Comerica Incorporated, through its subsidiaries, provides various financial products and services.
Flawless balance sheet 6 star dividend payer.
Share Price & News
How has Comerica's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CA3 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CA3 underperformed the German Banks industry which returned 0.9% over the past year.
Return vs Market: CA3 underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Comerica's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Comerica undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CA3 (€58) is trading below our estimate of fair value (€121.45)
Significantly Below Fair Value: CA3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CA3 is good value based on its PE Ratio (7.9x) compared to the Banks industry average (17.7x).
PE vs Market: CA3 is good value based on its PE Ratio (7.9x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: CA3's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CA3 is overvalued based on its PB Ratio (1.2x) compared to the DE Banks industry average (0.9x).
How is Comerica forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CA3's earnings are forecast to decline over the next 3 years (-10.4% per year).
Earnings vs Market: CA3's earnings are forecast to decline over the next 3 years (-10.4% per year).
High Growth Earnings: CA3's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CA3's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: CA3's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CA3's Return on Equity is forecast to be low in 3 years time (12.8%).
How has Comerica performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CA3 has high quality earnings.
Growing Profit Margin: CA3's current net profit margins (36.4%) are lower than last year (36.9%).
Past Earnings Growth Analysis
Earnings Trend: CA3's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: CA3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CA3 had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Banks industry average (-7%).
Return on Equity
High ROE: CA3's Return on Equity (16.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Comerica's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CA3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: CA3's debt is covered by short term assets (assets are 1.3x debt).
Financial Institutions Analysis
Asset Level: CA3's level of assets compared to its equity is moderate.
Allowance for Bad Loans: CA3 has a sufficient allowance for bad loans.
Low Risk Liabilities: CA3's liabilities are made up of primarily low risk sources of funding.
Loan Level: CA3 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CA3's loans are broadly funded by customer deposits.
Level of Bad Loans: CA3 has an appropriate level of bad loans (0.41%)
What is Comerica's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Comerica before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CA3's dividend (4.35%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: CA3's dividend (4.35%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: CA3's dividends per share have been stable in the past 10 years.
Growing Dividend: CA3's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.8%), CA3's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CA3's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Curt Farmer (56yo)
Mr. Curtis Chatman Farmer, also known as Curt, has been Chief Executive Officer of Comerica Incorporated and Comerica Bank since April 23, 2019 and has been its the President since April 29, 2015 and its E ...
CEO Compensation Analysis
Compensation vs Market: Curt's total compensation ($USD3.99M) is about average for companies of similar size in the German market ($USD3.37M).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
|Executive Chairman||0.8yrs||US$3.99m||0.086% $7.0m|
|Executive VP||4.1yrs||US$2.34m||0.024% $1.9m|
|Interim CFO||0.4yrs||no data||0.0059% $482.1k|
|SVP of Asset Quality Review||0yrs||no data||no data|
|Executive Vice President of Enterprise Technology & Operations||3.5yrs||no data||0.0087% $707.3k|
|Senior VP & Chief Accounting Officer||2.1yrs||no data||0.0039% $313.0k|
|Director of Investor Relations||13.6yrs||no data||no data|
|Executive VP||0yrs||no data||0.0095% $770.7k|
|Executive VP & Chief HR Officer||10.1yrs||no data||0.019% $1.5m|
|Senior Vice President and Alternate Group Manager - Energy Finance Group||15.3yrs||no data||no data|
Experienced Management: CA3's management team is considered experienced (3.8 years average tenure).
|Executive Chairman||0.8yrs||US$3.99m||0.086% $7.0m|
|Independent Director||13.2yrs||US$245.30k||0.0046% $376.4k|
|Independent Director||13.2yrs||US$199.55k||0.0035% $287.8k|
|Independent Director||19.6yrs||US$182.05k||0.030% $2.4m|
|Lead Director||0yrs||US$235.55k||0.039% $3.2m|
|Independent Director||11.4yrs||US$180.05k||0.025% $2.0m|
|Independent Director||3.4yrs||US$180.05k||0.0035% $287.8k|
|Independent Director||15.1yrs||US$225.55k||0.0011% $93.5k|
|Independent Director||11.4yrs||US$199.55k||0.000050% $4.1k|
|Independent Director||3.3yrs||US$204.05k||no data|
Experienced Board: CA3's board of directors are seasoned and experienced ( 11.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CA3 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Comerica Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Comerica Incorporated
- Ticker: CA3
- Exchange: DB
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$8.831b
- Listing Market Cap: US$8.130b
- Shares outstanding: 141.35m
- Website: https://www.comerica.com
Number of Employees
- Comerica Incorporated
- Comerica Bank Tower
- 1717 Main Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CMA||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|CA3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
|0I1P||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1969|
|C1MA34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business 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 provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers 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 provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona and Florida, as well as in 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 21:05|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.