Comerica Incorporated (CMA)
| Market Cap | 5.96B |
| Revenue (ttm) | 3.72B |
| Net Income (ttm) | 1.17B |
| Shares Out | 131.87M |
| EPS (ttm) | 8.83 |
| PE Ratio | 5.12 |
| Forward PE | 7.94 |
| Dividend | $2.84 (6.28%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 1,437,358 |
| Open | 45.34 |
| Previous Close | 45.08 |
| Day's Range | 44.79 - 45.87 |
| 52-Week Range | 28.40 - 77.34 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 53.05 (+17.32%) |
| Earnings Date | Jan 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, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services, as well as payment and card services for small and middle market bus... [Read more]
Financial Performance
In 2022, Comerica's revenue was $3.47 billion, an increase of 3.67% compared to the previous year's $3.35 billion. Earnings were $1.12 billion, a decrease of -1.58%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for CMA stock is "Buy." The 12-month stock price forecast is $53.05, which is an increase of 17.32% from the latest price.
News
These regional banks are at greatest risk of being taken over by rivals, according to KBW
Regional banks are weighed down by concerns over the impact of new rules and the risk of a recession on loan losses, particularly in commercial real estate.
Comerica to Participate in Goldman Sachs 2023 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2023 Earnings
DALLAS , Nov. 21, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2023 US Financial Services Conference on Tuesday, Dec. 5, 2023. Comerica Inc...
Parties Close Arrangement for Ameriprise to Become Comerica's New Investment Program Provider
MINNEAPOLIS & DALLAS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) and Comerica, Inc. (NYSE: CMA) today announced that Ameriprise Financial Services, LLC and Comerica (through certain affil...
Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024
Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.
Comerica Incorporated Names Brian Goldman Chief Risk Officer
Jay Oberg to Retire in 2024 DALLAS , Nov. 9, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Brian Goldman has been named Senior Executive Vice President and Chief Risk Off...
Comerica Declares Common and Preferred Stock Dividends
DALLAS , Nov. 7, 2023 /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 pay...
Higher-for-longer interest rates challenge banks as mixed Q3 earnings stack up
The higher-for-longer interest-rate environment weighed on banks during the quarter as one central theme this earnings season, banking-industry players told MarketWatch.
CMA DEADLINE TODAY: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important October 20 Deadline in Securities Class Action Commenced by the Firm – CMA
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, ...
Comerica Profit Tumbles But Earnings Beat Expectations
The regional bank posted third-quarter earnings of $1.84 a share, while Wall Street was expecting $1.69.
Comerica profit drops by 28% but beats Wall Street estimate
Comerica Inc.'s CMA, -1.28% stock rose 1.2% in premarket trading on Friday after the bank said its third-quarter net income fell by 28% to $251 million, or $1.84 a share, from $351 million, or $260 a ...
Comerica Reports Third Quarter 2023 Earnings Results
DALLAS , Oct. 20, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2023 financial results. The results are available on the Investor Relations section of Comerica'...
FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comeri...
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Comerica Incorporated (CMA)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 20, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest...
CMA DEADLINE TOMORROW: ROSEN, THE FIRST FILING FIRM, Encourages Comerica Incorporated Investors to Secure Counsel Before Important October 20 Deadline in Securities Class Action Commenced by the Firm – CMA
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, ...
CMA Investors Have Opportunity to Lead Comerica Incorporated Securities Fraud Lawsuit
BENSALEM, Pa. , Oct. 19, 2023 /PRNewswire/ -- Law Offices of Howard G.
SHAREHOLDER ALERT: Levi & Korsinsky Notifies Comerica Incorporated(CMA) Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Comerica Incorporated ("Comerica" or the "Company") (NYSE: CMA) of a class action securities lawsuit. CLASS DEFINIT...
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Comerica Incorporated of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 20, 2023 - (NYSE: CMA)
NEW YORK , Oct. 17, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Comerica Incorporated. Shareholders who purchased shares of CMA during the class period liste...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comeri...
SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Comerica Investors of a Lead Plaintiff Deadline of October 20, 2023
NEW YORK , Oct. 16, 2023 /PRNewswire/ -- Attention Comerica Incorporated ("Comerica") (NYSE: CMA) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on be...
DEADLINE ACTION ALERT: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 16, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comeri...
Challenges Loom for Regional Banks as Interest Rates Surge
First up are JPMorgan Chase & Co. NYSE: JPM, Wells Fargo Co. NYSE: WFC and Citigroup Inc. NYSE: C. Those reports will likely offer hints as to whether the bigger financial institutions are seeing con...
IMPORTANT OCTOBER DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comeri...
Comerica and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K in Funding
HOUSTON--(BUSINESS WIRE)-- #affordablehousing--Local politicians, including Houston Mayor Sylvester Turner, turned out to celebrate today's grand opening of New Hope Housing (NHH) Savoy, a multimillio...
These regional banks are at risk of being booted from the S&P 500
This year's regional banking crisis has already caused changes in the S&P 500 index. More changes may be coming if the industry faces a protracted slump.
Media Advisory: Comerica Bank and FHLB Dallas Celebrate Grand Opening of Houston-Based Affordable Housing Project
HOUSTON--(BUSINESS WIRE)-- #affordablehousing--Join Comerica Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) on Thursday, October 12, to celebrate the opening of a 120-unit, supportive hou...