Comerica Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Comerica stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMA, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Comerica a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Comerica wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Comerica is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Comerica.

Comerica will be holding an earnings conference call on Wednesday, October 20th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Comerica Incorporated (NYSE:CMA) issued its earnings results on Tuesday, July, 20th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.61 by $0.71. The financial services provider had revenue of $749 million for the quarter, compared to analyst estimates of $723.09 million. Comerica had a net margin of 37.02% and a trailing twelve-month return on equity of 14.51%. During the same period in the prior year, the company earned $0.80 EPS.
View Comerica's earnings history.

Comerica's stock was trading at $38.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CMA shares have increased by 94.0% and is now trading at $73.76.
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Comerica announced a quarterly dividend on Tuesday, July 27th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.68 per share on Friday, October 1st. This represents a $2.72 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, September 14th.
View Comerica's dividend history.

Comerica pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.71%. Comerica has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Comerica is 83.18%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Comerica will have a dividend payout ratio of 49.54% next year. This indicates that Comerica will be able to sustain or increase its dividend.
View Comerica's dividend history.

Comerica announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 27th 2021, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

16 brokerages have issued 12 month price objectives for Comerica's stock. Their forecasts range from $60.00 to $90.00. On average, they anticipate Comerica's share price to reach $73.70 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for Comerica or view top-rated stocks among Wall Street analysts.

47 employees have rated Comerica CEO Curtis C Farmer on Glassdoor.com. Curtis C Farmer has an approval rating of 90% among Comerica's employees.

Some companies that are related to Comerica include Mizuho Financial Group (MFG), Huntington Bancshares (HBAN), Svenska Handelsbanken AB (publ) (SVNLY), KeyCorp (KEY), Standard Chartered (SCBFF), Regions Financial (RF), China Minsheng Banking (CMAKY), Shinhan Financial Group (SHG), BANCO DO BRASIL/S (BDORY), Danske Bank A/S (DNKEY), Zions Bancorporation, National Association (ZION), First Horizon (FHN), Cullen/Frost Bankers (CFR), Pinnacle Financial Partners (PNFP) and Synovus Financial (SNV).
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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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.58%), BlackRock Inc. (9.22%), State Street Corp (6.01%), Invesco Ltd. (5.20%), FMR LLC (3.94%) and King Luther Capital Management Corp (1.99%). Company insiders that own Comerica stock include Cassandra M Mckinney, Christine M Moore, Hardy Matthew, James Harry Weber, Jay K Oberg, Mauricio A Ortiz, 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 FMR LLC, Bank of New York Mellon Corp, Panagora Asset Management Inc., MSD Partners L.P., Basswood Capital Management L.L.C., Carlson Capital L P, Allianz Asset Management GmbH, and The Manufacturers Life Insurance Company . Company insiders that have sold Comerica company stock in the last year include Cassandra M Mckinney, Christine M Moore, James Harry Weber, Jay K Oberg, and Mauricio A Ortiz.
View insider buying and selling activity for Comerica or view top insider-selling stocks.

CMA stock was purchased by a variety of institutional investors in the last quarter, including Amundi, Invesco Ltd., Royal Bank of Canada, Vanguard Group Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, and Neuberger Berman Group LLC.
View insider buying and selling activity for Comerica or or view top insider-buying stocks.

Shares of CMA 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 $73.76.

Comerica has a market capitalization of $9.88 billion and generates $3.09 billion in revenue each year. The financial services provider earns $474 million in net income (profit) each year or $3.27 on an earnings per share basis.

Comerica employs 7,870 workers across the globe.

Comerica was founded in 1849.

The official website for Comerica is www.comerica.com.

Comerica is headquartered at 1717 MAIN STREET MC6404, DALLAS TX, 75201.

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]