Comerica Incorporated Company Profile (NYSE:CMA)

About Comerica Incorporated (NYSE:CMA)

Comerica Incorporated logoComerica Incorporated is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering 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. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment advisory services, investment banking and brokerage services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Diversified Banks
  • Symbol: NYSE:CMA
  • CUSIP: 20034010
  • Web: www.comerica.com
Capitalization:
  • Market Cap: $13.75818 billion
  • Outstanding Shares: 173,643,000
Average Prices:
  • 50 Day Moving Avg: $73.32
  • 200 Day Moving Avg: $71.66
  • 52 Week Range: $49.81 - $79.22
P/E:
  • Trailing P/E Ratio: 17.79
  • Foreward P/E Ratio: 14.54
  • P/E Growth: 0.62
Sales & Book Value:
  • Annual Revenue: $2.97 billion
  • Price / Sales: 4.59
  • Book Value: $46.27 per share
  • Price / Book: 1.70
Dividend:
  • Annual Dividend: $1.20
  • Dividend Yield: 1.5%
Profitability:
  • Net Margins: 24.87%
  • Return on Equity: 10.35%
  • Return on Assets: 1.09%
Debt:
  • Debt-to-Equity Ratio: 0.58%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
Misc:
  • Average Volume: 1.61 million shs.
  • Beta: 1.51
  • Short Ratio: 2.35
 

Frequently Asked Questions for Comerica Incorporated (NYSE:CMA)

What is Comerica Incorporated's stock symbol?

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

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

Comerica Incorporated declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.30 per share on Sunday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Comerica Incorporated's previous quarterly dividend of $0.26. View Comerica Incorporated's Dividend History.

How will Comerica Incorporated's stock buyback program work?

Comerica Incorporated announced that its board has approved a share repurchase program on Wednesday, July 26th 2017, which permits the company to repurchase 5,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

How were Comerica Incorporated's earnings last quarter?

Comerica Incorporated (NYSE:CMA) posted its quarterly earnings results on Tuesday, October, 17th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.23 by $0.03. The company had revenue of $821 million for the quarter, compared to analysts' expectations of $812.83 million. Comerica Incorporated had a net margin of 24.87% and a return on equity of 10.35%. During the same period in the prior year, the company posted $0.84 EPS. View Comerica Incorporated's Earnings History.

When will Comerica Incorporated make its next earnings announcement?

Comerica Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, January, 16th 2018. View Earnings Estimates for Comerica Incorporated.

Where is Comerica Incorporated's stock going? Where will Comerica Incorporated's stock price be in 2017?

22 equities research analysts have issued 12 month price targets for Comerica Incorporated's shares. Their predictions range from $61.00 to $86.00. On average, they expect Comerica Incorporated's stock price to reach $77.47 in the next year. View Analyst Ratings for Comerica Incorporated.

What are analysts saying about Comerica Incorporated stock?

Here are some recent quotes from research analysts about Comerica Incorporated stock:

  • 1. According to Zacks Investment Research, "Shares of Comerica have underperformed the industry year to date. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. However, its exposure to Michigan and California, two challenging economies, remains a headwind. Also, significant exposure to commercial loans keeps us apprehensive. Further, a stretched valuation indicates that the stock has limited upside potential." (9/19/2017)
  • 2. FBR & Co analysts commented, "We reiterate our Market Perform rating and $74 price target, equal to 16.1x our 2018 operating EPS estimate and 1.8x TBV, on Comerica Incorporated following 4Q16 results. This was a good quarter for Comerica with upside from lower expenses as the company's GEAR-Up initiative is starting to bear fruit, but investors were disappointed with CMA's guidance for 2017 loan growth roughly in line with real GDP. Given its markets and improving customer sentiment, the expectation was for more. Still, given expected GEAR-Up cost benefits and rate-induced revenue benefits, we believe CMA can achieve a double-digit ROTCE and sub-60% operating efficiency ratio by year-end. We remain on the sidelines given the muted growth outlook and relative valuation. To reflect lower expenses and the benefit from higher rates, mitigated by slower growth, we raise our 2017 operating EPS estimate to $3.90 (from $3.75) and our 2018 EPS estimate to $4.60 (from $4.45)." (1/17/2017)

Who are some of Comerica Incorporated's key competitors?

Who are Comerica Incorporated's key executives?

Comerica Incorporated's management team includes the folowing people:

  • Ralph W. Babb Jr., Chairman of the Board, Chief Executive Officer
  • Curtis C. Farmer, President
  • David E. Duprey, Chief Financial Officer, Executive Vice President
  • Megan D. Burkhart, Chief Human Resource Officer, Executive Vice President
  • Muneera S. Carr, Executive Vice President, Chief Accounting Officer
  • Paul R. Obermeyer, Executive Vice President, Chief Information Officer
  • Michael H. Michalak, Executive Vice President, Chief Risk Officer
  • John D. Buchanan, Executive Vice President, Chief Legal Officer and Corporate Secretary
  • Peter William Guilfoile, Executive Vice President, Chief Credit Officer
  • Judith S. Love, Executive Vice President

Who owns Comerica Incorporated stock?

Comerica Incorporated's stock is owned by many different of institutional and retail investors. Top institutional investors include Strs Ohio (0.28%), Robeco Institutional Asset Management B.V. (0.09%), Assenagon Asset Management S.A. (0.06%), APG Asset Management N.V. (0.05%), Nationwide Fund Advisors (0.05%) and Mutual of America Capital Management LLC (0.03%). Company insiders that own Comerica Incorporated stock include David E Duprey, De Ven Michael G Van, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile and Ralph W Babb, Jr. View Institutional Ownership Trends for Comerica Incorporated.

Who sold Comerica Incorporated stock? Who is selling Comerica Incorporated stock?

Comerica Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., Nationwide Fund Advisors, Northpointe Capital LLC and State Treasurer State of Michigan. Company insiders that have sold Comerica Incorporated stock in the last year include David E Duprey, Judith S Love, Megan D Burkhart, Michael T Ritchie, Muneera S Carr, Paul R Obermeyer, Peter William Guilfoile and Ralph W Babb, Jr. View Insider Buying and Selling for Comerica Incorporated.

Who bought Comerica Incorporated stock? Who is buying Comerica Incorporated stock?

Comerica Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Strs Ohio, Meeder Asset Management Inc., Shell Asset Management Co., APG Asset Management N.V., Mutual of America Capital Management LLC, FormulaFolio Investments LLC and Oakbrook Investments LLC. View Insider Buying and Selling for Comerica Incorporated.

How do I buy Comerica Incorporated stock?

Shares of Comerica Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Comerica Incorporated's stock price today?

One share of Comerica Incorporated stock can currently be purchased for approximately $78.54.


MarketBeat Community Rating for Comerica Incorporated (NYSE CMA)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  887 (Vote Underperform)
Total Votes:  1,257
MarketBeat's community ratings are surveys of what our community members think about Comerica Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Comerica Incorporated (NYSE:CMA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 13 Hold Ratings, 7 Buy Ratings
Consensus Rating:Hold (Score: 2.23)
Consensus Price Target: $77.47 (1.36% downside)
Consensus Price Target History for Comerica Incorporated (NYSE:CMA)
Price Target History for Comerica Incorporated (NYSE:CMA)
Analysts' Ratings History for Comerica Incorporated (NYSE:CMA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/23/2017NomuraBoost Price TargetNeutral$74.00 -> $86.00N/AView Rating Details
10/20/2017Robert W. BairdReiterated RatingHold$74.00N/AView Rating Details
10/18/2017DA DavidsonReiterated RatingAverage -> Hold$81.00N/AView Rating Details
10/17/2017FBR & CoReiterated RatingBuy -> Buy$79.00 -> $84.00N/AView Rating Details
10/17/2017Piper Jaffray CompaniesReiterated RatingBuyN/AView Rating Details
10/9/2017Citigroup Inc.Reiterated RatingSell$65.00 -> $69.00N/AView Rating Details
10/4/2017Morgan StanleyReiterated RatingEqual Weight$76.00 -> $79.00N/AView Rating Details
10/4/2017SunTrust Banks, Inc.Reiterated RatingHold$80.00N/AView Rating Details
9/30/2017InstinetReiterated RatingNeutral$71.00 -> $74.00LowView Rating Details
9/22/2017Keefe, Bruyette & WoodsReiterated RatingBuy$79.00LowView Rating Details
9/15/2017Jefferies Group LLCReiterated RatingBuy$81.00MediumView Rating Details
9/16/2017Sanford C. BernsteinReiterated RatingMarket Perform$78.00 -> $80.00MediumView Rating Details
9/8/2017Royal Bank Of CanadaReiterated RatingBuy$82.00HighView Rating Details
8/9/2017Wells Fargo & CompanyInitiated CoverageMarket Perform -> Market Perform$73.00HighView Rating Details
7/20/2017BMO Capital MarketsReiterated RatingHold$79.00LowView Rating Details
7/18/2017StephensReiterated RatingBuy$80.00LowView Rating Details
7/12/2017Barclays PLCReiterated RatingUnderweight$72.00 -> $76.00LowView Rating Details
4/19/2017Deutsche Bank AGBoost Price TargetHold$74.00MediumView Rating Details
1/31/2017Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
1/5/2017J P Morgan Chase & CoUpgradeNeutral -> OverweightN/AView Rating Details
12/15/2016Bank of America CorporationUpgradeUnderperform -> NeutralN/AView Rating Details
11/30/2016WedbushBoost Price TargetNeutral$58.00 -> $61.00N/AView Rating Details
9/16/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$52.00N/AView Rating Details
7/20/2016Compass PointBoost Price TargetNeutral -> Neutral$40.00 -> $44.00N/AView Rating Details
7/17/2016Leerink SwannReiterated RatingBuyN/AView Rating Details
7/12/2016Credit Suisse GroupReiterated RatingHold$37.00N/AView Rating Details
6/3/2016Raymond James Financial, Inc.Reiterated RatingOutperformN/AView Rating Details
3/1/2016MacquarieLower Price TargetNeutral$39.00 -> $38.00N/AView Rating Details
2/17/2016Evercore ISILower Price TargetHold$39.00 -> $37.00N/AView Rating Details
1/14/2016Sterne Agee CRTLower Price Target$44.00 -> $41.00N/AView Rating Details
11/17/2015Susquehanna Bancshares IncBoost Price TargetNeutral$49.00 -> $50.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Comerica Incorporated (NYSE:CMA)
Earnings by Quarter for Comerica Incorporated (NYSE:CMA)
Earnings History by Quarter for Comerica Incorporated (NYSE CMA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/15/2018$1.19N/AView Earnings Details
10/17/2017Q3 2017$1.23$1.26$812.83 million$821.00 millionViewN/AView Earnings Details
7/18/2017Q2 2017$1.06$1.13$777.08 million$776.00 millionViewN/AView Earnings Details
4/18/2017Q1 2017$1.01$1.11$735.06 million$741.00 millionViewN/AView Earnings Details
1/17/2017Q416$0.87$0.92$728.90 million$722.00 millionViewListenView Earnings Details
10/18/2016Q316$0.74$0.84$722.64 million$722.00 millionViewListenView Earnings Details
7/19/2016Q216$0.69$0.58$716.95 million$714.00 millionViewListenView Earnings Details
4/19/2016Q116$0.45$0.34$708.21 million$693.00 millionViewListenView Earnings Details
1/19/2016Q415$0.69$0.71$693.23 million$703.00 millionViewListenView Earnings Details
10/16/2015Q315$0.69$0.74$691.87 million$686.00 millionViewListenView Earnings Details
7/17/2015Q215$0.75$0.73$673.25 million$682.00 millionViewListenView Earnings Details
4/17/2015Q115$0.73$0.73$626.93 million$669.00 millionViewListenView Earnings Details
1/16/2015Q414$0.77$0.80$634.20 million$640.00 millionViewListenView Earnings Details
10/17/2014Q314$0.80$0.79$638.50 million$629.00 millionViewListenView Earnings Details
7/15/2014Q214$0.76$0.80$626.35 million$636.00 millionViewListenView Earnings Details
4/15/2014Q114$0.72$0.73$614.03 million$618.00 millionViewListenView Earnings Details
1/17/2014Q413$0.74$0.77$619.10 millionViewListenView Earnings Details
10/16/2013Q313$0.71$0.78$618.37 millionViewListenView Earnings Details
7/16/2013Q2 2013$0.70$0.76$621.67 million$622.00 millionViewListenView Earnings Details
4/16/2013Q1 2013$0.68$0.70$622.14 millionViewListenView Earnings Details
1/16/2013Q4 2012$0.65$0.68$620.47 millionViewListenView Earnings Details
10/17/2012$0.66$0.61ViewN/AView Earnings Details
7/17/2012$0.62$0.73ViewN/AView Earnings Details
4/17/2012$0.56$0.66ViewN/AView Earnings Details
1/20/2012$0.54$0.60ViewN/AView Earnings Details
10/19/2011$0.55$0.51ViewN/AView Earnings Details
7/19/2011$0.53$0.53ViewN/AView Earnings Details
4/19/2011$0.48$0.57ViewN/AView Earnings Details
1/18/2011$0.31$0.53ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Comerica Incorporated (NYSE:CMA)
2017 EPS Consensus Estimate: $4.44
2018 EPS Consensus Estimate: $5.41
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$0.90$1.06$0.97
Q2 20175$0.94$1.12$1.04
Q3 20175$1.02$1.25$1.17
Q4 20175$1.22$1.33$1.25
Q1 20185$1.20$1.34$1.28
Q2 20185$1.30$1.37$1.34
Q3 20185$1.34$1.43$1.38
Q4 20185$1.33$1.46$1.41
Q1 20192$1.36$1.52$1.44
Q2 20192$1.45$1.54$1.50
Q3 20192$1.47$1.60$1.54
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Comerica Incorporated (NYSE:CMA)
Most Recent Dividend:10/1/2017
Annual Dividend:$1.20
Dividend Yield:1.53%
Dividend Growth:9.60% (3 Year Average)
Payout Ratio:27.15% (Trailing 12 Months of Earnings)
24.69% (Based on This Year's Estimates)
22.22% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Comerica Incorporated (NYSE:CMA)

Dividend History by Quarter for Comerica Incorporated (NYSE CMA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/25/2017quarterly$0.301.64%9/14/20179/15/201710/1/2017
4/25/2017quarterly$0.261.45%6/13/20176/15/20177/1/2017
1/24/2017quarterly$0.231.33%3/13/20173/15/20174/1/2017
11/8/2016quarterly$0.231.68%12/13/201612/15/20161/1/2017
7/26/2016quarterly$0.232.02%9/13/20169/15/201610/1/2016
4/26/2016quarterly$0.221.93%6/13/20166/15/20167/1/2016
1/26/2016quarterly$0.212.51%3/11/20163/15/20164/1/2016
11/10/2015quarterly$0.211.81%12/11/201512/15/20151/1/2016
7/28/2015quarterly$0.211.76%9/11/20159/15/201510/1/2015
4/28/2015quarterly$0.211.77%6/11/20156/15/20157/1/2015
1/27/2015quarterly$0.201.94%3/11/20153/13/20154/1/2015
11/11/2014quarterly$0.201.63%12/11/201412/15/20141/1/2015
7/22/2014quarterly$0.201.62%9/11/20149/15/201410/1/2014
4/22/2014quarterly$0.201.62%6/11/20146/13/20147/1/2014
1/21/2014quarterly$0.191.52%3/12/20143/14/20144/1/2014
11/12/2013quarterly$0.171.52%12/11/201312/13/20131/1/2014
7/23/2013quarterly$0.171.59%9/11/20139/13/201310/1/2013
4/23/2013quarterly$0.171.9%6/12/20136/14/20137/1/2013
1/22/2013quarterly$0.172.03%3/13/20133/15/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Comerica Incorporated (NYSE:CMA)
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 82.48%
Insider Trades by Quarter for Comerica Incorporated (NYSE:CMA)
Institutional Ownership by Quarter for Comerica Incorporated (NYSE:CMA)
Insider Trades by Quarter for Comerica Incorporated (NYSE:CMA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/28/2017Peter William GuilfoileInsiderSell2,928$69.50$203,496.00View SEC Filing  
8/23/2017Paul R. ObermeyerInsiderSell20,321$70.24$1,427,347.04View SEC Filing  
8/22/2017Judith S. LoveInsiderSell21,000$69.74$1,464,540.00View SEC Filing  
5/1/2017Ralph W. Babb, Jr.CEOSell83,600$70.94$5,930,584.00View SEC Filing  
1/31/2017David E. DupreyCFOSell59,000$67.82$4,001,380.00View SEC Filing  
1/31/2017Megan D. BurkhartEVPSell28,800$67.58$1,946,304.00View SEC Filing  
1/31/2017Paul R. ObermeyerInsiderSell15,235$67.79$1,032,780.65View SEC Filing  
1/25/2017De Ven Michael G VanDirectorBuy5,000$69.14$345,700.00View SEC Filing  
1/25/2017Muneera S. CarrEVPSell1,368$69.13$94,569.84View SEC Filing  
1/20/2017Judith S. LoveInsiderSell36,900$66.77$2,463,813.00View SEC Filing  
1/20/2017Muneera S. CarrEVPSell1,125$66.82$75,172.50View SEC Filing  
11/23/2016Paul R. ObermeyerInsiderSell198$61.96$12,268.08View SEC Filing  
11/21/2016Megan D. BurkhartEVPSell4,373$60.72$265,528.56View SEC Filing  
11/21/2016Peter William GuilfoileInsiderSell106$60.68$6,432.08View SEC Filing  
11/2/2016Michael T. RitchieInsiderSell2,362$50.90$120,225.80View SEC Filing  
10/21/2016Muneera S. CarrEVPSell1,986$51.07$101,425.02View SEC Filing  
8/25/2016Paul R. ObermeyerInsiderSell2,302$45.92$105,707.84View SEC Filing  
3/3/2015Peter William GuilfoileEVPSell1,200$45.81$54,972.00View SEC Filing  
8/22/2014Jon W BilstromEVPSell3,683$50.56$186,212.48View SEC Filing  
8/22/2014Muneera S CarrCAOSell1,403$50.09$70,276.27View SEC Filing  
8/7/2014Michael T RitchieEVPSell1,873$49.30$92,338.90View SEC Filing  
5/30/2014Jon W BilstromEVPSell2,416$47.70$115,243.20View SEC Filing  
5/28/2014Paul R ObermeyerEVPSell8,057$47.15$379,887.55View SEC Filing  
2/5/2014John KillianEVPSell18,906$44.56$842,451.36View SEC Filing  
1/24/2014J Michael FultonEVPSell7,234$47.52$343,759.68View SEC Filing  
7/23/2013David E DupreyEVPSell7,314$42.51$310,918.14View SEC Filing  
7/18/2013Jon W BilstromEVPSell13,148$42.19$554,714.12View SEC Filing  
5/17/2013Thomas D OgdenEVPSell1,987$39.78$79,042.86View SEC Filing  
10/22/2012Jacqueline P KaneDirectorBuy1,000$29.39$29,390.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Comerica Incorporated (NYSE:CMA)
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Chart

Comerica Incorporated (CMA) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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