Comerica - CMA Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 1 sell rating, 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMA shares.
View CMA analyst ratings or view top-rated stocks.

21 brokerages have issued 12-month target prices for Comerica's shares. Their CMA share price forecasts range from $72.00 to $93.00. On average, they anticipate the company's share price to reach $83.02 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for CMA or view top-rated stocks among Wall Street analysts.

Comerica's stock was trading at $66.85 at the beginning of 2023. Since then, CMA shares have increased by 12.8% and is now trading at $75.39.
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Comerica saw a increase in short interest in December. As of December 30th, there was short interest totaling 2,720,000 shares, an increase of 13.8% from the December 15th total of 2,390,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.1% of the shares of the stock are sold short.
View Comerica's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our CMA earnings forecast.

Comerica Incorporated (NYSE:CMA) issued its quarterly earnings data on Thursday, January, 19th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.02. The financial services provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Comerica had a net margin of 30.72% and a trailing twelve-month return on equity of 20.75%. During the same quarter last year, the firm earned $1.66 EPS.
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Comerica announced a quarterly dividend on Tuesday, November 8th. Investors of record on Thursday, December 15th will be given a dividend of $0.68 per share on Sunday, January 1st. This represents a $2.72 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for CMA.

Comerica (NYSE:CMA) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.66%. The dividend payout ratio is 32.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 28.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

Comerica declared that its Board of Directors has initiated a stock 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

47 employees have rated Comerica Chief Executive Officer Curtis C Farmer on Glassdoor.com. Curtis C Farmer has an approval rating of 90% among the company's employees.

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).

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

Comerica's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.68%), Bank of Montreal Can (0.48%), Wedge Capital Management L L P NC (0.36%), Deroy & Devereaux Private Investment Counsel Inc. (0.18%), GW Henssler & Associates Ltd. (0.17%) and AE Wealth Management LLC (0.17%). Insiders that own company stock include Cassandra M Mckinney, Cassandra M Mckinney, Christine M Moore, Christine M Moore, James Harry Weber, Jay K Oberg, Jay K Oberg, John D Buchanan, Mauricio A Ortiz, Mauricio A Ortiz, Melinda A Chausse, Peter L Sefzik, Reginald M Turner Jr, Wendy Bridges and Ximena G Humrichouse.
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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.
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One share of CMA stock can currently be purchased for approximately $75.39.

Comerica (NYSE:CMA) has a market capitalization of $9.87 billion and generates $3.53 billion in revenue each year. The financial services provider earns $1.15 billion in net income (profit) each year or $8.47 on an earnings per share basis.

The company employs 7,611 workers across the globe.

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The official website for the company 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.