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 6,823 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 65
20% more capital invested
Capital invested by funds: $5.68B [Q2] → $6.81B (+$1.14B) [Q3]
4% more funds holding
Funds holding: 503 [Q2] → 521 (+18) [Q3]
1.91% more ownership
Funds ownership: 84.01% [Q2] → 85.93% (+1.91%) [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
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$64
4%
downside
Avg. target
$73
10%
upside
High target
$82
24%
upside
10 analyst ratings
3 positive
30%
5 neutral
50%
2 negative
20%
Goldman Sachs Ryan Nash 56% 1-year accuracy 14 / 25 met price target | 7%upside $71 | Neutral Downgraded | 8 Jan 2025 |
JP Morgan Anthony Elian 64% 1-year accuracy 9 / 14 met price target | 5%upside $70 | Neutral Maintained | 7 Jan 2025 |
Barclays Jason Goldberg 69% 1-year accuracy 37 / 54 met price target | 2%upside $68 | Underweight Maintained | 6 Jan 2025 |
UBS Nicholas Holowko 63% 1-year accuracy 5 / 8 met price target | 4%downside $64 | Sell Assumed | 17 Dec 2024 |
Compass Point David Rochester 63% 1-year accuracy 15 / 24 met price target | 21%upside $80 | Buy Maintained | 10 Dec 2024 |
Financial journalist opinion
Based on 7 articles about CMA published over the past 30 days
Negative
Zacks Investment Research
1 day ago
Higher Expenses, Weak Asset Quality to Hurt Comerica's Q4 Earnings
CMA's fourth-quarter 2024 performance is likely to have been hurt by rising expenses and deteriorating asset quality.
Neutral
Accesswire
5 days ago
Comerica Stock Investors Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - NYSE: CMA
PHILADELPHIA, PA / ACCESS Newswire / January 16, 2025 / Kehoe Law Firm, P.C. is investigating whether certain executive officers or board members of Comerica Inc. (NYSE:CMA) failed to manage Comerica in an acceptable manner, in breach of their fiduciary duties to Comerica, and whether Comerica and its shareholders were harmed as a result.
Positive
Zacks Investment Research
5 days ago
Unveiling Comerica (CMA) Q4 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Comerica (CMA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Negative
Zacks Investment Research
6 days ago
Earnings Preview: Comerica Incorporated (CMA) Q4 Earnings Expected to Decline
Comerica (CMA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Market Watch
1 week ago
These two-dozen value stocks are poised to lead the stock market
Investors are realizing that they no longer can count on lower interest rates and inflation to support higher stock and bond prices.
Neutral
Business Wire
2 weeks ago
COMERICA INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Continues to Investigate 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.
Positive
Zacks Investment Research
2 weeks ago
Will Comerica (CMA) Beat Estimates Again in Its Next Earnings Report?
Comerica (CMA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
Zacks Investment Research
1 month 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 month 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 month 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.
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