Comerica (NYSE:CMA) Issues Earnings Results, Beats Expectations By $0.20 EPS

Comerica (NYSE:CMA) released its quarterly earnings data on Tuesday. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.26 by $0.20, FiscalAI reports. Comerica had a net margin of 14.91% and a return on equity of 10.69%.

Comerica Price Performance

Shares of NYSE CMA opened at $91.71 on Tuesday. The firm has a market capitalization of $11.72 billion, a P/E ratio of 17.50 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $85.39 and its two-hundred day simple moving average is $75.76. Comerica has a twelve month low of $48.12 and a twelve month high of $93.78.

Comerica Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, December 15th. Comerica’s dividend payout ratio is currently 54.20%.

Institutional Investors Weigh In On Comerica

Several hedge funds have recently bought and sold shares of CMA. JPL Wealth Management LLC purchased a new stake in shares of Comerica during the 3rd quarter valued at $27,000. Geneos Wealth Management Inc. increased its stake in Comerica by 41.8% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 176 shares during the last quarter. Triumph Capital Management purchased a new stake in Comerica during the third quarter valued at about $55,000. CIBC Private Wealth Group LLC lifted its stake in Comerica by 127.4% during the third quarter. CIBC Private Wealth Group LLC now owns 1,512 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 847 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Comerica by 105.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 952 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMA shares. Weiss Ratings cut shares of Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Morgan Stanley upgraded Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 target price on the stock in a research report on Tuesday, October 7th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, January 6th. Royal Bank Of Canada increased their price objective on Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 target price (up previously from $73.00) on shares of Comerica in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.56.

Comerica Company Profile

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.