Comerica (CMA) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 2 sell ratings, 6 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CMA shares.
View CMA analyst ratings or view top-rated stocks.

19 brokerages have issued 1-year price objectives for Comerica's stock. Their CMA share price forecasts range from $46.00 to $93.00. On average, they anticipate the company's share price to reach $69.23 in the next year. This suggests a possible upside of 94.9% 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 stock has decreased by 46.9% and is now trading at $35.52.
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Comerica saw a decline in short interest in May. As of May 15th, there was short interest totaling 8,040,000 shares, a decline of 6.9% from the April 30th total of 8,640,000 shares. Based on an average daily volume of 5,010,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 6.2% 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, July 19th 2023.
View our CMA earnings forecast.

Comerica Incorporated (NYSE:CMA) released its earnings results on Thursday, April, 20th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.13. The financial services provider had revenue of $1.23 billion for the quarter, compared to analyst estimates of $966.40 million. Comerica had a trailing twelve-month return on equity of 24.34% and a net margin of 30.16%. During the same quarter in the previous year, the business earned $1.37 earnings per share.
Read the conference call transcript.

Comerica declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.71 per share on Saturday, July 1st. This represents a $2.84 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for CMA.

ETFs with the largest weight of Comerica (NYSE:CMA) stock in their portfolio include First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), Invesco KBW Bank ETF (KBWB), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Invesco S&P 500 Equal Weight Financials ETF (RYF) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).

Comerica (NYSE:CMA) pays an annual dividend of $2.84 per share and currently has a dividend yield of 7.28%. CMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMA will have a dividend payout ratio of 36.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMA.

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 BlackRock Inc. (10.11%), State Street Corp (4.89%), First Trust Advisors LP (2.95%), Charles Schwab Investment Management Inc. (2.29%), Geode Capital Management LLC (2.15%) and FMR LLC (1.58%). 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 $35.52.

Comerica (NYSE:CMA) has a market capitalization of $4.68 billion and generates $3.74 billion in revenue each year. The financial services provider earns $1.15 billion in net income (profit) each year or $9.49 on an earnings per share basis.

The company employs 7,649 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.