| Market cap | $8.64B |
|---|---|
| Enterprise value | $6.34B |
| Revenue | $3.313B |
|---|---|
| EBITDA | $991.000M |
| Income | $668.000M |
| Revenue Q/Q | -19.79% |
| Revenue Y/Y | -11.01% |
| P/E | 9.89 |
|---|---|
| Forward P/E | 4.98 |
| EV/Sales | 1.91 |
| EV/EBITDA | 6.40 |
| EV/EBIT | 7.03 |
| PEG | 0.32 |
| Price/Sales | 2.61 |
| P/FCF | 20.96 |
| Price/Book | 1.35 |
| Book/Share | 37.13 |
| Cash/Share | N/A |
| FCF yield | 4.77% |
| Volume | 1.316M / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | 5.06 |
|---|---|
| EPS Q/Q | 36.84% |
| Est. EPS Q/Q | 56.02% |
| Profit margin | 25.15% |
|---|---|
| Oper. margin | 27.23% |
| Gross margin | 100.00% |
| EBIT margin | 27.23% |
| EBITDA margin | 29.91% |
| Ret. on assets | 0.81% |
|---|---|
| Ret. on equity | 12.07% |
| ROIC | 1.34% |
| ROCE | 1.14% |
| Debt/Equity | 12.40 |
|---|---|
| Net debt/EBITDA | 11.40 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 2.55% |
|---|---|
| Beta | 1.57 |
| RSI | 53.05 |
|---|
| Insider ownership | 0.60% |
|---|---|
| Inst. ownership | 81.34% |
| Shares outst. | 132.587M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.23% |
| Short ratio | 1.87 |
| Dividend | $2.84 |
|---|---|
| Dividend yield | 5.69% |
| Payout ratio | 56.13% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 19 Jul 2024 |
Thursday, 30 May 2024
|
|
| Comerica Bank's 15th Annual Shred Day Moves to Farmington Hills on Saturday, June 15 | |
Sunday, 21 April 2024
|
|
| 10 Best Dividend Leaders to Buy According to Analysts | |
Thursday, 18 April 2024
|
|
| Stock Market Today: Dow Jones Up As Nvidia Tests Key Level, Taiwan Semiconductor Triggers Sell Rule | |
Thursday, 14 March 2024
|
|
| Comerica Bank Appoints Tim Maiden as Group Manager of Southern Dallas Business Banking Team | |
Sunday, 25 February 2024
|
|
| 13 Best Bank Stocks To Invest In For Long-Term | |
Tuesday, 23 January 2024
|
|
| Comerica Incorporated Q4 2023 Earnings Call Transcript | |
Friday, 12 January 2024
|
|
| Earnings Preview: Comerica Incorporated Q4 Earnings Expected to Decline | |
Monday, 8 January 2024
|
|
| Analysis-US regional bank profits to be squeezed by pressure to pay for deposits | |
Tuesday, 31 October 2023
|
|
| The Comerica Inc Company: A Short SWOT Analysis | |
Thursday, 12 October 2023
|
|
| Comerica and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K in Funding | |
Wednesday, 11 October 2023
|
|
| Comerica Inc : A Deep Dive into Its Performance Potential | |
Monday, 9 October 2023
|
|
| Higher Rates Have Bank Stocks on the Mat | |
Wednesday, 4 October 2023
|
|
| Comerica's 'Opportunity for All' Campaign Earns American Bankers Association's Brand Slam Award | |
Tuesday, 3 October 2023
|
|
| Learn, Connect, Grow & Celebrate at the Comerica Bank Women's Business Symposium on October 12 | |
Tuesday, 26 September 2023
|
|
| Comerica's Volunteerism Initiative Receives National Recognition During American Bankers Association Community Impact Awards | |
Sunday, 17 September 2023
|
|
| 14 Best Undervalued Stocks To Buy Now | |
Wednesday, 13 September 2023
|
|
| 15 Worst Performing Dividend Stocks YTD | |
Tuesday, 5 September 2023
|
|
| Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2023 Earnings | |
Thursday, 31 August 2023
|
|
| S&P Global Just Downgraded These 5 Banks. Here's What Investors Should Know. | |
Monday, 28 August 2023
|
|
| Comerica Inc : A Deep Dive into Its Potential Underperformance | |
Wednesday, 23 August 2023
|
|
| How Comerica is staying competitive in the war for talent | |
Tuesday, 22 August 2023
|
|
| Lowe's earnings, S&P downgrades U.S. banks, Arm IPO: 3 Things | |
Tuesday, 15 August 2023
|
|
| Why bond rating downgrades are the last thing banks need right now | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Cassandra M. Mc Kinney EVP | Sale 24 Apr 2024 | $382,382 |
| Wendy Bridges EVP | Sale 12 Feb 2024 | $160,013 |
| Cassandra M. Mc Kinney EVP | Sale 29 Jan 2024 | $88,298 |
| Christine M Moore EVP and General Auditor | Option 11 Jan 2024 | $109,170 |
| Cassandra M. Mc Kinney EVP | Sale 31 Jan 2023 | $26,317 |
| Cassandra M. Mc Kinney EVP | Sale 26 Jan 2023 | $237,343 |
| Wendy Bridges EVP | Sale 16 Nov 2022 | $320,495 |
| James Harry Weber Executive Vice President | Sale 10 Nov 2022 | $371,650 |
| Reginald M Jr Turner Director | Sale 28 Oct 2022 | $11,508 |
| Peter L Sefzik Senior EVP | Option 11 Aug 2022 | $394,518 |
| Wendy Bridges EVP | Sale 18 Feb 2022 | $103,158 |
Powered by
Robintrack.
Price target
Current $51.03
Average $45.52
Low $34
High $60
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +4.41% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 5.69% | Growth period | 14 years |
| Last dividend date | Yield 3 years | 4.95% | Growth 3 years | +1.45% | |
| Last dividend | Yield 5 years | 4.57% | Growth 5 years | +9.07% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Curtis Farmer (57) Executive Chairman of the Board since 2020 | 57 | 2020 | $5,012,500 |
| John Buchanan (56) Executive Vice President, Chief Legal Officer, and Corporate Secretary since 2016 | 56 | 2016 | $1,939,100 |
| Peter Sefzik (44) Executive Vice President and Business Bank since 2018 | 44 | 2018 | $1,820,870 |
| Jay Oberg (50) Executive Vice President and Chief Risk Officer since 2019 | 50 | 2019 | $1,772,990 |
| Curtis Chatman Farmer (58) Chairman, CEO, and Pres | 58 | $1,666,928 | |
| James McGregor Carr (53) Exec. VP and Exec. Director of Wealth Management | 53 | $1,473,486 | |
| James Herzog (57) Chief Financial Officer and Executive Vice President since 2020 | 57 | 2020 | $1,354,380 |
| John D. Buchanan (57) Exec. VP, Chief Legal Officer, and Corp. Sec. | 57 | $944,169 | |
| James J. Herzog (59) CFO and Exec. VP | 59 | $772,146 | |
| Megan D. Crespi (47) Exec. VP, Chief Enterprise Technology, and Operations Services Officer | 47 | $657,383 | |
| T. Kevin DeNicola (65) Independent Director since 2006 | 65 | 2006 | $259,844 |
| Richard Lindner (65) Independent Director since 2008 | 65 | 2008 | $244,553 |
| Reginald Turner (60) Independent Director since 2005 | 60 | 2005 | $234,844 |
| Michael Collins (68) Independent Director since 2016 | 68 | 2016 | $213,594 |
| Roger Cregg (63) Independent Director since 2006 | 63 | 2006 | $212,094 |
| Jacqueline Kane (67) Independent Director since 2008 | 67 | 2008 | $211,135 |
| Ximena Humrichouse (48) Independent Director since 2008 | 48 | 2008 | $208,094 |
| Michael Van de Ven (58) Independent Director since 2016 | 58 | 2016 | $196,094 |
| Barbara Smith (60) Independent Director since 2017 | 60 | 2017 | $196,094 |
| Robert Taubman (66) Independent Director since 2000 | 66 | 2000 | $187,094 |
| Mauricio Ortiz (41) Senior Vice President and Chief Accounting Officer since 2018 | 41 | 2018 | |
| James Weber (57) Executive Vice President and Chief Experience Officer since 2020 | 57 | 2020 | |
| Christine Moore (57) Executive Vice President and General Auditor since 2016 | 57 | 2016 | |
| Cassandra McKinney (59) Executive Vice President - Retail Bank since 2020 | 59 | 2020 | |
| Megan Crespi (46) Executive Vice President, Chief Enterprise Technology, and Operations Services Officer since 2020 | 46 | 2020 | |
| Melinda Chausse (54) Executive Vice President and Chief Credit Officer since 2020 | 54 | 2020 | |
| J. Greg Carr (52) Executive Vice President and Wealth Management since 2020 | 52 | 2020 | |
| Stanislava Kostova | 2020 | ||
| Megan Burkhart (48) Chief Human Resource Officer and Executive Vice President since 2010 | 48 | 2010 | |
| Cassandra M. McKinney (60) Exec. VP and Exec. Director of Retail Bank | 60 | ||
| Megan D. Burkhart (49) Exec. VP and Chief HR Officer | 49 | ||
| Mauricio A. Ortiz (42) Sr. VP and Chief Accounting Officer | 42 | ||
| Michele Lafonte Jones | |||
| Darlene P. Persons | |||
| Edward T. Gwilt |
comerica incorporated (nyse: cma) is a financial services company headquartered in dallas, texas, strategically aligned by the business bank, the retail bank, and wealth management. the business bank provides companies of all sizes with an array of credit and non-credit financial products and services. the retail bank delivers personalized financial products and services to consumers. wealth management serves the needs of high net worth clients and institutions. comerica’s nearly 9,000 colleagues focus on relationships, and helping people and businesses be successful. comerica operates in seven of the 10 largest u.s. cities, with 480 banking centers in its primary markets of texas, arizona, california, florida and michigan. select businesses operate in several other states, as well as in canada and mexico. comerica is among the 22 largest u.s. banking companies, with $69.2 billion in total assets at december 31, 2014. visit comerica's facebook page at facebook.com/comericacares or
- Finance > Regional Banks
- Comerica, Inc., Comerica Bank Tower, Dallas 75201, United States
- 214 462 6831
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +4.41% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 5.69% | Growth period | 14 years |
| Last dividend date | Yield 3 years | 4.95% | Growth 3 years | +1.45% | |
| Last dividend | Yield 5 years | 4.57% | Growth 5 years | +9.07% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $5,135 | $9,502 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $462 | $445 | |||
| Goodwill & intangible assets | |||||
| Total noncurrent assets | |||||
| Total investments | $66,743 | $68,693 | |||
| Total assets | $79,444 | $85,834 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $7,121 | $9,771 | |||
| Total liabilities | $73,394 | $79,428 | |||
| Stockholders' equity | |||||
| Retained earnings | $11,765 | $11,727 | |||
| Other stockholder equity | -$3,457 | -$3,048 | |||
| Total stockholder equity | $6,050 | $6,406 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $9,502 | $6,282 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $445 | $400 | ||
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | $68,693 | $71,961 | ||
| Total assets | $85,834 | $85,406 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $9,771 | $6,235 | ||
| Total liabilities | $79,428 | $80,225 | ||
| Stockholders' equity | ||||
| Retained earnings | $11,727 | $11,258 | ||
| Other stockholder equity | -$3,048 | -$3,742 | ||
| Total stockholder equity | $6,406 | $5,181 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $770 | $770 | |||
| Cost of revenue | |||||
| Gross profit | $770 | $770 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $404 | $418 | |||
| Total operating expenses | $603 | $718 | |||
| Operating income | $167 | $52 | |||
| Income from continuing operations | |||||
| EBIT | $167 | $52 | |||
| Income tax expense | $29 | $19 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $138 | $33 | |||
| Income (for common shares) | $131 | $27 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3,503 | $3,474 | ||
| Cost of revenue | ||||
| Gross profit | $3,503 | $3,474 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1,527 | $1,433 | ||
| Total operating expenses | $2,359 | $1,998 | ||
| Operating income | $1,144 | $1,476 | ||
| Income from continuing operations | ||||
| EBIT | $1,144 | $1,476 | ||
| Income tax expense | $263 | $325 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $881 | $1,151 | ||
| Income (for common shares) | $854 | $1,122 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $138 | $33 | |||
| Operating activities | |||||
| Depreciation | $22 | $23 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $27 | $8 | |||
| Total cash flows from operations | -$205 | $1,122 | |||
| Investing activities | |||||
| Capital expenditures | -$40 | -$60 | |||
| Investments | $1,772 | $1,755 | |||
| Total cash flows from investing | $1,739 | $1,715 | |||
| Financing activities | |||||
| Dividends paid | -$92 | -$97 | |||
| Sale and purchase of stock | -$1 | $8 | |||
| Net borrowings | -$2,565 | -$1,247 | |||
| Total cash flows from financing | -$5,901 | -$1,447 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$4,367 | $1,390 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $881 | $1,151 | ||
| Operating activities | ||||
| Depreciation | $87 | $92 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $52 | $60 | ||
| Total cash flows from operations | $1,251 | $638 | ||
| Investing activities | ||||
| Capital expenditures | -$153 | -$82 | ||
| Investments | $3,571 | -$9,914 | ||
| Total cash flows from investing | $3,494 | -$9,952 | ||
| Financing activities | ||||
| Dividends paid | -$371 | -$376 | ||
| Sale and purchase of stock | $1 | -$15 | ||
| Net borrowings | $3,504 | $3,711 | ||
| Total cash flows from financing | -$1,525 | -$7,083 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | $3,220 | -$16,397 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Everence Capital Management Inc |
Opened
|
4,480 | $225 |
| 2024 Q2 | Gamma Investing |
+27.41%
|
4,128 | $210,693 |
| 2024 Q2 | Versant Capital Management, Inc |
+2,723.33%
|
847 | $43,231 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
-1.57%
|
251 | $12,811 |
| 2024 Q2 | Quent Capital |
+0.27%
|
365 | $18,620 |
| 2024 Q1 | First Trust Advisors L.P. |
-70.62%
|
1,324,309 | $72,823,751 |
| 2024 Q1 | Azora Capital L.P. |
Opened
|
1,996,346 | $109,779,067 |
| 2024 Q1 | Vaughan Nelson Investment Management, L.P. |
+115.66%
|
1,815,236 | $99,819 |
| 2024 Q1 | Two Sigma Investments, L.P. |
Opened
|
899,509 | $49,464,000 |
| 2024 Q1 | Bank Of America Corp de/ |
+260.75%
|
1,125,394 | $61,885,398 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 12.22% | 16,201,170 | |
| Blackrock | 8.99% | 11,921,042 | |
| State Street Corp | 5.22% | 6,922,672 | |
| Invesco | 2.84% | 3,758,966 | |
| Morgan Stanley | 2.80% | 3,713,479 | |
| Alliancebernstein L.P. | 2.77% | 3,673,714 | |
| Charles Schwab Investment Management Inc | 2.52% | 3,343,131 | |
| Geode Capital Management | 2.27% | 3,005,229 | |
| North Reef Capital Management L.P. | 2.17% | 2,880,000 | |
| Dimensional Fund Advisors L.P. | 2.02% | 2,674,770 |
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