Comerica Incorporated Company Profile (NYSE:CMA)

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

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.

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.

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.

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

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.

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)

Some companies that are related to Comerica Incorporated include ICICI Bank Limited (IBN), Standard Chartered PLC (STAN), M&T Bank Co. (MTB), KB Financial Group (KB), Shinhan Financial Group Co Ltd (SHG), KeyCorp (KEY), Regions Financial Corporation (RF), Credicorp (BAP), Huntington Bancshares Incorporated (HBAN), Banco De Chile (BCH), Banco Santander-Chile (BSAC), BanColombia S.A. (CIB), SVB Financial Group (SIVB), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY), Grupo Financiero Galicia S.A. (GGAL) and CIT Group Inc (DEL) (CIT).

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

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.

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.

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.

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.

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