NYSE:CMA - Comerica Stock Price, News & Analysis

$60.90
-1.17 (-1.88 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$60.69
Now: $60.90
$61.45
50-Day Range
$59.66
MA: $68.69
$73.14
52-Week Range
$59.00
Now: $60.90
$100.64
Volume1.20 million shs
Average Volume1.95 million shs
Market Capitalization$9.10 billion
P/E Ratio8.41
Dividend Yield4.32%
Beta1.45
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. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP20034010
Phone214-462-6831

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.60 billion
Cash Flow$8.3884 per share
Book Value$46.43 per share

Profitability

Net Income$1.24 billion

Miscellaneous

Employees8,051
Market Cap$9.10 billion
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Tuesday, July 23rd. Investors of record on Friday, September 13th will be given a dividend of $0.67 per share on Tuesday, October 1st. This represents a $2.68 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, September 12th. View Comerica's Dividend History.

How will Comerica's stock buyback program work?

Comerica announced that its board has initiated a share 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. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) posted its quarterly earnings data on Wednesday, July, 17th. The financial services provider reported $1.94 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.01 by $0.07. The financial services provider earned $853 million during the quarter, compared to analyst estimates of $859.09 million. Comerica had a net margin of 33.29% and a return on equity of 16.92%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 EPS. View Comerica's Earnings History.

When is Comerica's next earnings date?

Comerica is scheduled to release their next quarterly earnings announcement on Tuesday, October 15th 2019. View Earnings Estimates for Comerica.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Wednesday, October 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CMA?

23 brokerages have issued 1 year price objectives for Comerica's shares. Their forecasts range from $66.00 to $107.00. On average, they expect Comerica's stock price to reach $84.70 in the next year. This suggests a possible upside of 39.1% from the stock's current price. View Analyst Price Targets for Comerica.

What is the consensus analysts' recommendation for Comerica?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 5 sell ratings, 13 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.

Has Comerica been receiving favorable news coverage?

Media coverage about CMA stock has trended positive this week, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Comerica earned a news impact score of 2.5 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the near future. View News Stories for Comerica.

Are investors shorting Comerica?

Comerica saw a decrease in short interest during the month of July. As of July 15th, there was short interest totalling 4,304,600 shares, a decrease of 37.9% from the June 15th total of 6,935,700 shares. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 2.4 days. Approximately 2.7% of the shares of the company are short sold. View Comerica's Current Options Chain.

Who are some of Comerica's key competitors?

What other stocks do shareholders of Comerica own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), Skyworks Solutions (SWKS), General Electric (GE), Honda Motor (HMC), Intel (INTC), Home Depot (HD), Applied Materials (AMAT) and Micron Technology (MU).

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 a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.00%), BlackRock Inc. (7.84%), JPMorgan Chase & Co. (2.37%), King Luther Capital Management Corp (1.96%), Bank of New York Mellon Corp (1.89%) and Invesco Ltd. (1.84%). Company insiders that own Comerica stock include Christine M Moore, Curtis C Farmer, David E Duprey, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile and Ralph W Babb, 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 APG Asset Management N.V., Artemis Investment Management LLP, Natixis, Bank of New York Mellon Corp, DekaBank Deutsche Girozentrale, Balyasny Asset Management LLC, Maltese Capital Management LLC and Man Group plc. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Megan D Burkhart, Paul R Obermeyer and Peter William Guilfoile. View Insider Buying and Selling for Comerica.

Which institutional investors are buying Comerica stock?

CMA stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Vanguard Group Inc., KBC Group NV, Schroder Investment Management Group, First Trust Advisors LP, BlackRock Inc. and Hexavest Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $60.90.

How big of a company is Comerica?

Comerica has a market capitalization of $9.10 billion and generates $3.60 billion in revenue each year. The financial services provider earns $1.24 billion in net income (profit) each year or $7.24 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?

The official website for Comerica is http://www.comerica.com/.

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)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  694 (Vote Outperform)
Underperform Votes:  1,138 (Vote Underperform)
Total Votes:  1,832
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.
This page was last updated on 8/20/2019 by MarketBeat.com Staff

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