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 N/A
Sub-IndustryDiversified Banks
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
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 declared a quarterly dividend on Tuesday, January 28th. Shareholders of record on Friday, March 13th will be given a dividend of $0.68 per share on Wednesday, April 1st. This represents a $2.72 annualized dividend and a yield of 4.33%. The ex-dividend date is Thursday, March 12th. This is an increase from Comerica's previous quarterly dividend of $0.67. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its Board of Directors has initiated a share repurchase program on Tuesday, January 22nd 2019, which permits the company to buyback 15,000,000 shares, according to EventVestor. This buyback authorization permits the company to buy 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.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) released its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $1.85 EPS for the quarter, beating the Zacks' consensus estimate of $1.74 by $0.11. The financial services provider had revenue of $810 million for the quarter, compared to analyst estimates of $801.73 million. During the same period last 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 brokers have issued 1-year price targets for Comerica's shares. Their forecasts range from $65.00 to $84.00. On average, they anticipate Comerica's share price to reach $71.85 in the next twelve months. This suggests a possible upside of 14.5% 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 trended somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of news 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 negative five to five, with scores nearest to five being the most favorable. Comerica earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Comerica.
Are investors shorting Comerica?
Comerica saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,660,000 shares, a drop of 8.5% from the January 15th total of 4,000,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the company's shares are sold short. View Comerica's Current Options Chain.
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 retail and institutional investors. Top institutional investors include State Street Corp (5.34%), King Luther Capital Management Corp (2.05%), AQR Capital Management LLC (1.51%), Bank of New York Mellon Corp (1.26%), Panagora Asset Management Inc. (1.17%) and Rockefeller Capital Management L.P. (1.07%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, 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 major investors are selling Comerica stock?
CMA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Acadian Asset Management LLC, Cubist Systematic Strategies LLC, UBS Group AG, State Street Corp, FMR LLC, Connor Clark & Lunn Investment Management Ltd. and Jacobs Levy Equity Management Inc.. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, James Harry Weber, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr. View Insider Buying and Selling for Comerica.
Which major investors are buying Comerica stock?
CMA stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, Todd Asset Management LLC, AJO LP, Panagora Asset Management Inc., Massachusetts Financial Services Co. MA and First Trust Advisors LP. 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 $62.76.
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.
