NYSE:CMAComerica Stock Price, Forecast & News

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. Since then, CMA stock has decreased by 13.5% and is now trading at $32.8850. View which stocks have been mosted impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 5 sell ratings, 15 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Comerica.

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for Comerica.

Comerica will be holding an earnings conference call on Tuesday, April 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Comerica Incorporated (NYSE:CMA) posted its earnings results on Tuesday, January, 21st. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.74 by $0.11. The financial services provider had revenue of $810 million for the quarter, compared to the consensus estimate of $801.73 million. Comerica had a net margin of 31.33% and a return on equity of 16.20%. During the same period in the previous year, the firm earned $1.88 EPS. View Comerica's earnings history.

Comerica declared a quarterly dividend on Tuesday, January 28th. Shareholders 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 yield of 8.27%. 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.

Comerica declared that its board has authorized a share repurchase program on Tuesday, January 22nd 2019, which permits the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

21 equities research analysts have issued 1-year price targets for Comerica's shares. Their forecasts range from $28.00 to $84.00. On average, they anticipate Comerica's share price to reach $56.19 in the next twelve months. This suggests a possible upside of 70.9% from the stock's current price. View analysts' price targets for Comerica.

Media stories about CMA stock have trended very negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Comerica earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutComerica.

Comerica saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,231,600 shares, an increase of 78.0% from the February 27th total of 3,500,000 shares. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.5% of the shares of the stock are short sold. View Comerica's Current Options Chain.

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Shinhan Financial Group (SHG), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), TCF Financial (TCF), Cullen/Frost Bankers (CFR), Community Bank System (CBU), BOK Financial (BOKF), Pinnacle Financial Partners (PNFP), Valley National Bancorp (VLY) and Synovus Financial (SNV).

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), JPMorgan Chase & Co. (JPM), Albemarle (ALB), General Electric (GE), Home Depot (HD) and Honda Motor (HMC).

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

Comerica's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%) and Enterprise Trust & Investment Co (0.02%). 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.

CMA stock was acquired by a variety of institutional investors in the last quarter, including Enterprise Trust & Investment Co, and State of Alaska Department of Revenue. View insider buying and selling activity for 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.

One share of CMA stock can currently be purchased for approximately $32.89.

Comerica has a market capitalization of $4.62 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.

The official website for Comerica is http://www.comerica.com/.

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]