Comerica Incorporated, through its subsidiaries, provides various financial products and services.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$88.71|
|52 Week High||US$41.34|
|52 Week Low||US$89.04|
|1 Month Change||13.09%|
|3 Month Change||31.17%|
|1 Year Change||95.66%|
|3 Year Change||11.19%|
|5 Year Change||70.30%|
|Change since IPO||725.21%|
Recent News & Updates
Comerica: When Rates Go Up, This Bank Is Best-In-Class
If interest rates increase, Comerica’s higher than peer level of asset sensitivity should result in stronger earnings growth. Management sounded optimistic that core loan growth should start to materialize soon. Fee income (ex-mortgage) is improving with more business activity and higher card fees.
Comerica (NYSE:CMA) Has Re-Affirmed Its Dividend Of US$0.68
The board of Comerica Incorporated ( NYSE:CMA ) has announced that it will pay a dividend on the 1st of October, with...
Comerica (NYSE:CMA) Will Pay A Dividend Of US$0.68
Comerica Incorporated ( NYSE:CMA ) has announced that it will pay a dividend of US$0.68 per share on the 1st of...
Comerica: Commercial Loan Interest Picking Up, Rates Remain A Key Factor
The large majority of Comerica's second quarter earnings beat was fueled by lower provision expense (reserve releases), but there was some fee-driven pre-provision income upside. There was a little loan growth on an adjusted basis, and it seems like activity is picking up, with a stronger pipeline and improved activity in middle market and CRE. Higher rates remain a huge source of upside, as Comerica is one of the most rate-sensitive banks out there. With my current expectations, Comerica looks fairly valued to slightly undervalued, but a stronger economy that drives more loan growth and higher rates would lead to meaningful upside.
|CMA||US Banks||US Market|
Return vs Industry: CMA exceeded the US Banks industry which returned 73.9% over the past year.
Return vs Market: CMA exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: CMA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CMA's weekly volatility (4%) has been stable over the past year.
About the Company
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It 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, 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.
Comerica Fundamentals Summary
|CMA fundamental statistics|
Is CMA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CMA income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 19, 2022
|Earnings per share (EPS)||8.48|
|Net Profit Margin||33.39%|
How did CMA perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
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: CMA ($88.71) is trading below our estimate of fair value ($105.52)
Significantly Below Fair Value: CMA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CMA is good value based on its PE Ratio (10.5x) compared to the US Banks industry average (11.1x).
PE vs Market: CMA is good value based on its PE Ratio (10.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CMA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CMA is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).
How is Comerica forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMA's earnings are forecast to decline over the next 3 years (-9.4% per year).
Earnings vs Market: CMA's earnings are forecast to decline over the next 3 years (-9.4% per year).
High Growth Earnings: CMA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CMA's revenue (4% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: CMA's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMA's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Comerica performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMA has high quality earnings.
Growing Profit Margin: CMA's current net profit margins (33.4%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: CMA's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: CMA's earnings growth over the past year (110.4%) exceeds its 5-year average (6.8% per year).
Earnings vs Industry: CMA earnings growth over the past year (110.4%) exceeded the Banks industry 37.5%.
Return on Equity
High ROE: CMA's Return on Equity (14.6%) is considered low.
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
Financial Institutions Analysis
Asset Level: CMA's Assets to Equity ratio (12.1x) is moderate.
Allowance for Bad Loans: CMA has a sufficient allowance for bad loans (206%).
Low Risk Liabilities: 95% of CMA's liabilities are made up of primarily low risk sources of funding.
Loan Level: CMA has an appropriate level of Loans to Assets ratio (50%).
Low Risk Deposits: CMA's Loans to Deposits ratio (58%) is appropriate.
Level of Bad Loans: CMA has an appropriate level of bad loans (0.6%).
What is Comerica current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMA's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: CMA's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: CMA's dividends per share have been stable in the past 10 years.
Growing Dividend: CMA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.4%), CMA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CMA's dividends in 3 years are forecast to be well covered by earnings (40.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Curt Farmer (58 yo)
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 C...
CEO Compensation Analysis
Compensation vs Market: Curt's total compensation ($USD5.01M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
Experienced Management: CMA's management team is considered experienced (3.8 years average tenure).
Experienced Board: CMA's board of directors are seasoned and experienced ( 13.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Comerica Incorporated's employee growth, exchange listings and data sources
- Name: Comerica Incorporated
- Ticker: CMA
- Exchange: NYSE
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$11.622b
- Shares outstanding: 131.01m
- Website: https://www.comerica.com
Number of Employees
- Comerica Incorporated
- Comerica Bank Tower
- 1717 Main Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:11|
|End of Day Share Price||2021/10/25 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.