NYSE:CMA - Comerica Stock Price, News, & Analysis

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$83.11 +0.84 (+1.02 %)
(As of 03/18/2019 11:50 AM ET)
Previous Close$82.27
Today's Range$81.77 - $83.43
52-Week Range$63.69 - $101.05
Volume448,832 shs
Average Volume2.04 million shs
Market Capitalization$13.12 billion
P/E Ratio11.48
Dividend Yield2.92%
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. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The company also engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, and Michigan, as well as in Arizona and 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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Industry, Sector and Symbol

Industry Banks - Regional - US
Sub-IndustryDiversified Banks
SectorFinance
CUSIP20034010
Phone214-462-6831

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.60 billion
Cash Flow$8.5416 per share
Book Value$46.43 per share

Profitability

Net Income$1.24 billion

Miscellaneous

Employees7,573
Market Cap$13.12 billion
Next Earnings Date4/16/2019 (Confirmed)
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 22nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.67 per share on Monday, April 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Comerica's previous quarterly dividend of $0.60. View Comerica's Dividend History.

How will Comerica's stock buyback program work?

Comerica declared that its Board of Directors has initiated a share buyback plan on Tuesday, January 22nd 2019, which allows the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board believes its stock is undervalued.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) issued its earnings results on Wednesday, January, 16th. The financial services provider reported $1.95 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.87 by $0.08. The financial services provider had revenue of $864 million for the quarter, compared to analysts' expectations of $863.43 million. Comerica had a return on equity of 15.84% and a net margin of 34.24%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. View Comerica's Earnings History.

When is Comerica's next earnings date?

Comerica is scheduled to release their next quarterly earnings announcement on Tuesday, April 16th 2019. View Earnings Estimates for Comerica.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Tuesday, April 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?

25 brokers have issued twelve-month price targets for Comerica's shares. Their forecasts range from $83.00 to $114.00. On average, they anticipate Comerica's share price to reach $95.10 in the next year. This suggests a possible upside of 14.1% from the stock's current price. View Analyst Price Targets for Comerica.

What is the consensus analysts' recommendation for Comerica?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 2 sell ratings, 13 hold ratings, 9 buy ratings and 1 strong buy rating 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 somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Comerica earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

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 NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Bank of America (BAC), Advanced Micro Devices (AMD), Intel (INTC), General Electric (GE), Citigroup (C), JPMorgan Chase & Co. (JPM) and Wells Fargo & Co (WFC).

Who are Comerica's key executives?

Comerica's management team includes the folowing people:
  • Mr. Ralph W. Babb Jr., Chairman & CEO (Age 70)
  • Mr. Curtis Chatman Farmer, Pres & Director (Age 56)
  • Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
  • Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
  • 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.34%), Millennium Management LLC (2.13%), Bank of New York Mellon Corp (1.80%), King Luther Capital Management Corp (1.77%), Geode Capital Management LLC (1.40%) and Northern Trust Corp (1.16%). 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 MERIAN GLOBAL INVESTORS UK Ltd, Principal Financial Group Inc., Victory Capital Management Inc., Millennium Management LLC, Thrivent Financial for Lutherans, Picton Mahoney Asset Management, Mackenzie Financial Corp and FMR LLC. 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 Norges Bank, Two Sigma Advisers LP, Lord Abbett & CO. LLC, APG Asset Management N.V., American Century Companies Inc., MUFG Securities EMEA plc, MUFG Securities EMEA plc and Wedge Capital Management L L P NC. 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 $83.34.

How big of a company is Comerica?

Comerica has a market capitalization of $13.16 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 7,573 workers across the globe.

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:  649 (Vote Outperform)
Underperform Votes:  1,078 (Vote Underperform)
Total Votes:  1,727
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 3/18/2019 by MarketBeat.com Staff

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