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NYSE:CMA

Comerica - CMA Stock Forecast, Price & News

$65.94
+0.76 (+1.17%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.80
$66.49
50-Day Range
$64.76
$76.44
52-Week Range
$64.11
$102.09
Volume
1.05 million shs
Average Volume
1.38 million shs
Market Capitalization
$8.63 billion
P/E Ratio
8.73
Dividend Yield
4.17%
Price Target
$89.00

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
35.0% Upside
$89.00 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.21mentions of Comerica in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$11,508 Sold Last Quarter
Proj. Earnings Growth
18.73%
From $8.49 to $10.08 Per Share

Overall MarketRank

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

3.70 out of 5 stars

Finance Sector

3rd out of 862 stocks

National Commercial Banks Industry

1st out of 84 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 Bank's Michigan Index Rose Through August
Comerica Bank's Texas Index Grew Slower in August
Comerica Bank's California Index Lower in August
Comerica Reports Third Quarter 2022 Earnings Results
See More Headlines
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CMA Company Calendar

Ex-Dividend for 10/1 Dividend
9/14/2022
Dividend Payable
10/01/2022
Last Earnings
10/19/2022
Today
12/09/2022
Ex-Dividend for 1/1 Dividend
12/14/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/01/2023
Next Earnings (Estimated)
1/18/2023

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
$89.00
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+35.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
20 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
39.38%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$10.02 per share
Book Value
$57.21 per share

Miscellaneous

Free Float
129,957,000
Market Cap
$8.63 billion
Optionable
Optionable
Beta
1.19

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
    Exec. VP, Chief Legal Officer & Gen. Counsel
  • 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?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research 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 2023?

20 analysts have issued 12-month price targets for Comerica's shares. Their CMA share price forecasts range from $80.00 to $115.00. On average, they predict the company's stock price to reach $89.00 in the next year. This suggests a possible upside of 35.0% 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 24.2% and is now trading at $65.94.
View the best growth stocks for 2022 here
.

Are investors shorting Comerica?

Comerica saw a increase in short interest in October. As of October 31st, there was short interest totaling 2,970,000 shares, an increase of 16.0% from the October 15th total of 2,560,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.3% of the shares of the company 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, January 18th 2023.
View our CMA earnings forecast
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) posted its earnings results on Wednesday, October, 19th. The financial services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.57 by $0.03. The financial services provider earned $985 million during the quarter, compared to the consensus estimate of $966.20 million. Comerica had a net margin of 30.73% and a trailing twelve-month return on equity of 16.56%. During the same quarter in the prior year, the firm posted $1.90 EPS.
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, November 8th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.68 per share on Sunday, January 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Wednesday, December 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 4.17%. CMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 36.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 26.98% 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 buyback plan on Tuesday, April 27th 2021, which allows the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically 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 Vanguard Group Inc. (12.41%), BlackRock Inc. (9.10%), State Street Corp (5.86%), Bank of New York Mellon Corp (4.70%), Bank of New York Mellon Corp (4.70%) and King Luther Capital Management Corp (2.00%). Insiders that own company stock include Cassandra M Mckinney, Christine M Moore, Christine M Moore, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter L Sefzik, 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 $65.94.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $8.63 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 $7.55 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 12/9/2022 by MarketBeat.com Staff