Comerica (CMA) Stock Price, News & Analysis

Company Overview

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $59.11 to $61.65
• 50-Day Range: $60.01 to $72.79
• 52-Week Range: $45.32 to $73.45
• Volume: 24.81 million shs
• Average Volume: 2.21 million shs
• Market Capitalization: $8.04 billion
• P/E Ratio: 15.29
• Dividend Yield: 4.64%
• Price Target: $67.68
• Consensus Rating: Hold

Comerica Stock Analysis - MarketRank™

Comerica scored higher than 95% of companies evaluated by MarketBeat, and ranked 69th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Comerica has received a consensus rating of Hold. The company's average rating score is 2.26, and is based on 9 buy ratings, 11 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Comerica has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 0.74%

Earnings Growth

Earnings for Comerica are expected to grow by 0.74% in the coming year, from $5.37 to $5.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Comerica is 15.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Comerica is 15.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.86.

Price to Book Value per Share Ratio

Comerica has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.87% of the float of Comerica has been sold short.

Short Interest Ratio / Days to Cover

Comerica has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Comerica has recently increased by 9.80%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Comerica is a leading dividend payer. It pays a dividend yield of 4.27%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Comerica does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Comerica is 71.00%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Comerica will have a dividend payout ratio of 52.50% next year. This indicates that Comerica will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.35

Percentage of Shares Shorted

3.87% of the float of Comerica has been sold short.

Short Interest Ratio / Days to Cover

Comerica has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Comerica has recently increased by 9.80%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Comerica has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Comerica this week, compared to 12 articles on an average week.

Search Interest

10 people have searched for CMA on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Comerica to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Comerica insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $977,287.00 in company stock.

Percentage Held by Insiders

Only 0.19% of the stock of Comerica is held by insiders.

Percentage Held by Institutions

80.74% of the stock of Comerica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CMA Stock Analysis - Frequently Asked Questions

How have CMA shares performed this year?

Comerica's stock was trading at $55.81 at the beginning of 2024. Since then, CMA stock has increased by 9.6% and is now trading at $61.16.
View the best growth stocks for 2024 here.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) announced its quarterly earnings data on Friday, October, 18th. The financial services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.16. The financial services provider had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $806.49 million. Comerica had a trailing twelve-month return on equity of 12.54% and a net margin of 11.17%.
Read the conference call transcript.

Is Comerica buying back stock?

Comerica's board initiated a stock buyback plan on Tuesday, November 5th 2024, which allows the company to buy back 10,000,000 outstanding shares, according to EventVestor. This allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Does Comerica have any subsidiaries?

Comerica subsidiaries include these companies: Sterling Bancshares, Imperial Bancorp, B&G Tax Equity Partnership LLC, Briel Farm Solar LLC, Cass & Co., Comerica Assurance Ltd., Comerica Bank, and others.

Who are Comerica's major shareholders?

Comerica's top institutional shareholders include State Street Corp (3.79%), Charles Schwab Investment Management Inc. (3.27%), Vaughan Nelson Investment Management L.P. (1.83%) and Azora Capital LP (1.70%). Insiders that own company stock include Peter L Sefzik, Christine M Moore, Wendy Bridges, Bruce Mitchell, James Harry Weber, Allysun C Fleming, Cassandra M Mckinney and Reginald M Turner Jr.
View institutional ownership trends.

How do I buy shares of Comerica?

Shares of CMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Comerica own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Comerica investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), TotalEnergies (TTE), Waste Connections (WCN), Voyager Therapeutics (VYGR) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/18/2024
• Ex-Dividend for 1/1 Dividend: 12/13/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/01/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Diversified Banks
• Current Symbol: NYSE:CMA
• CUSIP: 20034010
• CIK: 28412
• Web: www.comerica.com
• Phone: (214) 462-6831
• Fax: 302-424-4866
• Employees: 7,863
• Year Founded: 1849

Price Target and Rating

• Average Stock Price Target: $67.68
• High Stock Price Target: $85.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +10.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.26
• Research Coverage: 23 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.00
• Trailing P/E Ratio: 15.29
• Forward P/E Ratio: 11.39
• P/E Growth: N/A
• Net Income: $881 million
• Net Margins: 11.17%
• Pretax Margin: 14.39%
• Return on Equity: 12.54%
• Return on Assets: 0.94%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $3.20 billion
• Price / Sales: 2.51
• Cash Flow: $7.88 per share
• Price / Cash Flow: 7.76
• Book Value: $45.59 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 131,514,000
• Free Float: 131,264,000
• Market Cap: $8.04 billion
• Optionable: Optionable
• Beta: 1.23