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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 16 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
26% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 70
19% more capital invested
Capital invested by funds: $5.66B [Q2] → $6.76B (+$1.1B) [Q3]
4% more funds holding
Funds holding: 503 [Q2] → 521 (+18) [Q3]
1.55% more ownership
Funds ownership: 83.74% [Q2] → 85.28% (+1.55%) [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: 148 | Existing positions reduced: 194
29% less call options, than puts
Call options by funds: $172M | Put options by funds: $242M
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
17%
downside
Avg. target
$71
13%
upside
High target
$85
36%
upside
16 analyst ratings
5 positive
31%
8 neutral
50%
3 negative
19%
UBS Nicholas Holowko 25% 1-year accuracy 2 / 8 met price target | 2%upside $64 | Sell Assumed | 17 Dec 2024 |
Compass Point David Rochester 57% 1-year accuracy 13 / 23 met price target | 28%upside $80 | Buy Maintained | 10 Dec 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 78% 1-year accuracy 14 / 18 met price target | 31%upside $82 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Scott Siefers 52% 1-year accuracy 13 / 25 met price target | 15%upside $72 | Neutral Maintained | 3 Dec 2024 |
Goldman Sachs Ryan Nash 46% 1-year accuracy 13 / 28 met price target | 36%upside $85 | Buy Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 15 articles about CMA published over the past 30 days
Neutral
Zacks Investment Research
1 week ago
Fed Turns Hawkish, Signals Fewer 2025 Cuts: What This Means for Banks
The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.
Neutral
Zacks Investment Research
1 week ago
Fewer Fed Rate Cuts Likely in 2025: What This Means for Banks
The Fed is likely to cut interest rates today for the third time in 2024. Yet, the outlook for the four rate cuts anticipated in 2025 remains uncertain.
Neutral
Business Wire
1 week ago
COMERICA INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Comerica Incorporated's Directors and Officers for Breach of Fiduciary Duties – CMA
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Comerica Incorporated (“Comerica”) (NYSE: CMA) breached their fiduciary duties to Comerica and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of Comerica's board of directors or senior management failed to manage Comerica in an acceptable manner, in breach of their fiducia.
Neutral
CNBC Television
2 weeks ago
The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
Matt McLennan, co-head of First Eagle's global value team, and Bill Adams, chief economist at Comerica, join CNBC's 'The Exchange' to discuss the Fed's path for rate cuts, what they see in recent economic data, and more.
Positive
24/7 Wall Street
2 weeks ago
Goldman Sachs Is Raising Price Targets on 4 Dividend Superstars for 2025
The artificial intelligence rally over the past two years, led by the so-called Magnificent 7, has been remarkable if you owned those stocks.
Positive
Zacks Investment Research
2 weeks ago
Best Income Stocks to Buy for December 10th
WTBA, CMA and MS made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 10, 2024.
Positive
Zacks Investment Research
2 weeks ago
Best Value Stocks to Buy for December 10th
PLBC, CMA and POWL made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 10, 2024.
Negative
Zacks Investment Research
2 weeks ago
Comerica's Unit Sued on Failing to Administer Federal Benefits Program
CMA's subsidiary Comerica Bank is sued by CFPB over the allegation of mishandling millions of Direct Express cardholders receiving federal benefits.
Positive
24/7 Wall Street
2 weeks ago
6 Passive Income Dividend Stocks May Explode Higher in 2025 When President Trump Takes Office
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
Neutral
PRNewsWire
2 weeks ago
Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
Charts implemented using Lightweight Charts™