- Previous Close
58.68 - Open
59.72 - Bid 57.95 x 900
- Ask 60.30 x 800
- Day's Range
58.31 - 60.17 - 52 Week Range
37.40 - 61.84 - Volume
2,805,842 - Avg. Volume
2,038,542 - Market Cap (intraday)
7.809B - Beta (5Y Monthly) 1.25
- PE Ratio (TTM)
13.05 - EPS (TTM)
4.51 - Earnings Date Oct 18, 2024
- Forward Dividend & Yield 2.84 (4.84%)
- Ex-Dividend Date Sep 13, 2024
- 1y Target Est
60.19
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 businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
www.comerica.com7,608
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
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View MoreValuation Measures
Market Cap
7.79B
Enterprise Value
--
Trailing P/E
13.01
Forward P/E
11.31
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
2.39
Price/Book (mrq)
1.35
Enterprise Value/Revenue
5.03
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
19.35%
Return on Assets (ttm)
0.74%
Return on Equity (ttm)
10.68%
Revenue (ttm)
3.25B
Net Income Avi to Common (ttm)
602M
Diluted EPS (ttm)
4.51
Balance Sheet and Cash Flow
Total Cash (mrq)
5.24B
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
--
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View MoreNet Interest Income Pressure and Likely Loss of Direct Express Weigh on Comerica but Shares Cheap
Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.
RatingPrice TargetThe trading week that ended on Friday July 19 was tough for stocks. As a result,
The trading week that ended on Friday July 19 was tough for stocks. As a result, the major indices worked off extreme overbought conditions on the daily charts, and quickly. But the daily uptrends in the 14-day relative strength index and the daily moving-average convergence/divergence were broken. The more worrisome condition existed with the high-beta indices like the Nasdaq 100 (QQQ). It broke an uptrend off the lows since early May, the 21-day rate of change was in negative territory, there had been multiple days of distributive action, the five-day/13-day exponential crossover was bearish, and price was sitting on the prior low from June 24 near $474. In addition, the biggest QQQ issues either were close to breaking or have had broken below their 50-day averages. But on Monday, July 22, it was semiconductors to the rescue! The major semi indices/ETFs spiked over 4% after taking it on the chin (though not really, considering how far they have come) since July 10. The chip stocks propelled the Information Technology sector and the sector reignited the Nasdaq, Nasdaq 100 (QQQ), and the S&P 500 (SPX). And it wasn't just tech, as nine of the 11 SPX sectors rose. The semi heavyweights did their usual thing, with NVDA up 5%, ASML +5.3%, QCOM +4.7%, AMAT +6.3%, LRCX +6.6%, and KLAC +6%. Yet it was only one day and the indices and ETFs rebounded only to the underside of their five-day exponential moving averages (EMAs). All of them remained on five-/day13-day EMA crossover sell signals and all have broken their uptrends off the early May secondary lows. The S&P 400 bounced 1.3% after hitting its 13-day EMA, and the Russell 2000 popped 1.7%, rebounding off its 10-day EMA. For the indices, there isn't a lot of resistance overhead and new all-time highs are not far away. It's very possible that the upcoming earnings reports will decide the short-term fate of the market, and it is also possible that the bearish seasonals may dictate the near term. Looking out to the end of 2024 and into 2025, there seems to be significant evidence that new highs will be posted, this based on historical studies that detail what prices have done since October 2022 as well as October 2023. In addition, based on the width and depth of the base traced out in 2022 and 2023, there are measured moves that target higher prices.
Significant deposit loss weighs heavily
Based in Dallas, Comerica has 430 bank locations in Texas, California, Michigan, Arizona, and Florida, with some select business lines in several other states, as well as in Canada and Mexico. The company organizes its business into three segments: The Commercial Bank, The Retail Bank, and Wealth Management.
RatingPrice TargetNet Interest Income Pressure and Likely Loss of Direct Express Weigh on Comerica but Shares Cheap
Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.
RatingPrice Target