Comerica Incorporated Company Profile (NYSE:CMA)

Comerica Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."

Comerica Incorporated declared a quarterly dividend on Tuesday, July 25th. Stockholders 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 dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Comerica Incorporated's previous quarterly dividend of $0.26. View Comerica Incorporated's Dividend History.

Comerica Incorporated declared that its Board of Directors has authorized a stock repurchase program on Wednesday, July 26th 2017, which authorizes the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Tuesday, July, 18th. The company reported $1.13 EPS for the quarter, topping the Zacks' consensus estimate of $1.06 by $0.07. The firm had revenue of $776 million for the quarter, compared to analyst estimates of $777.08 million. Comerica Incorporated had a net margin of 23.22% and a return on equity of 9.60%. Comerica Incorporated's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. View Comerica Incorporated's Earnings History.

Comerica Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for Comerica Incorporated.

19 brokers have issued 12 month price targets for Comerica Incorporated's shares. Their predictions range from $61.00 to $82.00. On average, they expect Comerica Incorporated's share price to reach $75.93 in the next year. View Analyst Ratings for Comerica Incorporated.

Here are some recent quotes from research analysts about Comerica Incorporated stock:

• 1. According to Zacks Investment Research, "Comerica’s shares have outperformed the industry over the past year. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. 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. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable." (8/23/2017)
• 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)

Some companies that are related to Comerica Incorporated include M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG), KB Financial Group (KB), KeyCorp (KEY), Credicorp (BAP), Regions Financial Corporation (RF), Banco De Chile (BCH), Huntington Bancshares Incorporated (HBAN), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), SVB Financial Group (SIVB), Grupo Supervielle SA -ADR (SUPV), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY), CIT Group Inc (DEL) (CIT), New York Community Bancorp (NYCB) and Grupo Financiero Galicia S.A. (GGAL).

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

Comerica Incorporated's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.32%), BlackRock Inc. (6.44%), State Street Corp (5.68%), FMR LLC (2.90%), JPMorgan Chase & Co. (2.87%) and American Century Companies Inc. (1.82%). 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.

Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, American Century Companies Inc., Kingdon Capital Management L.L.C., Pzena Investment Management LLC, Lord Abbett & CO. LLC, Standard Life Investments LTD, Westpac Banking Corp and Bank of Nova Scotia. 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.

Comerica Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Vanguard Group Inc., State Street Corp, Voya Investment Management LLC, JPMorgan Chase & Co., Nomura Holdings Inc., Strs Ohio and Systematic Financial Management LP. View Insider Buying and Selling for Comerica Incorporated.

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.

One share of Comerica Incorporated stock can currently be purchased for approximately $70.68.