NYSE:CMAComerica Stock Price, Forecast & News

$36.69

+4.04 (+12.37 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$34.00

Now: $36.69▼

$37.33

50-Day Range

$26.05

MA: $31.87▼

$37.48

52-Week Range

$24.28

Now: $36.69▼

$74.11

Volume324,974 shs

Average Volume2.38 million shs

Market Capitalization$5.10 billion

P/E Ratio6.94

Dividend Yield8.33%

Beta1.83

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.

Beat the Market (BTM) Rank^™

3.9 Analyst's Opinion

Consensus Rating
Comerica has received a consensus rating of Hold. The company's average rating score is 1.78, and is based on 1 buy rating, 16 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.97, Comerica has a potential upside of 25.3% from its current price of $36.69.
Amount of Analyst Coverage
Comerica has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Comerica has received 812 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Comerica has received 1,320 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Comerica has received 61.91% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Comerica is a leading dividend payer. It pays a dividend yield of 8.33%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Comerica has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Comerica is 34.83 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Comerica will have a dividend payout ratio of 73.71 % next year. This indicates that Comerica will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Comerica insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Comerica is held by insiders.
Percentage Held by Institutions
80.77% of the stock of Comerica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Comerica are expected to grow by 223.68% in the coming year, from $1.14 to $3.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Comerica is 6.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Comerica is 6.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.05.
Price to Earnings Growth Ratio
Comerica has a PEG Ratio of 16.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Comerica has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.94 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryDiversified Banks

SectorFinance

Current SymbolNYSE:CMA

Previous Symbol

CUSIP20034010

CIK28412

Webwww.comerica.com

Phone214-462-6831

Debt

Debt-to-Equity Ratio1.00

Current Ratio1.02

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio6.94

Forward P/E Ratio32.18

P/E Growth16.68

Sales & Book Value

Annual Sales$3.82 billion

Price / Sales1.34

Cash Flow$10.16 per share

Price / Cash Flow3.61

Book Value$50.83 per share

Price / Book0.72

Profitability

EPS (Most Recent Fiscal Year)$7.81

Net Income$1.20 billion

Net Margins21.37%

Return on Equity10.77%

Return on Assets1.07%

Miscellaneous

Employees7,948

Outstanding Shares139,040,000

Market Cap$5.10 billion

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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Comerica (NYSE:CMA) Frequently Asked Questions

How has Comerica's stock been impacted by COVID-19 (Coronavirus)?

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CMA stock has decreased by 3.5% and is now trading at $36.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Comerica?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 16 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Comerica.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Comerica.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings data on Tuesday, April, 21st. The financial services provider reported ($0.46) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.95 by $1.41. The financial services provider had revenue of $750 million for the quarter, compared to the consensus estimate of $752.26 million. Comerica had a net margin of 21.37% and a return on equity of 10.77%. During the same quarter in the prior year, the business earned $2.11 EPS. View Comerica's earnings history.

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

Comerica declared a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, June 15th will be given a dividend of $0.68 per share on Wednesday, July 1st. This represents a $2.72 annualized dividend and a yield of 7.41%. The ex-dividend date is Friday, June 12th. View Comerica's dividend history.

How will Comerica's stock buyback program work?

Comerica announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 22nd 2019, which allows the company to repurchase 15,000,000 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 usually a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for CMA?

23 brokers have issued 1-year target prices for Comerica's shares. Their forecasts range from $26.00 to $72.50. On average, they expect Comerica's stock price to reach $45.97 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price. View analysts' price targets for Comerica.

Has Comerica been receiving favorable news coverage?

Media stories about CMA stock have been trending extremely negative on Tuesday, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Comerica earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutComerica.

Are investors shorting Comerica?

Comerica saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,440,000 shares, an increase of 39.8% from the April 30th total of 3,890,000 shares. Based on an average daily trading volume, of 2,990,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 4.0% of the company's shares are sold short. View Comerica's Current Options Chain.

Who are some of Comerica's key competitors?

Some companies that are related to Comerica include Standard Chartered (SCBFF), BANCO DO BRASIL/S (BDORY), Shinhan Financial Group (SHG), KeyCorp (KEY), Regions Financial (RF), DANSKE BK A/S/S (DNKEY), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), Akbank T.A.S. (AKBTY), TCF Financial (TCF), BOK Financial (BOKF), Valley National Bancorp (VLY), Community Bank System (CBU) and Synovus Financial (SNV). View all 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), Bank of America (BAC), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), AT&T (T), Skyworks Solutions (SWKS), General Electric (GE), Applied Materials (AMAT), Honda Motor (HMC) and Mcdonald's (MCD).

Who are Comerica's key executives?

Comerica's management team includes the following people:

Mr. Ralph W. Babb Jr., Exec. Chairman (Age 70)
Mr. Curtis Chatman Farmer, CEO, Pres & Director (Age 56)
Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council

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 retail and institutional investors. Top institutional shareholders include State Street Corp (5.25%), Invesco Ltd. (3.03%), King Luther Capital Management Corp (2.00%), Bank of New York Mellon Corp (1.77%), Geode Capital Management LLC (1.70%) and Ceredex Value Advisors LLC (1.64%). Company insiders that own Comerica stock include Christine M Moore, Hardy Matthew, James Harry Weber, Megan D Burkhart, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, 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 JPMorgan Chase & Co., AQR Capital Management LLC, Alliancebernstein L.P., Invesco Ltd., State Street Corp, Wells Fargo & Company MN, Nuveen Asset Management LLC, and Deutsche Bank AG. Company insiders that have sold Comerica company stock in the last year include James Harry Weber, Peter William Guilfoile, and Reginald M Turner, Jr. View insider buying and selling activity for Comerica.

Which institutional investors are buying Comerica stock?

CMA stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Parametric Portfolio Associates LLC, APG Asset Management N.V., Bank of New York Mellon Corp, MSD Partners L.P., AMF Pensionsforsakring AB, Morgan Stanley, and Russell Investments Group Ltd.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $36.69.

How big of a company is Comerica?

Comerica has a market capitalization of $5.10 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. Comerica employs 7,948 workers across the globe.

What is Comerica's official website?

The official website for Comerica is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff