Comerica (CMA) Projected to Post Earnings on Friday

Comerica (NYSE:CMA) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $844.39 million for the quarter.

Comerica (NYSE:CMA) last issued its earnings results on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. Comerica had a return on equity of 11.59% and a net margin of 14.89%. The company had revenue of $829.00 million for the quarter, compared to analysts’ expectations of $839.31 million. During the same period last year, the business earned $1.29 EPS. On average, analysts expect Comerica to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Comerica Price Performance

Shares of CMA opened at $64.00 on Friday. Comerica has a 12-month low of $48.12 and a 12-month high of $73.45. The business’s fifty day moving average is $58.12 and its 200 day moving average is $59.55. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86. The stock has a market cap of $8.41 billion, a P/E ratio of 12.10 and a beta of 0.92.

Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 13th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, June 13th. Comerica’s dividend payout ratio is currently 53.69%.

Institutional Trading of Comerica

A number of hedge funds and other institutional investors have recently modified their holdings of CMA. Geneos Wealth Management Inc. increased its position in shares of Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 176 shares during the last quarter. Empowered Funds LLC increased its position in shares of Comerica by 12.6% during the first quarter. Empowered Funds LLC now owns 6,464 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 724 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Comerica by 60.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider’s stock worth $2,761,000 after acquiring an additional 17,552 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMA. JPMorgan Chase & Co. raised their price objective on Comerica from $52.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Morgan Stanley lowered Comerica from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $63.00 to $55.00 in a research report on Monday, April 7th. Citigroup raised their price objective on shares of Comerica from $54.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group began coverage on Comerica in a report on Wednesday, May 21st. They issued an “underperform” rating and a $47.00 price objective on the stock. Finally, Robert W. Baird reduced their target price on Comerica from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Comerica currently has a consensus rating of “Hold” and an average price target of $62.30.

Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.