Comerica (CMA)
(Delayed Data from NYSE)
$58.86 USD
+0.18 (0.31%)
Updated Oct 4, 2024 04:00 PM ET
After-Market: $58.87 +0.01 (0.02%) 7:58 PM ET
3-Hold of 5 3
B Value F Growth C Momentum C VGM
Company Summary
Headquartered in Dallas, TX, Comerica Incorporated is a banking and financial services company. The company delivers financial services in three primary geographic markets — Texas, California and Michigan — as well as Arizona and Florida.
Comerica reports its results through the following business 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 for small and middle market businesses, multinational corporations and governmental entities.
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Company Summary
Headquartered in Dallas, TX, Comerica Incorporated is a banking and financial services company. The company delivers financial services in three primary geographic markets — Texas, California and Michigan — as well as Arizona and Florida.
Comerica reports its results through the following business 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 for small and middle market businesses, multinational corporations and governmental entities.
The Retail Bank segment includes a full range of personal financial services, which consists of consumer lending, consumer deposit gathering and mortgage loan origination. This segment also provides consumer products, including deposit accounts, instalment loans, student loans, credit cards, home equity lines of credit and residential mortgage loans. This segment offers a subset of commercial products and services to micro-businesses whose primary contact is through the branch network.
The Wealth Management segment offers products and services such as fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Additionally, the sale of annuity products, life, disability and long-term care insurance products are offered by this segment.
The Finance Division segment includes Comerica’s securities portfolio and asset and liability management activities while the Other category includes the income and expense impact of equity and cash and tax benefits not related to specific business segments, charges of an unusual or infrequent nature that are not reflective of the normal operations of the business segments and miscellaneous other expenses of a corporate nature.
As of June 30, 2024, Comerica had total assets of $79.6 billion, loans of $51.9 billion, deposits of $62.5 billion and shareholders' equity of $6.2 billion.
General Information
Comerica Incorporated
1717 MAIN STREET MC6404
DALLAS, TX 75201
Phone: 833-571-0486
Fax: 302-424-4866
Email: investorrelations@comerica.com
Industry | Banks - Major Regional |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 9/30/2024 |
Earnings Date | 10/18/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.16 |
Current Year EPS Consensus Estimate | 5.08 |
Estimated Long-Term EPS Growth Rate | NA |
Earnings Date | 10/18/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 58.68 |
52 Week High | 61.84 |
52 Week Low | 37.40 |
Beta | 1.23 |
20 Day Moving Average | 2,020,789.00 |
Target Price Consensus | 59.50 |
4 Week | 6.59 |
12 Week | 5.22 |
YTD | 5.14 |
4 Week | 2.92 |
12 Week | 3.09 |
YTD | -12.02 |
Shares Outstanding (millions) | 132.67 |
Market Capitalization (millions) | 7,785.07 |
Short Ratio | NA |
Last Split Date | 4/2/1998 |
Dividend Yield | 4.84% |
Annual Dividend | $2.84 |
Payout Ratio | 0.46 |
Change in Payout Ratio | 0.04 |
Last Dividend Payout / Amount | 9/13/2024 / $0.71 |
Fundamental Ratios
P/E (F1) | 11.55 |
Trailing 12 Months | 9.59 |
PEG Ratio | NA |
vs. Previous Year | -23.88% |
vs. Previous Quarter | 18.60% |
vs. Previous Year | -8.35% |
vs. Previous Quarter | 0.56% |
Price/Book | 1.35 |
Price/Cash Flow | 6.82 |
Price / Sales | 1.51 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 15.01 |
3/31/24 | 16.51 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 1.00 |
3/31/24 | 1.04 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 0.96 |
3/31/24 | 0.95 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 0.96 |
3/31/24 | 0.95 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 16.00 |
3/31/24 | 16.77 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 12.15 |
3/31/24 | 13.11 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 15.79 |
3/31/24 | 17.09 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 43.47 |
3/31/24 | 42.66 |
9/30/24 | NA |
6/30/24 | NA |
3/31/24 | NA |
9/30/24 | Pending Next EPS Report |
6/30/24 | 1.23 |
3/31/24 | 1.26 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 53.58 |
3/31/24 | 54.07 |