Comerica Incorporated (CMA)
Market Cap | 8.79B |
Revenue (ttm) | 3.20B |
Net Income (ttm) | 671.00M |
Shares Out | 131.41M |
EPS (ttm) | 5.02 |
PE Ratio | 13.35 |
Forward PE | 12.90 |
Dividend | $2.84 (4.24%) |
Ex-Dividend Date | Dec 13, 2024 |
Volume | 47,907 |
Open | 68.00 |
Previous Close | 67.01 |
Day's Range | 66.70 - 67.81 |
52-Week Range | 45.32 - 73.45 |
Beta | 1.27 |
Analysts | Hold |
Price Target | 67.33 (+0.66%) |
Earnings Date | Jan 22, 2025 |
About CMA
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 busines... [Read more]
Financial Performance
In 2024, Comerica's revenue was $3.20 billion, a decrease of -8.79% compared to the previous year's $3.50 billion. Earnings were $671.00 million, a decrease of -21.43%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for CMA stock is "Hold." The 12-month stock price forecast is $67.33, which is an increase of 0.66% from the latest price.
News
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Comerica Bank Names Troy Norris Arizona Market President
PHOENIX , Feb. 18, 2025 /PRNewswire/ -- Comerica Bank announced today Troy Norris has been named its Arizona Market President. Norris will also serve as the Group Manager for Business Banking and Midd...
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Comerica to Participate in 2025 RBC Capital Markets Global Financial Institutions Conference; Announces Details for Conference Call to Review First Quarter 2025 Earnings
DALLAS , Feb. 14, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2025 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 5, 2...
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Comerica Bank to Celebrate 10 Years of Making Teens' Prom Dreams Come True
DALLAS , Jan. 29, 2025 /PRNewswire/ -- Comerica Bank will host its 10th annual North Texas Prom Dress Drive, during the month of February at seven participating banking centers. Donations will benefit...
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Comerica: Deposit Pressures Reflected After A Mixed Q4 (Rating Upgrade)
Comerica's shares have been mixed, gaining 15% but lagging due to declining deposits and loss of a government contract, leading to a "hold" rating. Q4 results showed weak deposit growth but impressive...
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Comerica Incorporated (CMA) Q4 2024 Earnings Call Transcript
Comerica Incorporated (NYSE:CMA) Q4 2024 Earnings Conference Call January 22, 2025 8:00 AM ET Company Participants Kelly Gage - Director, IR Curt Farmer - President, Chairman & CEO Jim Herzog - CFO P...
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Comerica Reports Fourth Quarter and Full-Year 2024 Earnings Results
DALLAS , Jan. 22, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 2024 financial results. The results are available on the Investor Relations secti...
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Comerica Stock Investors Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - NYSE: CMA
PHILADELPHIA, PA / ACCESS Newswire / January 16, 2025 / Kehoe Law Firm, P.C. is investigating whether certain executive officers or board members of Comerica Inc. (NYSE:CMA) failed to manage Comerica ...
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Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...
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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal A...
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CFPB sues Comerica Bank for failing to administer federal benefits program
The Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the bank of failing to administer a federal benefits program that uses prepaid debit cards. The law...
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U.S. Sues Comerica Bank Over Treatment of Federal Benefits Users
The CFPB accused the Comerica banking subsidiary of deliberately hanging up on millions of Direct Express cardholders' customer service calls, impeding them from exercising their legal rights, chargin...
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CFPB sues Comerica Bank over allegations of failing disabled and older Americans
Regional lender Comerica Bank faces allegations it systematically mistreated millions of mostly disabled and elder customers and could pay penalties under new civil enforcement action, the U.S. watchd...
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Comerica Bank to Kick Off Detroit Lions "Double The Impact" My Cause My Cleats Campaign with First $17,500 Donation
Detroit Lions to match campaign donations to Alternatives For Girls up to $100,000 Comerica supporting Alternatives For Girls in recognition of the bank's 175th Anniversary and its Commitment to the C...
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Comerica to Participate in Goldman Sachs 2024 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2024 Earnings
DALLAS , Nov. 25, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2024 US Financial Services Conference on Tuesday, Dec. 10, 2024. Comerica In...
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Comerica Bank Statement on Direct Express Program Transition
DALLAS , Nov. 21, 2024 /PRNewswire/ -- Comerica Bank has issued the following statement regarding today's announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent ...
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Comerica Declares Dividends and Announces Increase in Share Repurchase Authorization
DALLAS , Nov. 5, 2024 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is pay...
Final Trades: Comerica, Amazon, Disney, Leidos Holdings and Dupont
The Investment Committee give you their top stocks to watch for the second half.
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Comerica BusinessHQ™ Earns National Recognition for Contribution to Dallas' Southern Sector
DALLAS , Oct. 22, 2024 /PRNewswire/ -- The American Bankers Association (ABA) recognized Comerica Bank for its impact in supporting Southern Dallas small businesses and nonprofits through Comerica Bus...
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Comerica Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Comerica CMA reported better-than-expected earnings for its third quarter on Friday.
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Comerica Incorporated (CMA) Q3 2024 Earnings Call Transcript
Comerica Incorporated (NYSE:CMA) Q3 2024 Earnings Conference Call October 18, 2024 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curt Farmer - President, Chairman & Chief ...
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Comerica Reports Third Quarter 2024 Earnings Results
DALLAS , Oct. 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2024 financial results. The results are available on the Investor Relations section of Comerica'...
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Comerica Bank and Grand Rapids Griffins Teaming Up Again to Benefit Kids' Food Basket
Community members can help nourish children and earn tickets for Griffins 2024-25 home games DETROIT, Sept. 24, 2024 /PRNewswire/ -- Comerica Bank and the Grand Rapids Griffins are teaming up again t...
Why regional banks are set to benefit from easing interest rates
Christopher McGratty, head of US bank research at KBW, a Stifel Company, joins Market Domination to discuss how the Federal Reserve's rate easing cycle will impact regional banks and lays out some of ...