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 Q2 SEC filings by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $321M | Put options by funds: $192M
6% less repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 190
2.47% less ownership
Funds ownership: 83.84% [Q1] → 81.37% (-2.47%) [Q2]
8% less funds holding
Funds holding: 548 [Q1] → 503 (-45) [Q2]
10% less capital invested
Capital invested by funds: $6.1B [Q1] → $5.5B (-$602M) [Q2]
44% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]
45% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 101
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
JP Morgan Steven Alexopoulos 73% 1-year accuracy 29 / 40 met price target | 4%upside $65 | Neutral Maintained | 9 Oct 2024 |
Goldman Sachs Ryan Nash 80% 1-year accuracy 20 / 25 met price target | 1%upside $63 | Buy Maintained | 7 Oct 2024 |
B of A Securities Ebrahim Poonawala 73% 1-year accuracy 11 / 15 met price target | 17%downside $52 | Underperform Downgraded | 7 Oct 2024 |
Evercore ISI Group John Pancari 77% 1-year accuracy 17 / 22 met price target | 2%upside $64 | In-Line Maintained | 2 Oct 2024 |
Morgan Stanley Manan Gosalia 79% 1-year accuracy 11 / 14 met price target | 1%upside $63 | Equal-Weight Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 7 articles about CMA published over the past 30 days