About Comerica Incorporated (NYSE:CMA)
Comerica Incorporated is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering 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. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment advisory services, investment banking and brokerage services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Diversified Banks
- Symbol: NYSE:CMA
- CUSIP: 20034010
- Web: www.comerica.com
- Market Cap: $13.64 billion
- Outstanding Shares: 173,643,000
- 50 Day Moving Avg: $73.05
- 200 Day Moving Avg: $71.53
- 52 Week Range: $49.81 - $79.22
Sales & Book Value:
- Trailing P/E Ratio: 17.79
- Foreward P/E Ratio: 14.76
- P/E Growth: 0.62
- Annual Revenue: $2.97 billion
- Price / Sales: 4.59
- Book Value: $46.27 per share
- Price / Book: 1.70
- Annual Dividend: $1.20
- Dividend Yield: 1.5%
- Net Margins: 24.87%
- Return on Equity: 10.35%
- Return on Assets: 1.09%
- Debt-to-Equity Ratio: 0.58%
- Current Ratio: 1.00%
- Quick Ratio: 1.00%
- Average Volume: 1.61 million shs.
- Beta: 1.51
- Short Ratio: 2.35
Frequently Asked Questions for Comerica Incorporated (NYSE:CMA)
What is Comerica Incorporated's stock symbol?
Comerica Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."
How often does Comerica Incorporated pay dividends? What is the dividend yield for Comerica Incorporated?
Comerica Incorporated declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Friday, September 15th will be given a dividend of $0.30 per share on Sunday, October 1st. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Comerica Incorporated's previous quarterly dividend of $0.26. View Comerica Incorporated's Dividend History.
How will Comerica Incorporated's stock buyback program work?
Comerica Incorporated announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 26th 2017, which allows the company to repurchase 5,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.
How were Comerica Incorporated's earnings last quarter?
Comerica Incorporated (NYSE:CMA) announced its quarterly earnings results on Tuesday, October, 17th. The company reported $1.26 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.23 by $0.03. The company earned $821 million during the quarter, compared to analysts' expectations of $812.83 million. Comerica Incorporated had a net margin of 24.87% and a return on equity of 10.35%. During the same period in the previous year, the company posted $0.84 earnings per share. View Comerica Incorporated's Earnings History.
When will Comerica Incorporated make its next earnings announcement?
Where is Comerica Incorporated's stock going? Where will Comerica Incorporated's stock price be in 2017?
22 brokers have issued 1-year price targets for Comerica Incorporated's shares. Their forecasts range from $61.00 to $86.00. On average, they anticipate Comerica Incorporated's share price to reach $77.47 in the next twelve months. View Analyst Ratings for Comerica Incorporated.
What are analysts saying about Comerica Incorporated stock?
Here are some recent quotes from research analysts about Comerica Incorporated stock:
- 1. According to Zacks Investment Research, "Shares of Comerica have underperformed the industry year to date. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. However, its exposure to Michigan and California, two challenging economies, remains a headwind. Also, significant exposure to commercial loans keeps us apprehensive. Further, a stretched valuation indicates that the stock has limited upside potential." (9/19/2017)
- 2. FBR & Co analysts commented, "We reiterate our Market Perform rating and $74 price target, equal to 16.1x our 2018 operating EPS estimate and 1.8x TBV, on Comerica Incorporated following 4Q16 results. This was a good quarter for Comerica with upside from lower expenses as the company's GEAR-Up initiative is starting to bear fruit, but investors were disappointed with CMA's guidance for 2017 loan growth roughly in line with real GDP. Given its markets and improving customer sentiment, the expectation was for more. Still, given expected GEAR-Up cost benefits and rate-induced revenue benefits, we believe CMA can achieve a double-digit ROTCE and sub-60% operating efficiency ratio by year-end. We remain on the sidelines given the muted growth outlook and relative valuation. To reflect lower expenses and the benefit from higher rates, mitigated by slower growth, we raise our 2017 operating EPS estimate to $3.90 (from $3.75) and our 2018 EPS estimate to $4.60 (from $4.45)." (1/17/2017)
Who are some of Comerica Incorporated's key competitors?
Some companies that are related to Comerica Incorporated include ICICI Bank Limited (IBN), Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG), KeyCorp (KEY), KB Financial Group (KB), Regions Financial Corporation (RF), Credicorp (BAP), Huntington Bancshares Incorporated (HBAN), Banco de Chile (BCH), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), Grupo Aval Acciones y Valores S.A. (AVAL), SVB Financial Group (SIVB), Macro Bank (BMA), East West Bancorp (EWBC), Grupo Financiero Galicia S.A. (GGAL) and Signature Bank (SBNY).
Who are Comerica Incorporated's key executives?
Comerica Incorporated's management team includes the folowing people:
- Ralph W. Babb Jr., Chairman of the Board, Chief Executive Officer
- Curtis C. Farmer, President
- David E. Duprey, Chief Financial Officer, Executive Vice President
- Megan D. Burkhart, Chief Human Resource Officer, Executive Vice President
- Muneera S. Carr, Executive Vice President, Chief Accounting Officer
- Paul R. Obermeyer, Executive Vice President, Chief Information Officer
- Michael H. Michalak, Executive Vice President, Chief Risk Officer
- John D. Buchanan, Executive Vice President, Chief Legal Officer and Corporate Secretary
- Peter William Guilfoile, Executive Vice President, Chief Credit Officer
- Judith S. Love, Executive Vice President
Who owns Comerica Incorporated stock?
Comerica Incorporated's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Strs Ohio (0.28%), Robeco Institutional Asset Management B.V. (0.09%), Assenagon Asset Management S.A. (0.06%), APG Asset Management N.V. (0.05%), Mutual of America Capital Management LLC (0.03%) and State Treasurer State of Michigan (0.03%). Company insiders that own Comerica Incorporated stock include David E Duprey, De Ven Michael G Van, 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 Incorporated.
Who sold Comerica Incorporated stock? Who is selling Comerica Incorporated stock?
Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., Northpointe Capital LLC and State Treasurer State of Michigan. Company insiders that have sold Comerica Incorporated stock in the last year include 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 Insider Buying and Selling for Comerica Incorporated.
Who bought Comerica Incorporated stock? Who is buying Comerica Incorporated stock?
Comerica Incorporated's stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Strs Ohio, Meeder Asset Management Inc., Shell Asset Management Co., APG Asset Management N.V., Mutual of America Capital Management LLC, FormulaFolio Investments LLC and Oakbrook Investments LLC. View Insider Buying and Selling for Comerica Incorporated.
How do I buy Comerica Incorporated stock?
Shares of Comerica Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Comerica Incorporated's stock price today?
MarketBeat Community Rating for Comerica Incorporated (NYSE CMA)MarketBeat's community ratings are surveys of what our community members think about Comerica Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Comerica Incorporated stock can currently be purchased for approximately $78.54.
Consensus Ratings for Comerica Incorporated (NYSE:CMA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 13 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.23)|
|Consensus Price Target: ||$77.47 (1.36% downside)|Consensus Price Target History for Comerica Incorporated (NYSE:CMA)
Analysts' Ratings History for Comerica Incorporated (NYSE:CMA)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/23/2017||Nomura||Boost Price Target||Neutral||$74.00 -> $86.00||N/A|
|10/20/2017||Robert W. Baird||Reiterated Rating||Hold||$74.00||N/A|
|10/18/2017||DA Davidson||Reiterated Rating||Average -> Hold||$81.00||N/A|
|10/17/2017||FBR & Co||Reiterated Rating||Buy -> Buy||$79.00 -> $84.00||N/A|
|10/17/2017||Piper Jaffray Companies||Reiterated Rating||Buy||N/A|
|10/9/2017||Citigroup Inc.||Reiterated Rating||Sell||$65.00 -> $69.00||N/A|
|10/4/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$76.00 -> $79.00||N/A|
|10/4/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$80.00||N/A|
|9/30/2017||Instinet||Reiterated Rating||Neutral||$71.00 -> $74.00||Low|
|9/22/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$79.00||Low|
|9/15/2017||Jefferies Group LLC||Reiterated Rating||Buy||$81.00||Medium|
|9/16/2017||Sanford C. Bernstein||Reiterated Rating||Market Perform||$78.00 -> $80.00||Medium|
|9/8/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$82.00||High|
|8/9/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$73.00||High|
|7/20/2017||BMO Capital Markets||Reiterated Rating||Hold||$79.00||Low|
|7/12/2017||Barclays PLC||Reiterated Rating||Underweight||$72.00 -> $76.00||Low|
|4/19/2017||Deutsche Bank AG||Boost Price Target||Hold||$74.00||Medium|
|1/31/2017||Sandler O'Neill||Downgrade||Buy -> Hold||N/A|
|1/5/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||N/A|
|12/15/2016||Bank of America Corporation||Upgrade||Underperform -> Neutral||N/A|
|11/30/2016||Wedbush||Boost Price Target||Neutral||$58.00 -> $61.00||N/A|
|9/16/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$52.00||N/A|
|7/20/2016||Compass Point||Boost Price Target||Neutral -> Neutral||$40.00 -> $44.00||N/A|
|7/17/2016||Leerink Swann||Reiterated Rating||Buy||N/A|
|7/12/2016||Credit Suisse Group||Reiterated Rating||Hold||$37.00||N/A|
|6/3/2016||Raymond James Financial, Inc.||Reiterated Rating||Outperform||N/A|
|3/1/2016||Macquarie||Lower Price Target||Neutral||$39.00 -> $38.00||N/A|
|2/17/2016||Evercore ISI||Lower Price Target||Hold||$39.00 -> $37.00||N/A|
|1/14/2016||Sterne Agee CRT||Lower Price Target||$44.00 -> $41.00||N/A|
|11/17/2015||Susquehanna Bancshares Inc||Boost Price Target||Neutral||$49.00 -> $50.00||N/A|
Earnings History for Comerica Incorporated (NYSE:CMA)Earnings History by Quarter for Comerica Incorporated (NYSE CMA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/17/2017||Q3 2017||$1.23||$1.26||$812.83 million||$821.00 million||View||N/A|
|7/18/2017||Q2 2017||$1.06||$1.13||$777.08 million||$776.00 million||View||N/A|
|4/18/2017||Q1 2017||$1.01||$1.11||$735.06 million||$741.00 million||View||N/A|
|1/17/2017||Q416||$0.87||$0.92||$728.90 million||$722.00 million||View||Listen|
|10/18/2016||Q316||$0.74||$0.84||$722.64 million||$722.00 million||View||Listen|
|7/19/2016||Q216||$0.69||$0.58||$716.95 million||$714.00 million||View||Listen|
|4/19/2016||Q116||$0.45||$0.34||$708.21 million||$693.00 million||View||Listen|
|1/19/2016||Q415||$0.69||$0.71||$693.23 million||$703.00 million||View||Listen|
|10/16/2015||Q315||$0.69||$0.74||$691.87 million||$686.00 million||View||Listen|
|7/17/2015||Q215||$0.75||$0.73||$673.25 million||$682.00 million||View||Listen|
|4/17/2015||Q115||$0.73||$0.73||$626.93 million||$669.00 million||View||Listen|
|1/16/2015||Q414||$0.77||$0.80||$634.20 million||$640.00 million||View||Listen|
|10/17/2014||Q314||$0.80||$0.79||$638.50 million||$629.00 million||View||Listen|
|7/15/2014||Q214||$0.76||$0.80||$626.35 million||$636.00 million||View||Listen|
|4/15/2014||Q114||$0.72||$0.73||$614.03 million||$618.00 million||View||Listen|
|7/16/2013||Q2 2013||$0.70||$0.76||$621.67 million||$622.00 million||View||Listen|
|4/16/2013||Q1 2013||$0.68||$0.70||$622.14 million||View||Listen|
|1/16/2013||Q4 2012||$0.65||$0.68||$620.47 million||View||Listen|
Earnings Estimates for Comerica Incorporated (NYSE:CMA)
2017 EPS Consensus Estimate: $4.44
2018 EPS Consensus Estimate: $5.41
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Comerica Incorporated (NYSE:CMA)
|Most Recent Dividend:||10/1/2017|
|Dividend Growth:||9.60% (3 Year Average)|
|Payout Ratio:||27.15% (Trailing 12 Months of Earnings) |
25.64% (Based on This Year's Estimates)
22.56% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Comerica Incorporated (NYSE CMA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Comerica Incorporated (NYSE:CMA)
Insider Ownership Percentage: 1.10%Insider Trades by Quarter for Comerica Incorporated (NYSE:CMA)
Institutional Ownership Percentage: 82.45%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/28/2017||Peter William Guilfoile||Insider||Sell||2,928||$69.50||$203,496.00|| |
|8/23/2017||Paul R. Obermeyer||Insider||Sell||20,321||$70.24||$1,427,347.04|| |
|8/22/2017||Judith S. Love||Insider||Sell||21,000||$69.74||$1,464,540.00|| |
|5/1/2017||Ralph W. Babb, Jr.||CEO||Sell||83,600||$70.94||$5,930,584.00|| |
|1/31/2017||David E. Duprey||CFO||Sell||59,000||$67.82||$4,001,380.00|| |
|1/31/2017||Megan D. Burkhart||EVP||Sell||28,800||$67.58||$1,946,304.00|| |
|1/31/2017||Paul R. Obermeyer||Insider||Sell||15,235||$67.79||$1,032,780.65|| |
|1/25/2017||De Ven Michael G Van||Director||Buy||5,000||$69.14||$345,700.00|| |
|1/25/2017||Muneera S. Carr||EVP||Sell||1,368||$69.13||$94,569.84|| |
|1/20/2017||Judith S. Love||Insider||Sell||36,900||$66.77||$2,463,813.00|| |
|1/20/2017||Muneera S. Carr||EVP||Sell||1,125||$66.82||$75,172.50|| |
|11/23/2016||Paul R. Obermeyer||Insider||Sell||198||$61.96||$12,268.08|| |
|11/21/2016||Megan D. Burkhart||EVP||Sell||4,373||$60.72||$265,528.56|| |
|11/21/2016||Peter William Guilfoile||Insider||Sell||106||$60.68||$6,432.08|| |
|11/2/2016||Michael T. Ritchie||Insider||Sell||2,362||$50.90||$120,225.80|| |
|10/21/2016||Muneera S. Carr||EVP||Sell||1,986||$51.07||$101,425.02|| |
|8/25/2016||Paul R. Obermeyer||Insider||Sell||2,302||$45.92||$105,707.84|| |
|3/3/2015||Peter William Guilfoile||EVP||Sell||1,200||$45.81||$54,972.00|| |
|8/22/2014||Jon W Bilstrom||EVP||Sell||3,683||$50.56||$186,212.48|| |
|8/22/2014||Muneera S Carr||CAO||Sell||1,403||$50.09||$70,276.27|| |
|8/7/2014||Michael T Ritchie||EVP||Sell||1,873||$49.30||$92,338.90|| |
|5/30/2014||Jon W Bilstrom||EVP||Sell||2,416||$47.70||$115,243.20|| |
|5/28/2014||Paul R Obermeyer||EVP||Sell||8,057||$47.15||$379,887.55|| |
|2/5/2014||John Killian||EVP||Sell||18,906||$44.56||$842,451.36|| |
|1/24/2014||J Michael Fulton||EVP||Sell||7,234||$47.52||$343,759.68|| |
|7/23/2013||David E Duprey||EVP||Sell||7,314||$42.51||$310,918.14|| |
|7/18/2013||Jon W Bilstrom||EVP||Sell||13,148||$42.19||$554,714.12|| |
|5/17/2013||Thomas D Ogden||EVP||Sell||1,987||$39.78||$79,042.86|| |
|10/22/2012||Jacqueline P Kane||Director||Buy||1,000||$29.39||$29,390.00|| |
Headline Trends for Comerica Incorporated (NYSE:CMA)
Latest Headlines for Comerica Incorporated (NYSE:CMA)
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Comerica Incorporated (CMA) Chart for Monday, October, 23, 2017