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 (WHO). Since then, CMA stock has increased by 19.7% and is now trading at $45.52. 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, 15 hold ratings and 2 buy ratings 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) issued its quarterly earnings data on Tuesday, April, 21st. The financial services provider reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by $1.41. The financial services provider had revenue of $750 million for the quarter, compared to the consensus estimate of $752.26 million. Comerica had a return on equity of 10.77% and a net margin of 21.37%. During the same quarter last year, the business posted $2.11 earnings per share. View Comerica's earnings history.

Comerica announced a quarterly dividend on Tuesday, April 28th. Shareholders 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 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Friday, June 12th. View Comerica's dividend history.

Comerica declared that its Board of Directors has approved a share repurchase 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. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

23 brokerages have issued twelve-month price objectives for Comerica's shares. Their forecasts range from $26.00 to $72.50. On average, they expect Comerica's share price to reach $46.76 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View analysts' price targets for Comerica.

Headlines about CMA stock have trended negative recently, according to InfoTrie Sentiment. The research firm ranks 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 positive five, with scores closest to five being the most favorable. Comerica earned a news impact score of -2.8 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact 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 volume of 2,990,000 shares, the days-to-cover 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), KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), DANSKE BK A/S/S (DNKEY), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), TCF Financial (TCF), Cullen/Frost Bankers (CFR), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Valley National Bancorp (VLY), First Horizon National (FHN) 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 investors 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 acquired 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 $45.52.

Comerica has a market capitalization of $6.33 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]