Mr. Von E. Hays
    Sr. VP & Interim Chief Legal Officer
  • Ms. Megan D. Burkhart (Age 50)
    Exec. VP & Chief HR Officer













CMA Stock - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 1 sell rating, 5 hold ratings and 10 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.

What is Comerica's stock price forecast for 2022?

16 analysts have issued 1 year price objectives for Comerica's stock. Their CMA share price forecasts range from $77.00 to $115.00. On average, they predict the company's share price to reach $95.26 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts price targets for CMA
or view top-rated stocks among Wall Street analysts.

How have CMA shares performed in 2022?

Comerica's stock was trading at $87.00 on January 1st, 2022. Since then, CMA stock has decreased by 14.9% and is now trading at $74.06.
View the best growth stocks for 2022 here
.

Are investors shorting Comerica?

Comerica saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,220,000 shares, an increase of 9.9% from the August 31st total of 2,020,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.7% of the shares of the stock are sold short.
View Comerica's Short Interest
.

When is Comerica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our CMA earnings forecast
.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Wednesday, October 19th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its earnings results on Wednesday, July, 20th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.15. The financial services provider earned $829 million during the quarter, compared to analyst estimates of $808.26 million. Comerica had a trailing twelve-month return on equity of 13.63% and a net margin of 30.42%. During the same quarter in the prior year, the business posted $2.32 earnings per share.
Read the conference call transcript
.

How often does Comerica pay dividends? What is the dividend yield for Comerica?

Comerica declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.68 per share on Saturday, October 1st. This represents a $2.72 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CMA
.

Is Comerica a good dividend stock?

Comerica (NYSE:CMA) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.59%. 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 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 26.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

How will Comerica's stock buyback program work?

Comerica declared that its Board of Directors has approved a share repurchase program on Tuesday, April 27th 2021, which permits the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

What is Curtis C Farmer's approval rating as Comerica's CEO?

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.

What other stocks do shareholders of Comerica own?

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).

What is Comerica's stock symbol?

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

Who are Comerica's major shareholders?

Comerica's stock is owned by many different institutional and retail investors. Top institutional investors include Moody National Bank Trust Division (0.01%), Symmetry Partners LLC (0.01%) and Martin Capital Partners LLC (0.01%). 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 L Sefzik, Peter William Guilfoile, Reginald M Turner, Jr, Wendy Bridges and Ximena G Humrichouse.
View institutional ownership trends
.

How do I buy shares of Comerica?

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.
Compare Top Brokerages Here.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $74.06.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $9.69 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.

How many employees does Comerica have?

The company employs 7,611 workers across the globe.

Does Comerica have any subsidiaries?
The following companies are subsidiares of Comerica: B&G Tax Equity Partnership LLC, Briel Farm Solar LLC, Cass & Co., Comerica Assurance Ltd., Comerica Bank, Comerica Bank & Trust National Association, Comerica Capital Advisors Incorporated, Comerica Financial Incorporated, Comerica Holdings Incorporated, Comerica Insurance Group Inc., Comerica Insurance Services Inc., Comerica Insurance Services of Texas Incorporated, Comerica Investment Services Inc., Comerica Leasing Corporation, Comerica Management Company, Comerica Properties Corporation, Comerica Securities Inc., Comerica Ventures Incorporated, Gardy's Mill Solar LLC, Imperial Bancorp, Interstate Select Insurance Services Inc., Munder UK L.L.C., SCFS Reverse Exchange LLC, Silver Funding Corp., Sterling Bancshares, USB RETC Fund 2020-23 LLC, VRB Comfort LLC, VRB Corp., VRB Marketplace of Rochester Hills LLC, VRB Ocala Ranch LLC, VRB Red Oak LLC, WAM Holdings Inc., and Wilson Kemp & Associates Inc..
Read More
How can I contact Comerica?

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.

This page (NYSE:CMA) was last updated on 10/7/2022 by MarketBeat.com Staff

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