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.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Phone214-462-6831
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.60 billion
Profitability
Miscellaneous
Employees8,051
Next Earnings Date1/21/2020 (Confirmed)
OptionableOptionable
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 declared a quarterly dividend on Tuesday, November 5th. Shareholders of record on Friday, December 13th will be given a dividend of $0.67 per share on Wednesday, January 1st. This represents a $2.68 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, December 12th. View Comerica's Dividend History.
How will Comerica's stock buyback program work?
Comerica declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 22nd 2019, which authorizes the company to buyback 15,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) issued its earnings results on Wednesday, October, 16th. The financial services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.90 by $0.06. The financial services provider earned $842 million during the quarter, compared to the consensus estimate of $836.10 million. Comerica had a return on equity of 16.82% and a net margin of 32.11%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. View Comerica's Earnings History.
When is Comerica's next earnings date?
How can I listen to Comerica's earnings call?
Comerica will be holding an earnings conference call on Tuesday, January 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.
What price target have analysts set for CMA?
19 Wall Street analysts have issued 1-year price objectives for Comerica's shares. Their forecasts range from $65.00 to $84.00. On average, they anticipate Comerica's share price to reach $72.59 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Comerica.
What is the consensus analysts' recommendation for Comerica?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 7 sell ratings and 12 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Comerica.
Has Comerica been receiving favorable news coverage?
News headlines about CMA stock have been trending extremely negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Comerica earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news 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 stock's share price in the immediate future. View News Stories for Comerica.
Are investors shorting Comerica?
Comerica saw a increase in short interest in December. As of December 13th, there was short interest totalling 3,920,000 shares, an increase of 27.7% from the November 28th total of 3,070,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.8% of the company's stock are short sold. View Comerica's Current Options Chain.
Who are some of Comerica's key competitors?
Some companies that are related to Comerica include Mizuho Financial Group (MFG), BANCO DO BRASIL/S (BDORY), SunTrust Banks (STI), Standard Chartered (SCBFF), KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), DANSKE BK A/S/S (DNKEY), Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), TCF Financial (TCF), BOK Financial (BOKF), Cullen/Frost Bankers (CFR) and Synovus Financial (SNV).
What other stocks do shareholders of Comerica own?
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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.32%), Boston Trust Walden Corp (0.22%), Hexavest Inc. (0.16%), State of Alaska Department of Revenue (0.04%), Johanson Financial Advisors Inc. (0.03%) and Nisa Investment Advisors LLC (0.03%). Company insiders that own Comerica stock include Christine M Moore, Curtis C Farmer, David E Duprey, Hardy Matthew, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile, Ralph W Babb, Jr 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 Cozad Asset Management Inc., Nisa Investment Advisors LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Reilly Financial Advisors LLC, Zeke Capital Advisors LLC, Hexavest Inc. and Steward Partners Investment Advisory LLC. Company insiders that have sold Comerica company stock in the last year include Christine M Moore, Megan D Burkhart, 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 acquired by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Johanson Financial Advisors Inc., Wedge Capital Management L L P NC, DNB Asset Management AS, Alpine Global Management LLC, Assenagon Asset Management S.A., Cerebellum GP LLC and Enterprise Trust & Investment Co. 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 $68.72.
How big of a company is Comerica?
Comerica has a market capitalization of $9.91 billion and generates $3.60 billion in revenue each year. The financial services provider earns $1.24 billion in net income (profit) each year or $7.24 on an earnings per share basis. Comerica employs 8,051 workers across the globe.View Additional Information About Comerica.
What is Comerica's official website?
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)
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.
