Comerica Incorporated (CMA)
| Market Cap | 8.27B |
| Revenue (ttm) | 3.16B |
| Net Income (ttm) | 535.00M |
| Shares Out | 132.72M |
| EPS (ttm) | 4.02 |
| PE Ratio | 15.52 |
| Forward PE | 11.98 |
| Dividend | $2.84 (4.56%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 2,501,083 |
| Open | 62.25 |
| Previous Close | 62.03 |
| Day's Range | 61.44 - 62.53 |
| 52-Week Range | 37.48 - 66.06 |
| Beta | 1.25 |
| Analysts | Hold |
| Price Target | 62.55 (+0.39%) |
| Earnings Date | Oct 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 23 analysts, the average rating for CMA stock is "Hold." The 12-month stock price forecast is $62.55, which is an increase of 0.39% from the latest price.
News
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...
Wall Street's Most Accurate Analysts Weigh In On 3 Financials Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Comerica Declares Common and Preferred Stock Dividends
DALLAS , July 23, 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...
These Analysts Revise Their Forecasts On Comerica After Q2 Results
Comerica Incorporated CMA posted better-than-expected quarterly results on Friday.
Comerica: Ongoing Deposit Pressure In Q2 Limits Upside
Comerica shares plunged over 10% after disappointing earnings, wiping out gains from the past year, as net interest income pressures persist. Struggles with noninterest-bearing deposit outflows are pr...
20 value stocks with high dividend yields and expected room to raise payouts
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Comerica cuts net interest income view and flags loss of a government contract
Comerica Inc.'s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn't expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid De...
Comerica Stock Tumbles as Bank Likely To Lose Exclusive Treasury Contract
Shares of Comerica (CMA) tumbled Friday despite second-quarter results beating estimates, as the regional bank said it has been informed by the U.S. Treasury that it likely won't be selected to contin...
Comerica Incorporated (CMA) Q2 2024 Earnings Call Transcript
Comerica Incorporated (NYSE:CMA) Q2 2024 Earnings Conference Call July 19, 2024 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curt Farmer - President, Chairman & Chief Exe...
Comerica Reports Second Quarter 2024 Earnings Results
DALLAS , July 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2024 financial results. The results are available on the Investor Relations section of Comerica...
Comerica Reports Before The Open 7/19 — Options Expire The Same Day
According to NextEarningsDate.com, the Comerica next earnings date is projected to be 7/19 before market open, with earnings estimates of $1.21/share on $0.82 Billion of revenue. Looking back, the rec...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...