Stock Analysis Report

Header cover image

Executive Summary

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

Snowflake Analysis

Flawless balance sheet 6 star dividend payer.

Similar Companies

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: CMA has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: CMA underperformed the US Banks industry which returned -27.1% over the past year.

Return vs Market: CMA underperformed the US Market which returned 19.9% over the past year.

Shareholder returns

7 Day-2.6%-3.5%-1.2%
30 Day2.6%1.0%5.8%
90 Day12.0%-0.2%8.1%
1 Year-32.2%-36.4%-25.4%-28.0%22.3%19.5%
3 Year-40.4%-46.9%-18.0%-24.9%43.6%34.0%
5 Year14.0%-2.0%17.5%2.9%87.3%66.1%

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


Is Comerica undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CMA ($41.69) is trading above our estimate of fair value ($29.07)

Significantly Below Fair Value: CMA is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: CMA's PE Ratio (9.8x) is in line with the US Banks industry average.

PE vs Market: CMA is good value based on its PE Ratio (9.8x) compared to the US market (19x).

Price to Earnings Growth Ratio

PEG Ratio: CMA is good value based on its PEG Ratio (0.3x)

Price to Book Ratio

PB vs Industry: CMA's PB Ratio (0.8x) is in line with the US Banks industry average.

Next Steps

Future Growth

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: CMA's forecast earnings growth (32.3% per year) is above the savings rate (2.2%).

Earnings vs Market: CMA's earnings (32.3% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CMA's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: CMA's revenue is forecast to decline over the next 3 years (-0.5% 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 (7.3%).

Next Steps

Past Performance

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 (23.9%) are lower than last year (37.6%).

Past Earnings Growth Analysis

Earnings Trend: CMA's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: CMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CMA had negative earnings growth (-52%) over the past year, making it difficult to compare to the Banks industry average (-3%).

Return on Equity

High ROE: CMA's Return on Equity (7.8%) is considered low.

Next Steps

Financial Health

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

Balance Sheet

Financial Institutions Analysis

Asset Level: CMA's Assets to Equity ratio (10.8x) is moderate.

Allowance for Bad Loans: CMA has a sufficient allowance for bad loans (372%).

Low Risk Liabilities: 88% 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 (62%).

Low Risk Deposits: CMA's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: CMA has an appropriate level of bad loans (0.5%).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CMA's dividend (6.52%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: CMA's dividend (6.52%) is in the top 25% of dividend payers in the US market (4.66%)

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 reasonable payout ratio (63.7%), CMA's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: CMA's dividends in 3 years are forecast to be covered by earnings (72.4% payout ratio).

Next Steps


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


Average management tenure


Curt Farmer (57 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 E ...

CEO Compensation Analysis

Compensation vs Market: Curt's total compensation ($USD5.01M) is below average for companies of similar size in the US market ($USD7.31M).

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

Leadership Team

Curtis Farmer
Executive Chairman1.5yrsUS$5.01m0.095%
$ 5.5m
James Herzog
CFO & Executive VP1.08yrsUS$1.35m0.0047%
$ 275.3k
John Buchanan
Executive VP of Legal & Regulatory Affairs and Corporate Secretary4.75yrsUS$1.94m0.027%
$ 1.6m
Peter Sefzik
Executive VP & Executive Director of Commercial Bank2.25yrsUS$1.82m0.013%
$ 752.4k
Jay Oberg
Executive VP & Chief Risk Officer1.75yrsUS$1.77m0.019%
$ 1.1m
Edward Gwilt
SVP of Asset Quality Reviewno datano datano data
Megan Crespi
Executive VP and Chief Enterprise Technology & Operations Services Officer0.58yrno datano data
Mauricio Ortiz
Senior VP & Chief Accounting Officer2.75yrsno data0.0039%
$ 224.3k
Darlene Persons
Director of Investor Relations14.25yrsno datano data
Megan Burkhart
Executive VP & Chief HR Officer10.75yrsno data0.024%
$ 1.4m
Michele Jones
Senior Vice President and Alternate Group Manager - Energy Finance Group15.92yrsno datano data
Cassandra McKinney
Executive VP & Executive Director of Retail Bank15.08yrsno data0.0058%
$ 337.4k


Average Tenure


Average Age

Experienced Management: CMA's management team is considered experienced (2.8 years average tenure).

Board Members

Curtis Farmer
Executive Chairman1.5yrsUS$5.01m0.095%
$ 5.5m
T. DeNicola
Independent Director13.83yrsUS$259.84k0.0047%
$ 273.0k
Roger Cregg
Independent Director13.83yrsUS$212.09k0.0036%
$ 208.7k
Robert Taubman
Independent Director20.25yrsUS$187.09k0.034%
$ 2.0m
Richard Lindner
Lead Independent Directorno dataUS$244.55k0.044%
$ 2.5m
Jacqueline Kane
Independent Director12.08yrsUS$211.14k0.029%
$ 1.7m
Michael Van de Ven
Independent Director4.08yrsUS$196.09k0.0036%
$ 208.7k
Reginald Turner
Independent Director15.75yrsUS$234.84k0.0012%
$ 67.8k
Nina Vaca
Independent Director12.08yrsUS$208.09k0.000050%
$ 2.9k
Barbara Smith
Independent Director3.08yrsUS$196.09kno data
Michael Collins
Independent Director3.92yrsUS$213.59kno data


Average Tenure


Average Age

Experienced Board: CMA's board of directors are seasoned and experienced ( 12.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CMA insiders have only sold shares 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 company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Comerica Incorporated
  • Ticker: CMA
  • Exchange: NYSE
  • Founded: 1849
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$5.797b
  • Shares outstanding: 139.04m
  • Website: https://www.comerica.com

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMANYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
CA3DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
0I1PLSE (London Stock Exchange)YesCommon StockGBUSDJan 1969
C1MA34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLJan 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 s ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 05:58
End of Day Share Price2020/10/16 00:00
Annual Earnings2019/12/31

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.