Comerica Incorporated (CMA)

NYSE: CMA · IEX Real-Time Price · USD
50.41
-0.01 (-0.02%)
Jul 22, 2024, 12:32 PM EDT - Market open
-0.02%
Market Cap 6.64B
Revenue (ttm) 3.31B
Net Income (ttm) 668.00M
Shares Out 132.59M
EPS (ttm) 5.03
PE Ratio 10.05
Forward PE 9.57
Dividend $2.84 (5.68%)
Ex-Dividend Date Jun 14, 2024
Volume 1,417,965
Open 49.61
Previous Close 50.42
Day's Range 49.37 - 50.92
52-Week Range 37.40 - 58.50
Beta 1.27
Analysts Hold
Price Target 54.91 (+8.93%)
Earnings Date Jul 19, 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 23 analysts, the average rating for CMA stock is "Hold." The 12-month stock price forecast is $54.91, which is an increase of 8.93% from the latest price.

Price Target
$54.91
(8.93% upside)
Analyst Consensus: Hold
Stock Forecasts

News

These Analysts Revise Their Forecasts On Comerica After Q2 Results

Comerica Incorporated CMA posted better-than-expected quarterly results on Friday.

3 hours ago - Benzinga

20 value stocks with high dividend yields and expected room to raise payouts

Last week's action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.

Other symbols: AMBENCOLBCWENEPRKSSLYB
2 days ago - Market Watch

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...

3 days ago - Market Watch

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...

3 days ago - Investopedia

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...

3 days ago - PRNewsWire

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...

11 days ago - Forbes

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...

5 weeks ago - Market Watch

Bank stocks and corporate bonds hold gains on flat inflation report and Fed update

Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.

Other symbols: BXCFGFITBKEYKRETFCTROW
5 weeks ago - Market Watch

KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , June 7, 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...

6 weeks ago - PRNewsWire

Comerica Bank's 15th Annual Shred Day Moves to Farmington Hills on Saturday, June 15

FREE document shredding and electronics recycling by Iron Mountain and Information Systems Resources available at Comerica's new Great Lakes Campus DETROIT , May 30, 2024 /PRNewswire/ -- Comerica Bank...

7 weeks ago - PRNewsWire

Comerica to Participate in 2024 Morgan Stanley US Financials, Payments & CRE Conference; Announces Details for Conference Call to Review Second Quarter 2024 Earnings

DALLAS , May 28, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024. Com...

7 weeks ago - PRNewsWire

7 Stock Picks for A Boring Market

The stock market has risen without much volatility. Quiet days favor stocks such as Citigroup, Comerica, Carnival, ABM, Synchrony, Cleveland Cliffs, and Goodyear, says 22V Research.

Other symbols: ABMCCCLCLFGTSYF
2 months ago - Barrons

Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Ninth Consecutive Year

DALLAS, May 14, 2024 /PRNewswire/ -- The Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change, has named Comerica Bank to its 2024 list of The Civic 50. It ma...

2 months ago - PRNewsWire

Comerica Announces Earnings Release Dates for 2025

DALLAS , May 10, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced its plans to release 2025 quarterly financial results and host conference calls on the following dates: FOURTH QUARTER...

2 months ago - PRNewsWire

G.L.A.M. Body Scrubs Wins $100,000 Comerica Hatch Detroit Contest by TechTown

12th annual Hatch Off brings organic skincare business to Detroit DETROIT , May 10, 2024 /PRNewswire/ -- The winner of the 2024 Comerica Hatch Detroit Contest by TechTown has been crowned! G.L.A.M. Bo...

2 months ago - PRNewsWire

Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer

DALLAS , May 1, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer...

2 months ago - PRNewsWire

Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership

DALLAS , April 30, 2024 /PRNewswire/ -- Comerica Bank announced today it is expanding its regional partnership with the Network for Teaching Entrepreneurship (NFTE) to multiple markets within its geog...

2 months ago - PRNewsWire

Comerica Announces Results from Annual Shareholders' Meeting

DALLAS , April 23, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of four proposals at today's annual meeting of shareholders. Comerica Incorporated shareholders elected ...

3 months ago - PRNewsWire

Comerica Declares Common and Preferred Stock Dividends

DALLAS , April 22, 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 p...

3 months ago - PRNewsWire

Banks are well positioned for CRE concerns, says Baird's David George

David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.

Other symbols: CFGHBANKBEKEYKREMTBPNC
3 months ago - CNBC Television

Comerica Reports First Quarter 2024 Earnings Results

DALLAS , April 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2024 financial results. The results are available on the Investor Relations section of Comerica...

3 months ago - PRNewsWire

$100,000 Comerica Hatch Detroit Contest by TechTown announces Top 10 semifinalist businesses

Public voting  begins as Top 10 entrepreneurs vie for $100,000 prize from Comerica Bank DETROIT , April 11, 2024 /PRNewswire/ -- The wait is over! The Comerica Hatch Detroit Contest by TechTown, the s...

3 months ago - PRNewsWire

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...

4 months 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 ...

4 months 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...

4 months ago - PRNewsWire