Comerica
About: With assets of around $80 billion, Comerica is primarily a relationship-based commercial bank headquartered in Dallas. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.
Employees: 7,863
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 72
19% more capital invested
Capital invested by funds: $5.66B [Q2] → $6.76B (+$1.1B) [Q3]
3% more funds holding
Funds holding: 503 [Q2] → 518 (+15) [Q3]
1.52% more ownership
Funds ownership: 83.74% [Q2] → 85.25% (+1.52%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 193
29% less call options, than puts
Call options by funds: $172M | Put options by funds: $242M
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Baird David George 25% 1-year accuracy 1 / 4 met price target | 13%upside $80 | Outperform Maintained | 18 Nov 2024 |
Wells Fargo Mike Mayo 75% 1-year accuracy 21 / 28 met price target | 3%upside $73 | Equal-Weight Upgraded | 15 Nov 2024 |
Evercore ISI Group John Pancari 89% 1-year accuracy 32 / 36 met price target | 3%downside $69 | In-Line Maintained | 30 Oct 2024 |
Goldman Sachs Ryan Nash 72% 1-year accuracy 21 / 29 met price target | 0%downside $71 | Buy Maintained | 22 Oct 2024 |
Morgan Stanley Manan Gosalia 86% 1-year accuracy 18 / 21 met price target | 6%downside $67 | Equal-Weight Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 8 articles about CMA published over the past 30 days
