Comerica Incorporated (CMA)
| Market Cap | 7.17B |
| Revenue (ttm) | 3.31B |
| Net Income (ttm) | 668.00M |
| Shares Out | 132.59M |
| EPS (ttm) | 5.03 |
| PE Ratio | 10.85 |
| Forward PE | 10.17 |
| Dividend | $2.84 (5.25%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 375,422 |
| Open | 55.00 |
| Previous Close | 54.83 |
| Day's Range | 54.06 - 55.00 |
| 52-Week Range | 34.88 - 57.39 |
| Beta | 1.29 |
| Analysts | Hold |
| Price Target | 55.97 (+3.48%) |
| 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]
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 21 analysts, the average rating for CMA stock is "Hold." The 12-month stock price forecast is $55.97, which is an increase of 3.48% from the latest price.
News
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...
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...
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...
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...
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...
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 ...
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...
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.
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...
$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...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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, ...