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Comerica Inc. (CMA)
NYSE:CMA
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CMA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.32 - $73.45
Previous Close$62.56
Volume816.02K
Average Volume (3M)2.26M
Market Cap
$8.23B
Enterprise Value$15.01B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$6.79B
Price to Earnings (P/E)15.6
Beta1.71
Next Earnings
Jan 22, 2025EPS Estimate
$1.28Last Dividend Ex-Date
Dec 13, 2024Dividend Yield4.55%
Share Statistics
EPS (TTM)4.00
Shares Outstanding131,514,178
10 Day Avg. Volume4,320,671
30 Day Avg. Volume2,257,911
Standard Deviation0.12
R-Squared0.27
Alpha-0.00207
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.18
Price to Sales (P/S)2.58
Price to Cash Flow (P/CF)2.00
P/FCF Ratio1.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.53
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$71.50Price Target Upside15.75% Upside
Rating ConsensusHold
Number of Analyst Covering18
Comerica News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCMA reported a strong quarter provided a positive NII guidance update for 2024 and favorable 2025 commentary.
Market PositionCMA operates in attractive markets, has a lot of capital, and has lower relative levels of credit risk compared to most of its peers.
Strategic PositioningThe balance sheet is positioned to benefit from lower rates.
Bears Say
Interest Rate ImpactImpact of 200bp worth of rate cuts on loan yields will likely offset the combined benefit from swaps, reinvestment of low-rate securities, BSBY cessation, and deposit re-pricing.
Legal RisksThere is a CFPB lawsuit regarding the Direct Express Government Program.
Loan GrowthLoan growth was weaker than expected, driven by muted demand.
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Ownership Overview
0.80% Insiders
22.17% Mutual Funds
21.42% Other Institutional Investors
28.32% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CMA FAQ
What was Comerica Inc.’s price range in the past 12 months?
Comerica Inc. lowest stock price was $45.32 and its highest was $73.45 in the past 12 months.
What is Comerica Inc.’s market cap?
Currently, no data Available
When is Comerica Inc.’s upcoming earnings report date?
Comerica Inc.’s upcoming earnings report date is Jan 22, 2025 which is in 25 days.
How were Comerica Inc.’s earnings last quarter?
Comerica Inc. released its earnings results on Oct 18, 2024. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.166 by $0.164.
Is Comerica Inc. overvalued?
According to Wall Street analysts Comerica Inc.’s price is currently Undervalued.
Does Comerica Inc. pay dividends?
Comerica Inc. pays a Quarterly dividend of $0.709 which represents an annual dividend yield of 4.55%. See more information on Comerica Inc. dividends here
What is Comerica Inc.’s EPS estimate?
Comerica Inc.’s EPS estimate is $1.28.
How many shares outstanding does Comerica Inc. have?
Comerica Inc. has 131,514,180 shares outstanding.
What happened to Comerica Inc.’s price movement after its last earnings report?
Comerica Inc. reported an EPS of $1.33 in its last earnings report, beating expectations of $1.166. Following the earnings report the stock price went up 3.679%.
Which hedge fund is a major shareholder of Comerica Inc.?
Among the largest hedge funds holding Comerica Inc.’s share is Moore Capital Management LP. It holds Comerica Inc.’s shares valued at 36M.
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Comerica Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$71.50 (15.75% Upside)
$71.50 (15.75% Upside)
Blogger Sentiment
Neutral
CMA Sentiment 55%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 2.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $603.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 2.3%
Last 30 Days ▼ 2.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.09%
12-Months-Change
Fundamentals
Return on Equity
9.05%
Trailing 12-Months
Asset Growth
-7.05%
Trailing 12-Months
Company Description
Comerica Inc.
Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Business Bank, Retail Bank, Wealth Management, Finance, and Other. The Business Bank segment involves in the middle market businesses, multinational corporations, and governmental entities by offering various products and services such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication. The Retail Bank segment includes small business banking and personal financial services, which consist of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment comprises corporation's securities portfolio and asset and liability management activities. The Other category consists of income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.
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CMA Company Deck
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CMA Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted several positive developments, including exceeding earnings expectations, improved tangible book value, and strong credit quality. Deposit growth and a well-managed capital position also contributed positively. However, challenges remain with loan demand pressure, a decline in noninterest income, and specific issues in corporate banking and commercial real estate. Overall, positive momentum is expected moving into the end of the year and into 2025, but caution is advised due to macroeconomic uncertainties.Read More>---
CMA Stock 12 Month Forecast
Average Price Target
$71.50
▲(15.75% Upside)
Technical Analysis
Zions Bancorporation National Association
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Fifth Third Bancorp
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Regions Financial
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First Horizon
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Best Analysts Covering CMA
1 Year
1 Year Success Rate
20/27 ratings generated profit
1 Year Average Return
+15.28%
reiterated a buy rating 2 months ago
Copying Terry McEvoy's trades and holding each position for 1 Year would result in 74.07% of your transactions generating a profit, with an average return of +15.28% per trade.
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