NYSE:CMAComerica Stock Price, Forecast & News

Comerica's stock was trading at $38.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMA stock has decreased by 4.4% and is now trading at $36.35. View which stocks have been most impacted by Coronavirus.

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.

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

Comerica will be holding an earnings conference call on Tuesday, July 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) released its earnings results 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 analysts' expectations of $752.26 million. Comerica had a net margin of 21.37% and a return on equity of 10.77%. During the same period in the previous year, the company posted $2.11 earnings per share. View Comerica's earnings history.

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 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Friday, June 12th. View Comerica's dividend history.

Comerica announced that its Board of Directors has approved a share repurchase plan on Tuesday, January 22nd 2019, which allows the company to repurchase 15,000,000 shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

23 equities research analysts have issued 12-month price targets for Comerica's stock. Their forecasts range from $26.00 to $72.50. On average, they expect Comerica's stock price to reach $45.97 in the next year. This suggests a possible upside of 26.5% from the stock's current price. View analysts' price targets for Comerica.

Headlines about CMA stock have been trending extremely negative recently, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Comerica earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave media 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 effect on the stock's share price in the next several days. View the latest news aboutComerica.

Comerica saw a increase in short interest in 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 short-interest ratio is presently 1.8 days. Approximately 4.0% of the company's stock are short sold. View Comerica's Current Options Chain.

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), 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 Pinnacle Financial Partners (PNFP). View all competitors.

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).

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

Comerica's stock is owned by many different institutional and retail 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.

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.

CMA stock was purchased 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 Morgan Stanley. 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 $36.35.

Comerica has a market capitalization of $5.05 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.

The official website for Comerica is 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]