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Comerica Inc. (CMA)
NYSE:CMA
Holding CMA?
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CMA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.40 - $58.50
Previous Close$57.11
Volume1.14M
Average Volume (3M)2.56M
Market Cap
$7.50B
Enterprise Value$14.61B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.11B
Price to Earnings (P/E)12.5
Beta1.41
Next Earnings
Oct 18, 2024EPS Estimate
$1.12Next Dividend Ex-Date
Sep 13, 2024Dividend Yield5.03%
Share Statistics
EPS (TTM)4.52
Shares Outstanding132,669,896
10 Day Avg. Volume1,440,865
30 Day Avg. Volume2,555,927
Standard Deviation0.13
R-Squared0.27
Alpha-0.00670
Financial Highlights & Ratios
Price to Book (P/B)1.30
Price to Sales (P/S)2.28
Price to Cash Flow (P/CF)16.90
P/FCF Ratio3.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.26
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$55.37Price Target Upside-3.05% Downside
Rating ConsensusHold
Number of Analyst Covering20
Comerica News
Bulls Say, Bears Say
Bulls Say
Capital ManagementReturning capital via share buyback activity makes sense at 1.3x TBV (.8x ex OCI).
EarningsStrong 34c beat on 2Q24 Operating EPS driven by higher fees, lower expenses and $0 provision.
Financial PerformanceFee income saw a strong quarter growing 7% from 1Q24 due to higher fiduciary and capital markets.
Bears Say
Contract LossCMA has received a preliminary notification from the US Treasury that it has not been selected to renew the Direct Express program, which had $3.3 billion in average deposits.
Financial PerformanceThe forecast for average and period-end loans and deposits has been lowered, with net interest income expected to be down 14%.
Regulatory IssuesThe OCC issued a Written Agreement order against a small bank subsidiary of CMA, directing it to improve internal controls, procedures, and documentation, which could weigh on sentiment and valuation.
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Ownership Overview
3.20% Insiders
30.44% Mutual Funds
48.51% Other Institutional Investors
17.85% 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 $37.40 and its highest was $58.50 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 Oct 18, 2024 which is in 48 days.
How were Comerica Inc.’s earnings last quarter?
Comerica Inc. released its earnings results on Jul 19, 2024. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.192 by $0.298.
Is Comerica Inc. overvalued?
According to Wall Street analysts Comerica Inc.’s price is currently Overvalued.
Does Comerica Inc. pay dividends?
Comerica Inc. pays a Quarterly dividend of $0.71 which represents an annual dividend yield of 5.03%. See more information on Comerica Inc. dividends here
What is Comerica Inc.’s EPS estimate?
Comerica Inc.’s EPS estimate is $1.12.
How many shares outstanding does Comerica Inc. have?
Comerica Inc. has 132,669,890 shares outstanding.
What happened to Comerica Inc.’s price movement after its last earnings report?
Comerica Inc. reported an EPS of $1.49 in its last earnings report, beating expectations of $1.192. Following the earnings report the stock price went down -10.492%.
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 66M.
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Comerica Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$55.37 (-3.05% Downside)
$55.37 (-3.05% Downside)
Blogger Sentiment
Neutral
CMA Sentiment 54%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 608.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $146.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.1%
Last 30 Days ▼ 3.7%
Last 30 Days ▼ 3.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.15%
12-Months-Change
Fundamentals
Return on Equity
10.63%
Trailing 12-Months
Asset Growth
-12.30%
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
Q2 2024
0:00 / 0:00
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CMA Stock 12 Month Forecast
Average Price Target
$55.37
▼(-3.05% Downside)
Technical Analysis
Best Analysts Covering CMA
1 Year
1 Year Success Rate
19/26 ratings generated profit
1 Year Average Return
+11.08%
reiterated a buy rating 3 months ago
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