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CMA

Comerica NYSE:CMA Stock Report

Last Price

US$76.52

Market Cap

US$9.5b

7D

2.5%

1Y

3.9%

Updated

24 Jun, 2022

Data

Company Financials +
CMA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

CMA Stock Overview

Comerica Incorporated, through its subsidiaries, provides various financial products and services.

Comerica Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Comerica
Historical stock prices
Current Share PriceUS$76.52
52 Week HighUS$102.09
52 Week LowUS$63.07
Beta1.35
1 Month Change-3.34%
3 Month Change-21.15%
1 Year Change3.86%
3 Year Change5.34%
5 Year Change4.48%
Change since IPO611.81%

Recent News & Updates

Jun 07
Comerica (NYSE:CMA) Is Due To Pay A Dividend Of US$0.68

Comerica (NYSE:CMA) Is Due To Pay A Dividend Of US$0.68

Comerica Incorporated's ( NYSE:CMA ) investors are due to receive a payment of US$0.68 per share on 1st of July. This...

May 31

Comerica: Rosy Outlook For The Top Line Appears Priced-In

The commercial-loan-heavy loan book is quite rate-sensitive, which bodes well for the top line amid a rising interest-rate environment. Further provision reversals are likely as the reserve for loan losses appears somewhat excessive. The December 2022 target price suggests a small downside from the current market price. Further, CMA is offering a modest dividend yield.

Shareholder Returns

CMAUS BanksUS Market
7D2.5%3.7%6.6%
1Y3.9%-17.7%-18.5%

Return vs Industry: CMA exceeded the US Banks industry which returned -19.3% over the past year.

Return vs Market: CMA exceeded the US Market which returned -20.5% over the past year.

Price Volatility

Is CMA's price volatile compared to industry and market?
CMA volatility
CMA Average Weekly Movement5.1%
Banks Industry Average Movement3.8%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: CMA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CMA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18497,417Curt Farmerhttps://www.comerica.com

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

How do Comerica's earnings and revenue compare to its market cap?
CMA fundamental statistics
Market CapUS$9.54b
Earnings (TTM)US$979.00m
Revenue (TTM)US$3.17b

10.2x

P/E Ratio

1.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMA income statement (TTM)
RevenueUS$3.17b
Cost of RevenueUS$0
Gross ProfitUS$3.17b
Other ExpensesUS$2.19b
EarningsUS$979.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 20, 2022

Earnings per share (EPS)7.49
Gross Margin100.00%
Net Profit Margin30.91%
Debt/Equity Ratio42.3%

How did CMA perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMA?

Other financial metrics that can be useful for relative valuation.

CMA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does CMA's PE Ratio compare to its peers?

CMA PE Ratio vs Peers
The above table shows the PE ratio for CMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.6x

Price-To-Earnings vs Peers: CMA is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (18.6x).


Price to Earnings Ratio vs Industry

How does CMA's PE Ratio compare vs other companies in the U.S. Banks Industry?

Price-To-Earnings vs Industry: CMA is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is CMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: CMA is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).


Share Price vs Fair Value

What is the Fair Price of CMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CMA ($76.52) is trading below our estimate of fair value ($165.85)

Significantly Below Fair Value: CMA is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CMA is poor value based on its PEG Ratio (1.2x)


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Future Growth

How is Comerica forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMA's forecast earnings growth (8.6% per year) is above the savings rate (1.9%).

Earnings vs Market: CMA's earnings (8.6% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: CMA's earnings are forecast to grow, but not significantly.

Revenue vs Market: CMA's revenue (6.5% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: CMA's revenue (6.5% 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 (15.9%).


Discover growth companies

Past Performance

How has Comerica performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMA has high quality earnings.

Growing Profit Margin: CMA's current net profit margins (30.9%) are higher than last year (30.2%).


Past Earnings Growth Analysis

Earnings Trend: CMA's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: CMA's earnings growth over the past year (10.7%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: CMA earnings growth over the past year (10.7%) underperformed the Banks industry 20.7%.


Return on Equity

High ROE: CMA's Return on Equity (14.3%) is considered low.


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Financial Health

How is Comerica's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CMA's Assets to Equity ratio (12.7x) is moderate.

Allowance for Bad Loans: CMA has a sufficient allowance for bad loans (203%).

Low Risk Liabilities: 94% 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 (55%).

Low Risk Deposits: CMA's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: CMA has an appropriate level of bad loans (0.6%).


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Dividend

What is Comerica current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.55%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CMA's dividend (3.55%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: CMA's dividend (3.55%) is low compared to the top 25% of dividend payers in the US market (4.34%).


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

Earnings Coverage: With its reasonably low payout ratio (36.9%), 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 (32.3% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Curt Farmer (58 yo)

7.17yrs

Tenure

US$7,696,094

Compensation

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 ($USD7.70M) is about average for companies of similar size in the US market ($USD8.47M).

Compensation vs Earnings: Curt's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CMA's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: CMA's board of directors are seasoned and experienced ( 13.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Comerica Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Comerica Incorporated
  • Ticker: CMA
  • Exchange: NYSE
  • Founded: 1849
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$9.535b
  • Shares outstanding: 130.76m
  • Website: https://www.comerica.com

Number of Employees


Location

  • Comerica Incorporated
  • Comerica Bank Tower
  • 1717 Main Street
  • Dallas
  • Texas
  • 75201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.