Comerica Incorporated (CMA)
| Market Cap | 8.04B |
| Revenue (ttm) | 3.16B |
| Net Income (ttm) | 535.00M |
| Shares Out | 131.51M |
| EPS (ttm) | 4.01 |
| PE Ratio | 15.27 |
| Forward PE | 11.70 |
| Dividend | $2.84 (4.64%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 2,324,098 |
| Open | 59.40 |
| Previous Close | 60.01 |
| Day's Range | 59.11 - 61.63 |
| 52-Week Range | 45.32 - 73.45 |
| Beta | 1.25 |
| Analysts | Hold |
| Price Target | 67.57 (+10.48%) |
| 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 2023, Comerica's revenue was $3.50 billion, an increase of 0.83% compared to the previous year's $3.47 billion. Earnings were $854.00 million, a decrease of -23.89%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for CMA stock is "Hold." The 12-month stock price forecast is $67.57, which is an increase of 10.48% from the latest price.
News
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...
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...
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...
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...
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...
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...
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...
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 ...
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.
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...
Comerica Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Comerica CMA reported better-than-expected earnings for its third quarter on Friday.
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 ...
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'...
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 ...
Comerica Passes Through 5% Yield Mark
In trading on Wednesday, shares of Comerica, were yielding above the 5% mark based on its quarterly dividend (annualized to $2.84), with the stock changing hands as low as $55.54 on the day. Dividends...
Comerica and Detroit Lions Partnership Gains More Than Just First Downs for Local Community
Collaboration to support nine nonprofit organizations transforming the community DETROIT , Sept. 5, 2024 /PRNewswire/ -- Comerica Bank and the Detroit Lions are teaming up for the eighth consecutive y...
This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Comerica: One Of The Banks To Own In Falling Interest Rate Environment
Falling interest rates to alleviate pressure on deposit outflows. Comerica expects net interest income to gain 2% from 200bps Fed rate cut. Loss of Fiscal Service deposits worth $3.3bn to present bigg...
Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2024 Earnings
DALLAS , Aug. 27, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 Barclays Global Financial Services Conference on Tuesday, Sept. 10, 2024. Comerica In...
Comerica Bank Officially Opens Great Lakes Campus, Bank's Largest Corporate Office
Great Lakes Campus, located in Farmington Hills, reflects the company's proud history and bold vision for the future while furthering its commitment to Southeast Michigan DETROIT , Aug. 21, 2024 /PRNe...
16 stocks to exploit August's explosive election-year gains
U.S. stocks typically do especially well during August in presidential election years like this one. On average since its inception in 1896, the Dow Jones Industrial Average DJIA has gained 2.8% in Au...
Belle Isle Aquarium to expand hours of operation for the month of August thanks to Comerica Bank
Assistance from Comerica will help provide free access to the aquarium every Thursday in August, and help support preservation and restoration of the park DETROIT , July 30, 2024 /PRNewswire/ -- The B...