Comerica Incorporated (CMA)

NYSE: CMA · IEX Real-Time Price · USD
54.23
+2.23 (4.29%)
At close: Mar 27, 2024, 4:00 PM
52.10
-2.13 (-3.93%)
Pre-market: Mar 28, 2024, 8:29 AM EDT
4.29%
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]

Sector Financials
Founded 1849
Employees 7,863
Stock Exchange NYSE
Ticker Symbol CMA
Full Company Profile

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 Statements

Analyst 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.

Price Target
$56.21
(3.65% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

6 days ago - PRNewsWire

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 ...

9 days ago - PRNewsWire

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...

13 days ago - PRNewsWire

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...

13 days ago - PRNewsWire

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 ...

14 days ago - PRNewsWire

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...

27 days ago - Market Watch

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...

27 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

Other symbols: BPOPCFGFHNKEYMTBNYCB
4 weeks ago - Market Watch

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.

Other symbols: MCDMETA
7 weeks ago - CNBC Television

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.

7 weeks ago - Forbes

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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, ...

2 months ago - PRNewsWire

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.

2 months ago - CNBC Television

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.

Other symbols: FITBHBANRFSTT
2 months ago - Reuters

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...

2 months ago - PRNewsWire

$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...

3 months ago - PRNewsWire

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...

3 months ago - Market Watch

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.

Other symbols: KEYKREZION
3 months ago - Barrons

Final Trades: Zoom, Comerica and Paramount

The "Halftime Report" traders on their top picks.

Other symbols: PARAPARAAZM
3 months ago - CNBC Television

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire