Is Comerica a good stock to buy now?
Comerica has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Comerica has received 853 “outperform” votes. (Add your “outperform” vote.) Comerica has received 701 “underperform” votes. (Add your “underperform” vote.) Comerica has received 54.89% “outperform” votes from our community.
How much of Comerica's stock are insiders selling?
In the past three months, Comerica insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,588,810.00 in company stock. Only 0.67% of the stock of Comerica is held by insiders.
What is Comerica's stock symbol?
Comerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA." Who are Comerica's major shareholders? Comerica's stock is owned by many different retail and institutional investors.
Does Comerica Incorporated (CMA) stock deliver earnings and revenue surprises in 2021?
Comerica Incorporated (CMA) delivered earnings and revenue surprises of 3.11% and 1.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
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Is Comerica stock a buy?
Comerica has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 12 buy ratings, 6 hold ratings, and 2 sell ratings.
Is CMA a good stock?
Out of 20 analysts, 6 (30%) are recommending CMA as a Strong Buy, 6 (30%) are recommending CMA as a Buy, 6 (30%) are recommending CMA as a Hold, 0 (0%) are recommending CMA as a Sell, and 2 (10%) are recommending CMA as a Strong Sell.
Is Comerica Bank publicly traded?
Comerica Incorporated Common Stock (CMA)
What bank owns Comerica Bank?
Comerica IncorporatedComerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.
Is Comerica a good bank?
Comerica may a good choice if you prefer a traditional brick-and-mortar banking experience. It offers a variety of bank accounts and decent interest rates on CDs.
Is Comerica a big bank?
With the merger, Comerica became the country's 25th largest bank holding company, with assets in excess of $20 billion.
Should I buy or sell Comerica stock right now?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last twelve months. There are currently 2 sell ratings, 6...
What is Comerica's stock price forecast for 2022?
20 brokerages have issued twelve-month target prices for Comerica's shares. Their forecasts range from $73.00 to $118.00. On average, they expect C...
How has Comerica's stock price performed in 2022?
Comerica's stock was trading at $87.00 at the beginning of 2022. Since then, CMA stock has decreased by 13.5% and is now trading at $75.25. View t...
Are investors shorting Comerica?
Comerica saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,790,000 shares, an incre...
When is Comerica's next earnings date?
Comerica is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022. View our earnings forecast for Comerica .
How can I listen to Comerica's earnings call?
Comerica will be holding an earnings conference call on Wednesday, July 20th at 8:00 AM Eastern. Interested parties can register for or listen to t...
How were Comerica's earnings last quarter?
Comerica Incorporated (NYSE:CMA) announced its earnings results on Wednesday, April, 20th. The financial services provider reported $1.37 earnings...
How often does Comerica pay dividends? What is the dividend yield for Comerica?
Comerica declared a quarterly dividend on Tuesday, April 26th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.68 per...
Is Comerica a good dividend stock?
Comerica(NYSE:CMA) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.45%. The dividend payout ratio of Comerica is...
When will Comerica repurchase its stock?
When is Comerica's quarterly dividend?
Comerica declared that its Board of Directors has approved a share repurchase program on Tuesday, April 27th 2021, which authorizes the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases.
What is Marketbeat community ratings?
Comerica declared a quarterly dividend on Tuesday, April 27th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.68 per share on Thursday, July 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, June 14th.
What is the dividend payout ratio of Comerica?
MarketBeat's community ratings are surveys of what our community members think about Comerica and other stocks. Vote “Outperform” if you believe CMA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CMA will underperform the S&P 500 over the long term. You may vote once every thirty days.
What companies does Comerica own?
The dividend payout ratio of Comerica is 83.18%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Comerica will have a dividend payout ratio of 50.37% next year. This indicates that Comerica will be able to sustain or increase its dividend.
What is the CMA symbol?
Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), AT&T (T), Intel (INTC), NVIDIA (NVDA), Walmart (WMT), Alibaba Group (BABA), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).
What is the peg ratio of Comerica?
Comerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."
Where is Comerica located?
Comerica has a PEG Ratio of 0.43. PEG Ratios below 1 indicate that a company could be undervalued.
Was The Smart Money Right About Comerica Incorporated (CMA)?
Analyst Report: Comerica Incorporated 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.
How many businesses does Comerica have?
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How much did the e-commerce company lose in 2018?
Comerica mainly has three businesses – commercial bank, retail bank, and wealth management, out of which commercial bank contributed close to 75% of the total revenues. The company is heavily dependent on net interest income and is very sensitive to changes in interest rates.
Is CMA sensitive to interest rates?
While the company’s total revenues fell around 13% from $3.3 billion in 2018 to about $2.9 billion in 2020, it translated into a 62% decrease in the net income figure.
How much did Comerica stock fall in March?
Notably, CMA is very sensitive to movement in interest rates, as the NII contributes close to 70% of the bank’s revenues. That said, the low-interest-rate environment is unlikely to see an immediate revival to the pre-Covid-19 levels, hurting the net interest income.
Is Comerica downgraded?
Shares of Comerica ( NYSE:CMA) fell 15.8% in March, according to data from S&P Global Market Intelligence, as a pair of analysts called a top for the shares early in the month and the Federal Reserve took an unexpected turn against bank stocks a few weeks later.
Who is the Motley Fool?
Comerica shares were hit with two downgrades early in the month. On March 6, Stephens analysts reduced their ratings on eight banks, including Comerica, concluding that after a strong run for the sector to start 2019 thanks in part to the excitement surrounding some high-profile merger announcements, the risk/reward potential for the shares was less attractive. The analysts rerated Comerica as "equal weight," down from "overweight."
Is Comerica downgraded?
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Comerica Q4 Earnings Beat Estimates, Revenues Fall
Comerica shares were hit with two downgrades early in the month. On March 6, Stephens analysts reduced their ratings on eight banks, including Comerica, concluding that after a strong run for the sector to start 2019 thanks in part to the excitement surrounding some high-profile merger announcements , the risk/reward potential for the shares was less attractive. The analysts rerated Comerica as "equal weight," down from "overweight."
Revenues Fall on Lower NII, Expenses Increase
Comerica delivered a fourth-quarter 2021 positive earnings surprise of 3.11%. Earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.61. Also, the bottom line was higher than the prior-year quarter figure of $1.53. Comerica’s results were supported by lower provisions and a robust fee income.
Decent Balance-Sheet Position
Comerica’s fourth-quarter revenues were $750 million, up 2.2%% year over year. Also, the top line beat the consensus estimate of $735.4 million. In 2021, revenues climbed nearly 2% year over year to $2.96 billion. NII decreased 1.7% on a year-over-year basis to $461 million in the quarter on lower rates.
Strong Credit Quality
As of Dec 31, 2021, total assets and common shareholders' equity were $94.62 billion and $7.89 billion, respectively, compared with $94.53 billion and $7.80 billion as of Sep 30, 2020. Average loans declined marginally on a sequential basis to $47.83 billion. Nonetheless, average deposits increased 6.9% from the prior quarter’s level to $84.5 billion..
Weak Capital Position
Total non-performing assets decreased 25.1% year over year to $269 million. The allowance for credit losses was $618 million, down from $992 million in the prior-year quarter.
Solid Capital-Deployment Activities
As of Dec 31, 2021, Comerica’s tangible common equity ratio was 7.30%, down from 8.02% in the prior-year quarter. The total capital ratio was 12.37%, declining from 13.20% in the year-ago quarter. Common Equity Tier 1 (CET1) capital ratio was 10.15%, falling from 10.34% in the prior-year quarter.
Outlook
In the reported quarter, Comerica returned $139 million to its shareholders through share repurchases and dividends. Comerica repurchased $50 million of common stock under its share repurchase program and declared dividends of $89 million on its common stock.
