Comerica Incorporated (CMA)
Market Cap | 7.18B |
Revenue (ttm) | 3.50B |
Net Income (ttm) | 854.00M |
Shares Out | 132.49M |
EPS (ttm) | 6.44 |
PE Ratio | 8.42 |
Forward PE | 10.12 |
Dividend | $2.84 (5.24%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 1,717,040 |
Open | 52.43 |
Previous Close | 52.00 |
Day's Range | 52.43 - 54.26 |
52-Week Range | 28.40 - 57.39 |
Beta | 1.27 |
Analysts | Buy |
Price Target | 56.21 (+3.65%) |
Earnings Date | Apr 18, 2024 |
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 20 analysts, the average rating for CMA stock is "Buy." The 12-month stock price forecast is $56.21, which is an increase of 3.65% from the latest price.
News
Comerica Bank Earns 2024 Top Workplaces USA Award by Energage
DALLAS , March 21, 2024 /PRNewswire/ -- Comerica Bank has earned a 2024 Top Workplaces USA award issued by Energage and published by USA Today. The Top Workplaces award has a 15-year history of survey...
Comerica Bank Names Larry Franco Executive Vice President, National Director of Retail Banking & Operations
DALLAS, March 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Larry Franco has been named Executive Vice President, National Director of Retail Banking & Operations. He will ...
Comerica Bank Appoints Tim Maiden as Group Manager of Southern Dallas Business Banking Team
DALLAS , March 14, 2024 /PRNewswire/ -- Comerica Bank named Tim Maiden Senior Vice President, Group Manager for its Southern Dallas Business Banking Team. He will report to Corey Bailey, Executive Vic...
Comerica Bank Reveals Largest, State-of-the-Art Comerica CoWorkSpaces™ at The Star in Frisco
Over 4,000-square-foot CoWorkSpaces location anchors first floor of the bank's new corporate office at 17 Cowboys Way DALLAS , March 14, 2024 /PRNewswire/ -- Comerica Bank today unveiled a distinctive...
Comerica Bank to hold Sixth Annual Prom Dress Drive, Benefiting Jackets for Jobs
Public encouraged to drop-off dresses and accessories at select Comerica locations March 18-April 12 DETROIT , March 13, 2024 /PRNewswire/ -- Comerica Bank is welcoming donations for its sixth annual ...
Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...
Comerica Bank Achieves 'Outstanding' Rating in Community Reinvestment Act Evaluation by the Federal Reserve Board
DALLAS, Feb. 29, 2024 /PRNewswire/ -- Comerica Bank announced today it received the highest overall rating of "Outstanding" in its 2023 Community Reinvestment Act (CRA) Performance Evaluation by the F...
Comerica Declares Common and Preferred Stock Dividends
DALLAS , Feb. 27, 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 pa...
Comerica to Participate in 2024 RBC Capital Markets Global Financial Institutions Conference; Announces Details for Conference Call to Review First Quarter 2024 Earnings
DALLAS , Feb. 26, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2...
Fears about office-space loans are ‘overblown,' Citi says
While commercial-real-estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to mitigate any impact to the system, Citi analysts sa...
Three-Stock Lunch: Meta, Comerica and McDonald's
Scott Nations, Nations Indexes founder, joins 'Power Lunch' to discuss three stocks; Meta, Comerica and McDonald's.
Comerica's Cash Flow Increases The Safety Of Its Dividend Yield
Comerica has increased its regular dividend from $0.30/share in 1Q18 to $0.71/share in 3Q23. The current quarterly dividend, when annualized, equals $2.84/share and provides a 5.3% dividend yield.
Comerica Bank's North Texas Prom Dress Drive Returns in February
DALLAS , Jan. 25, 2024 /PRNewswire/ -- Comerica Bank will host its ninth annual North Texas Prom Dress Drive, Feb. 1-29, at six participating banking centers. Donations will benefit local teens served...
Comerica Bank's California Index's Growth Stalled in the Fall
DALLAS , Jan. 22, 2024 /PRNewswire/ -- The Comerica California Economic Activity Index was unchanged for a second consecutive month in the three months through October, and was up 1.6% from a year ear...
Comerica Bank's Texas Index Rose in October
DALLAS , Jan. 22, 2024 /PRNewswire/ -- The Comerica Texas Economic Activity Index increased by 5.3% annualized in the three months through October and was up 2.2% from a year earlier. Five of the Ind...
Comerica Bank's Michigan Index Rebounded in October Despite the UAW Strike
DALLAS , Jan. 22, 2024 /PRNewswire/ -- The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, reversing a drop in the prior three months. Nonetheless, ...
Not all regional banks are created equal, says Jim Cramer
'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.
US banks warn costly deposits to weaken interest income in 2024
Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.
Comerica Reports Fourth Quarter and Full-Year 2023 Earnings Results
DALLAS , Jan. 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 2023 financial results. The results are available on the Investor Relations secti...
$100,000 Comerica Hatch Detroit Contest by TechTown returns to find Detroit's next winning brick-and-mortar small business
Applications now open for 12th annual entrepreneurial contest DETROIT , Jan. 3, 2024 /PRNewswire/ -- Comerica Bank and TechTown Detroit are gearing up for the return of the Comerica Hatch Detroit Cont...
11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria
Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareh...
Beaten-Down Bank Stocks Finally Get a Break. Is It Too Late to Buy In?
Until Tuesday, KeyCorp had been one of the worst-performing banks in the S&P 500 index. Its fortunes have changed this week.
Final Trades: Zoom, Comerica and Paramount
The "Halftime Report" traders on their top picks.
Comerica Bank Exceeds Three-Year, $5 Billion Small Business Lending Commitment
Innovative products, services and resources driving Comerica's small business banking transformation, reach and growth DALLAS , Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has ...
Detroit Lions, Comerica Bank Collaboration Returns to "Double the Impact" for My Cause My Cleats Campaign
In Support of F.A.R.M. (Family Assistance for Renaissance Men), Detroit Lions to match up to $100,000 in donations; Comerica contributes $10,000 DETROIT , Dec. 7, 2023 /PRNewswire/ -- The Detroit Lion...