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NYSE:CMA

Comerica Stock Forecast, Price & News

$76.24
-0.84 (-1.09 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$75.85
$78.95
50-Day Range
$66.74
$78.58
52-Week Range
$27.84
$79.84
Volume1.67 million shs
Average Volume1.50 million shs
Market Capitalization$10.64 billion
P/E Ratio21.00
Dividend Yield3.53%
Beta1.67
30 days | 90 days | 365 days | Advanced Chart
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Comerica logo

About Comerica

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. It 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, and Canada. 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 National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP20034010
Phone214-462-6831
Employees7,429
Year Founded1849

Sales & Book Value

Annual Sales$3.82 billion
Cash Flow$10.80 per share
Book Value$50.83 per share

Profitability

Net Income$1.20 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$10.64 billion
Next Earnings Date7/20/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.42 out of 5 stars

Finance Sector

30th out of 1,953 stocks

National Commercial Banks Industry

3rd out of 164 stocks

Analyst Opinion: 2.1Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Comerica (NYSE:CMA) Frequently Asked Questions

Is Comerica a buy right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 5 sell ratings, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Comerica stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMA, but not buy additional shares or sell existing shares.
View analyst ratings for Comerica
or view top-rated stocks.

What stocks does MarketBeat like better than Comerica?

Wall Street analysts have given Comerica a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Comerica wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Comerica
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) issued its earnings results on Monday, April, 19th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.37 by $1.06. The financial services provider earned $713 million during the quarter, compared to analyst estimates of $722.96 million. Comerica had a trailing twelve-month return on equity of 7.12% and a net margin of 16.17%. During the same quarter in the previous year, the firm posted ($0.46) EPS.
View Comerica's earnings history
.

How has Comerica's stock been impacted by Coronavirus?

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMA stock has increased by 100.5% and is now trading at $76.24.
View which stocks have been most impacted by COVID-19
.

How often does Comerica pay dividends? What is the dividend yield for Comerica?

Comerica announced a quarterly dividend on Tuesday, April 27th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.68 per share on Thursday, July 1st. This represents a $2.72 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, June 14th.
View Comerica's dividend history
.

Is Comerica a good dividend stock?

Comerica pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.53%. Comerica has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Comerica is 34.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Comerica will have a dividend payout ratio of 61.26% next year. This indicates that Comerica will be able to sustain or increase its dividend.
View Comerica's dividend history.

How will Comerica's stock buyback program work?

Comerica announced that its board has approved a share buyback plan on Tuesday, April 27th 2021, which authorizes the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for CMA?

21 brokers have issued 1-year target prices for Comerica's stock. Their forecasts range from $26.00 to $100.00. On average, they anticipate Comerica's stock price to reach $66.74 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts' price targets for Comerica
or view top-rated stocks among Wall Street analysts.

Who are Comerica's key executives?

Comerica's management team includes the following people:
  • Mr. Curtis Chatman Farmer, Exec. Chairman, CEO & Pres (Age 58, Pay $1.67M)
  • Mr. James J. Herzog, CFO & Exec. VP (Age 59, Pay $772.15k)
  • Ms. Megan D. Crespi, Exec. VP and Chief Enterprise Technology & Operations Services Officer (Age 47, Pay $657.38k)
  • Mr. John D. Buchanan, Exec. VP of Legal & Regulatory Affairs and Corp. Sec. (Age 57, Pay $944.17k)
  • Mr. James McGregor Carr, Exec. VP & Exec. Director of Wealth Management (Age 53, Pay $1.47M)
  • Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council
  • Mr. Mauricio A. Ortiz, Sr. VP & Chief Accounting Officer (Age 42)
  • Ms. Darlene P. Persons, Director of Investor Relations
  • Ms. Megan D. Burkhart, Exec. VP & Chief HR Officer (Age 49)
  • Michele Lafonte Jones, Sr. VP and Alternate Group Mang. - Energy Fin. Group

What is Curtis C Farmer's approval rating as Comerica's CEO?

47 employees have rated Comerica CEO Curtis C Farmer on Glassdoor.com. Curtis C Farmer has an approval rating of 90% among Comerica's employees.

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 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.92%), King Luther Capital Management Corp (1.89%), Geode Capital Management LLC (1.78%), Alliancebernstein L.P. (1.69%), Northern Trust Corp (1.03%) and The Manufacturers Life Insurance Company (0.88%). Company insiders that own Comerica stock include Cassandra M Mckinney, Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Mauricio A Ortiz, Peter William Guilfoile 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 Bank of Nova Scotia, Jupiter Asset Management Ltd., Ergoteles LLC, Principal Financial Group Inc., Russell Investments Group Ltd., Alps Advisors Inc., ARGI Investment Services LLC, and Ensign Peak Advisors Inc. Company insiders that have sold Comerica company stock in the last year include Cassandra M Mckinney, Christine M Moore, James Harry Weber, Jay K Oberg, and Mauricio A Ortiz.
View insider buying and selling activity for Comerica
or view top insider-selling stocks.

Which major investors are buying Comerica stock?

CMA stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., Alliancebernstein L.P., GW&K Investment Management LLC, The Manufacturers Life Insurance Company , JPMorgan Chase & Co., Premier Fund Managers Ltd, and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Comerica
or or view top insider-buying stocks.

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 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 $76.24.

How much money does Comerica make?

Comerica has a market capitalization of $10.64 billion and generates $3.82 billion in revenue each year. The financial services provider earns $1.20 billion in net income (profit) each year or $7.81 on an earnings per share basis.

How many employees does Comerica have?

Comerica employs 7,429 workers across the globe.

When was Comerica founded?

Comerica was founded in 1849.

What is Comerica's official website?

The official website for Comerica is www.comerica.com.

Where are Comerica's headquarters?

Comerica is headquartered at 1717 MAIN STREET MC6404, DALLAS TX, 75201.

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]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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