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NYSE:CMA

Comerica - CMA Stock Forecast, Price & News

$78.74
+0.55 (+0.70%)
(As of 08/8/2022 11:45 AM ET)
Add
Compare
Today's Range
$78.39
$79.39
50-Day Range
$71.52
$83.21
52-Week Range
$70.31
$102.09
Volume
13,796 shs
Average Volume
1.39 million shs
Market Capitalization
$10.30 billion
P/E Ratio
11.49
Dividend Yield
3.48%
Price Target
$94.71

Comerica MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
20.6% Upside
$95.45 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.19mentions of Comerica in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.51%
From $8.38 to $10.35 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Finance Sector

137th out of 1,207 stocks

National Commercial Banks Industry

21st out of 102 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.

Comerica Stock Performance

Shares of CMA opened at $78.19 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $76.81 and a two-hundred day moving average price of $84.67. The firm has a market capitalization of $10.23 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.26 and a beta of 1.30. Comerica has a 52 week low of $70.31 and a 52 week high of $102.09.

Comerica (NYSE:CMA - Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.15. Comerica had a return on equity of 13.63% and a net margin of 30.42%. During the same quarter last year, the company posted $2.32 earnings per share. Equities analysts forecast that Comerica will post 8.38 earnings per share for the current fiscal year.

Comerica Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 14th. Comerica's dividend payout ratio (DPR) is currently 39.71%.

Wall Street Analyst Weigh In

CMA has been the topic of a number of recent analyst reports. Raymond James downgraded shares of Comerica from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 21st. StockNews.com raised Comerica from a "sell" rating to a "hold" rating in a research note on Wednesday, July 13th. Royal Bank of Canada decreased their target price on Comerica from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, April 21st. Wolfe Research lowered their target price on Comerica from $124.00 to $85.00 and set an "outperform" rating for the company in a report on Thursday, May 26th. Finally, Wells Fargo & Company cut their price target on Comerica from $82.00 to $77.00 and set an "underweight" rating on the stock in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Comerica presently has an average rating of "Moderate Buy" and a consensus target price of $95.45.

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CMA Stock News Headlines

Citigroup Boosts Comerica (NYSE:CMA) Price Target to $95.00
Comerica (NYSE:CMA) PT Lowered to $90.00 at Piper Sandler
Comerica (NYSE:CMA) PT Raised to $86.00 at Evercore ISI
Wedbush Increases Comerica (NYSE:CMA) Price Target to $94.00
See More Headlines
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CMA Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
7/20/2022
Today
8/08/2022
Ex-Dividend for 10/1 Dividend
9/14/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$95.45
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
17 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
38.71%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$10.01 per share
Book Value
$57.21 per share

Miscellaneous

Free Float
129,826,000
Market Cap
$10.30 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives














CMA Stock - Frequently Asked Questions

Should I buy or sell Comerica stock right now?

17 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 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Comerica stock.
View analyst ratings for Comerica
or view top-rated stocks.

What is Comerica's stock price forecast for 2022?

17 equities research analysts have issued 1 year price targets for Comerica's stock. Their CMA stock forecasts range from $77.00 to $115.00. On average, they predict Comerica's stock price to reach $95.45 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts' price targets for Comerica
or view top-rated stocks among Wall Street analysts.

How has Comerica's stock performed in 2022?

Comerica's stock was trading at $87.00 at the beginning of 2022. Since then, CMA shares have decreased by 10.1% and is now trading at $78.19.
View the best growth stocks for 2022 here
.

Are investors shorting Comerica?

Comerica saw a increase in short interest in July. As of July 15th, there was short interest totaling 2,480,000 shares, an increase of 33.3% from the June 30th total of 1,860,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.9% of the company's stock are short sold.
View Comerica's Short Interest
.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for Comerica
.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings results on Wednesday, July, 20th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.15. Comerica had a net margin of 30.42% and a trailing twelve-month return on equity of 13.63%. During the same period in the previous year, the firm earned $2.32 earnings per share.
Read Comerica's conference call transcript
.

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

Comerica announced a quarterly dividend on Tuesday, July 26th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.68 per share on Saturday, October 1st. This represents a $2.72 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, September 14th.
View Comerica's dividend history
.

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 3.48%. The dividend payout ratio of Comerica is 39.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Comerica will have a dividend payout ratio of 26.28% 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 of Directors has authorized a stock buyback program on Tuesday, April 27th 2021, which permits the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

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.

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 variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.04%), GW Henssler & Associates Ltd. (0.29%), Deroy & Devereaux Private Investment Counsel Inc. (0.17%), AE Wealth Management LLC (0.13%), New York State Teachers Retirement System (0.13%) and Ceredex Value Advisors LLC (0.12%). Company insiders that own Comerica stock include Cassandra M Mckinney, Christine M Moore, Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter William Guilfoile, Reginald M Turner, Jr, Wendy Bridges and Ximena G Humrichouse.
View institutional ownership trends for Comerica
.

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 $78.19.

How much money does Comerica make?

Comerica (NYSE:CMA) has a market capitalization of $10.23 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 $6.85 on an earnings per share basis.

How many employees does Comerica have?

Comerica 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

When was Comerica founded?

Comerica was founded in 1849.

How can I contact Comerica?

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The official website for Comerica 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 8/8/2022 by MarketBeat.com Staff

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