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NYSE:CMA - Comerica Stock Price, Forecast & News

$53.21
-2.53 (-4.54 %)
(As of 02/28/2020 06:00 AM ET)
Today's Range
$52.95
Now: $53.21
$55.68
50-Day Range
$53.21
MA: $63.80
$69.83
52-Week Range
$52.95
Now: $53.21
$88.35
Volume2.36 million shs
Average Volume1.72 million shs
Market Capitalization$7.52 billion
P/E Ratio6.77
Dividend Yield4.81%
Beta1.55
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. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP20034010
Phone214-462-6831

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.82 billion
Cash Flow$8.62 per share
Book Value$51.84 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees7,948
Market Cap$7.52 billion
Next Earnings Date4/21/2020 (Estimated)
OptionableOptionable

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Comerica (NYSE:CMA) Frequently Asked Questions

What is Comerica's stock symbol?

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

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

Comerica announced a quarterly dividend on Tuesday, January 28th. Stockholders of record on Friday, March 13th will be given a dividend of $0.68 per share on Wednesday, April 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase from Comerica's previous quarterly dividend of $0.67. View Comerica's Dividend History.

How will Comerica's stock buyback program work?

Comerica announced that its board has initiated a share repurchase plan on Tuesday, January 22nd 2019, which authorizes the company to buyback 15,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.11. The financial services provider earned $810 million during the quarter, compared to analysts' expectations of $801.73 million. Comerica had a return on equity of 16.20% and a net margin of 31.33%. During the same period last year, the company posted $1.88 earnings per share. View Comerica's Earnings History.

When is Comerica's next earnings date?

Comerica is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Comerica.

What price target have analysts set for CMA?

20 brokerages have issued 1-year target prices for Comerica's shares. Their forecasts range from $65.00 to $84.00. On average, they expect Comerica's stock price to reach $71.85 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View Analyst Price Targets for Comerica.

What is the consensus analysts' recommendation for Comerica?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 13 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.

Has Comerica been receiving favorable news coverage?

Media coverage about CMA stock has been trending negative on Friday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring 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 nearest to five being the most favorable. Comerica earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Comerica.

Are investors shorting Comerica?

Comerica saw a decrease in short interest in January. As of January 31st, there was short interest totalling 3,660,000 shares, a decrease of 8.5% from the January 15th total of 4,000,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is presently 2.6 days. Approximately 2.6% of the shares of the stock are sold short. View Comerica's Current Options Chain.

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 Alibaba Group (BABA), NVIDIA (NVDA), Bank of America (BAC), AT&T (T), Skyworks Solutions (SWKS), Albemarle (ALB), General Electric (GE), Honda Motor (HMC), JPMorgan Chase & Co. (JPM) and Home Depot (HD).

Who are Comerica's key executives?

Comerica's management team includes the folowing 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

Who are Comerica's major shareholders?

Comerica's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (5.34%), King Luther Capital Management Corp (2.05%), Geode Capital Management LLC (1.62%), AQR Capital Management LLC (1.51%), Alliancebernstein L.P. (1.48%) and Bank of New York Mellon Corp (1.26%). 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 major investors are selling Comerica stock?

CMA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Janus Henderson Group PLC, Acadian Asset Management LLC, Cubist Systematic Strategies LLC, UBS Group AG, State Street Corp, FMR LLC and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, James Harry Weber, Paul R Obermeyer, Peter William Guilfoile and Reginald M Turner, Jr. View Insider Buying and Selling for Comerica.

Which major investors are buying Comerica stock?

CMA stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, Todd Asset Management LLC, AJO LP, Panagora Asset Management Inc., Massachusetts Financial Services Co. MA and First Trust Advisors LP. View Insider Buying and Selling 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 $53.21.

How big of a company is Comerica?

Comerica has a market capitalization of $7.52 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.View Additional Information About Comerica.

What is Comerica's official website?

The official website for Comerica is http://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]


MarketBeat Community Rating for Comerica (NYSE CMA)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  782 (Vote Outperform)
Underperform Votes:  1,265 (Vote Underperform)
Total Votes:  2,047
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.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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