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Comerica Incorporated (CMA) Stock

Profile

Country:

United States

IPO:

17 March 1980

Indexes:

Not included

Description:

Comerica Incorporated is one of the largest commercial banks in the United States. The bank is engaged in both traditional banking activities, such as lending to corporate and private sectors, as well as investment activities. Previously known as DETROITBANK Corporation, the bank changed its name to Comerica Incorporated in July 1982. Comerica Incorporated itself was founded in 1849 with headquarters in Dallas, Texas. Overall, the bank operates in two main areas of business: commercial banking for corporations and households, and investment management, where the bank manages assets.

Key Details

Price

$62.48

TTM Dividend Yield

4.55%(-10.78% YoY)

PE Ratio

15.62(+80.58% YoY)

Beta

1.12

Events Calendar

Earnings

Next earnings date:

Jan 22, 2025

Recent quarterly earnings:

Oct 18, 2024

Recent annual earnings:

Jan 19, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 13, 2024
Splits

Next split:

N/A

Recent split:

Apr 02, 1998

Analyst ratings

Recent major analysts updates

10 Dec '24 Compass Point
Buy
04 Dec '24 Keefe, Bruyette & Woods
Outperform
03 Dec '24 Piper Sandler
Neutral
26 Nov '24 Goldman Sachs
Buy
18 Nov '24 Baird
Outperform
15 Nov '24 Wells Fargo
Equal-Weight
30 Oct '24 Evercore ISI Group
In-Line
22 Oct '24 Goldman Sachs
Buy
21 Oct '24 Wells Fargo
Underweight
21 Oct '24 Truist Securities
Hold

Market Data

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Institutional Ownership

Will Comerica (CMA) Beat Estimates Again in Its Next Earnings Report?
Will Comerica (CMA) Beat Estimates Again in Its Next Earnings Report?
Will Comerica (CMA) Beat Estimates Again in Its Next Earnings Report?
CMA
zacks.com02 January 2025

Comerica (CMA) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
CMA
youtube.com12 December 2024

Matt McLennan, who is the co-head of First Eagle's global value team, and Bill Adams, the chief economist at Comerica, appear on CNBC's 'The Exchange' to talk about the Federal Reserve's plans for lowering interest rates, their observations on recent economic data, and other related topics.

Best Income Stocks to Buy for December 10th
Best Income Stocks to Buy for December 10th
Best Income Stocks to Buy for December 10th
CMA
zacks.com10 December 2024

On December 10, 2024, WTBA, CMA, and MS were included in the Zacks Rank #1 (Strong Buy) list of income stocks.

Best Value Stocks to Buy for December 10th
Best Value Stocks to Buy for December 10th
Best Value Stocks to Buy for December 10th
CMA
zacks.com10 December 2024

On December 10, 2024, PLBC, CMA, and POWL were included in the Zacks Rank #1 (Strong Buy) list of value stocks.

Comerica's Unit Sued on Failing to Administer Federal Benefits Program
Comerica's Unit Sued on Failing to Administer Federal Benefits Program
Comerica's Unit Sued on Failing to Administer Federal Benefits Program
CMA
zacks.com09 December 2024

CMA's subsidiary, Comerica Bank, is facing a lawsuit from the CFPB for allegedly mismanaging millions of Direct Express cardholders who receive federal benefits.

CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CMA
pymnts.com06 December 2024

On Friday, December 6, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Comerica Bank, claiming the bank violated regulations by disconnecting customer service calls and imposing unlawful ATM fees. The complaint focuses on the Direct Express program, which Comerica Bank has managed for the Department of the Treasury since 2008 and serves around 3 million people.

U.S. Sues Comerica Bank Over Treatment of Federal Benefits Users
U.S. Sues Comerica Bank Over Treatment of Federal Benefits Users
U.S. Sues Comerica Bank Over Treatment of Federal Benefits Users
CMA
wsj.com06 December 2024

The CFPB has claimed that Comerica's banking branch intentionally disconnected customer service calls from millions of Direct Express cardholders, preventing them from using their legal rights. They also accused the bank of charging illegal ATM fees and improperly handling fraud complaints.

Comerica Bank to Kick Off Detroit Lions "Double The Impact" My Cause My Cleats Campaign with First $17,500 Donation
Comerica Bank to Kick Off Detroit Lions "Double The Impact" My Cause My Cleats Campaign with First $17,500 Donation
Comerica Bank to Kick Off Detroit Lions "Double The Impact" My Cause My Cleats Campaign with First $17,500 Donation
CMA
prnewswire.com04 December 2024

The Detroit Lions will match donations to Alternatives For Girls (AFG) up to $100,000 as part of their third annual My Cause My Cleats campaign. Comerica Bank is also supporting AFG in honor of its 175th anniversary and commitment to the community. The Lions invite everyone to "Double The Impact" by contributing to this Detroit-based nonprofit that helps homeless and at-risk girls and young women.

CROWN ROYAL JOINS FORCES WITH NATE SMITH AND SCOTTY HASTING TO SUPPORT VETERANS AS THE AWARD-WINNING WHISKY DONATES $50,000 TO CREATIVETS ON COUNTRY MUSIC'S BIGGEST NIGHT
CROWN ROYAL JOINS FORCES WITH NATE SMITH AND SCOTTY HASTING TO SUPPORT VETERANS AS THE AWARD-WINNING WHISKY DONATES $50,000 TO CREATIVETS ON COUNTRY MUSIC'S BIGGEST NIGHT
CROWN ROYAL JOINS FORCES WITH NATE SMITH AND SCOTTY HASTING TO SUPPORT VETERANS AS THE AWARD-WINNING WHISKY DONATES $50,000 TO CREATIVETS ON COUNTRY MUSIC'S BIGGEST NIGHT
CMA
prnewswire.com21 November 2024

Crown Royal celebrated the 58th Annual CMA Awards by turning Nashville purple, marking the launch of their 31 Year Old whisky in collaboration with Daniel Diamond. This event, which took place during the CMA Awards week, highlighted Crown Royal's commitment to generosity in Music City. The festivities reached their peak with a special announcement on the night of the awards.

Comerica Bank Statement on Direct Express Program Transition
Comerica Bank Statement on Direct Express Program Transition
Comerica Bank Statement on Direct Express Program Transition
CMA
prnewswire.com21 November 2024

DALLAS, Nov. 21, 2024 /PRNewswire/ -- Comerica Bank released a statement about the Treasury Bureau of the Fiscal Service's announcement of a new financial agent for the Direct Express program. "We have been proud to support the Direct Express program since 2008 and are dedicated to serving its 3.4 million cardholders."

FAQ

  • What is the primary business of Comerica Incorporated?
  • What is the ticker symbol for Comerica Incorporated?
  • Does Comerica Incorporated pay dividends?
  • What sector is Comerica Incorporated in?
  • What industry is Comerica Incorporated in?
  • What country is Comerica Incorporated based in?
  • When did Comerica Incorporated go public?
  • Is Comerica Incorporated in the S&P 500?
  • Is Comerica Incorporated in the NASDAQ 100?
  • Is Comerica Incorporated in the Dow Jones?
  • When was Comerica Incorporated's last earnings report?
  • When does Comerica Incorporated report earnings?
  • Should I buy Comerica Incorporated stock now?

What is the primary business of Comerica Incorporated?

Comerica Incorporated is one of the largest commercial banks in the United States. The bank is engaged in both traditional banking activities, such as lending to corporate and private sectors, as well as investment activities. Previously known as DETROITBANK Corporation, the bank changed its name to Comerica Incorporated in July 1982. Comerica Incorporated itself was founded in 1849 with headquarters in Dallas, Texas. Overall, the bank operates in two main areas of business: commercial banking for corporations and households, and investment management, where the bank manages assets.

What is the ticker symbol for Comerica Incorporated?

The ticker symbol for Comerica Incorporated is NYSE:CMA

Does Comerica Incorporated pay dividends?

Yes, Comerica Incorporated pays dividends. The last payment was $0.71, with an ex-dividend date on 13 December 2024

What sector is Comerica Incorporated in?

Comerica Incorporated is in the Financial Services sector

What industry is Comerica Incorporated in?

Comerica Incorporated is in the Banks - Regional industry

What country is Comerica Incorporated based in?

Comerica Incorporated is headquartered in United States

When did Comerica Incorporated go public?

Comerica Incorporated's initial public offering (IPO) was on 17 March 1980

Is Comerica Incorporated in the S&P 500?

No, Comerica Incorporated is not included in the S&P 500 index

Is Comerica Incorporated in the NASDAQ 100?

No, Comerica Incorporated is not included in the NASDAQ 100 index

Is Comerica Incorporated in the Dow Jones?

No, Comerica Incorporated is not included in the Dow Jones index

When was Comerica Incorporated's last earnings report?

Comerica Incorporated's most recent earnings report was on 18 October 2024

When does Comerica Incorporated report earnings?

The next expected earnings date for Comerica Incorporated is 22 January 2025

Should I buy Comerica Incorporated stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions