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Comerica Incorporated (CMA)

Stock Price: $40.02 USD 1.89 (4.96%)
Updated Aug 7, 2020 4:03 PM EDT - Market closed
After-hours: $39.98 -0.04 (-0.10%) Aug 7, 7:13 PM

Stock Price Chart

Key Info

Market Cap 5.56B
Revenue (ttm) 2.53B
Net Income (ttm) 609.00M
Shares Out 139.04M
EPS (ttm) 4.20
PE Ratio 9.53
Forward PE 21.41
Dividend $2.72
Dividend Yield 6.80%

Stock Quote

Trading Day Aug 7, 2020
Last Price $40.02
Previous Close $38.13
Change ($) 1.89
Change (%) 4.96%
Day's Open 37.73
Day's Range 37.31 - 40.11
Day's Volume 1,310,511
52-Week Range 24.28 - 73.43

More Stats

Market Cap 5.56B
Enterprise Value n/a
Earnings Date (est) Oct 20, 2020
Ex-Dividend Date Jun 12, 2020
Shares Outstanding 139.04M
Float 137.64M
EPS (basic) 4.2
EPS (diluted) 4.20
FCF / Share 9.52
Dividend $2.72
Dividend Yield 6.80%
Earnings Yield 10.49%
FCF Yield 23.78%
Payout Ratio 64.30%
Shares Short 5.78M
Short Ratio 2.79
Short % of Float 4.78%
Beta 1.84
PE Ratio 9.53
Forward PE 21.41
P/FCF Ratio 4.21
PS Ratio 2.20
PB Ratio 0.72
Revenue 2.53B
Operating Income 777.00M
Net Income 609.00M
Free Cash Flow 1.32B
Net Cash 6.04B
Net Cash / Share 43.43
Gross Margin 129.55%
Operating Margin 30.74%
Profit Margin 23.90%
FCF Margin 52.33%
ROA 0.78%
ROE 8.05%
ROIC 1.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (26)

Buy 3
Overweight 2
Hold 15
Underweight 1
Sell 5

Analyst Consensus: Hold

Price Target

$40.40*
(0.95% upside)
Low
34.0
Current: $40.02
High
50.0
Target: 40.40
*Average 12-month price target from 23 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue3,2753,3293,0942,6002,5772,4852,5082,5192,3011,957
Revenue Growth-1.62%7.6%19%0.89%3.7%-0.92%-0.44%9.47%17.58%-
Gross Profit3,2753,3293,0942,6002,5772,4852,5082,5192,3011,957
Operating Income1,5321,5351,234670750838785762530315
Net Income1,1981,235743477521593541521393277
Shares Outstanding144162174172177180183190199176
Earnings Per Share7.877.204.142.682.843.162.852.672.090.88
EPS Growth9.31%73.91%54.48%-5.63%-10.13%10.88%6.74%27.75%137.5%-
Dividend Per Share2.681.841.090.890.830.790.680.550.400.25
Dividend Growth45.65%68.81%22.47%7.23%5.06%16.18%23.64%37.5%60%-
Operating Cash Flow1,0901,6161,0854868656398366927961,286
Capital Expenditures-86.00-90.00-69.00-95.00-119-70.00-102-75.00-121-
Free Cash Flow1,0041,5261,0163917465697346176751,286
Cash & Equivalents5,8184,5615,8457,2186,1476,0716,4514,5343,5562,083
Total Debt7,3406,5074,6325,1853,0812,7913,7964,8305,0146,268
Net Cash / Debt-1,522-1,9461,2132,0333,0663,2802,655-296-1,458-4,185
Assets73,40270,81871,56772,97871,87769,18665,22465,06961,00853,667
Liabilities66,07563,31163,60465,18264,31761,78458,07458,12754,14047,874
Book Value7,3277,5077,9637,7967,5607,4027,1506,9426,8685,793
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Comerica Incorporated
Country United States
Employees 7,777
CEO Curtis Chatman Farmer

Stock Information

Ticker Symbol CMA
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: CMA

Description

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, 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. It also offers 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 provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona and Florida, as well as in 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.