Comerica Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $44.52
- Today's High:
- $46.45
- Open Price:
- $45.48
- 52W Low:
- $28.4
- 52W High:
- $83.988
- Prev. Close:
- $46.32
- Volume:
- 3790227
Company Statistics
- Market Cap.:
- $5.31 billion
- Book Value:
- 42.575
- Revenue TTM:
- $3.72 billion
- Operating Margin TTM:
- 45.66%
- Gross Profit TTM:
- $3.47 billion
- Profit Margin:
- 34.54%
- Return on Assets TTM:
- 1.43%
- Return on Equity TTM:
- 19.74%
Company Profile
Comerica Inc had its IPO on 1990-03-26 under the ticker symbol CMA.
The company operates in the Financial Services sector and Banks-Regional industry. Comerica Inc has a staff strength of 7,586 employees.
Stock update
Shares of Comerica Inc opened at $45.48 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $44.52 - $46.45, and closed at $45.47.
This is a -1.84% slip from the previous day's closing price.
A total volume of 3,790,227 shares were traded at the close of the day’s session.
In the last one week, shares of Comerica Inc have slipped by -6.63%.
Comerica Inc's Key Ratios
Comerica Inc has a market cap of $5.31 billion, indicating a price to book ratio of 1.8471 and a price to sales ratio of 2.5572.
In the last 12-months Comerica Inc’s revenue was $3.72 billion with a gross profit of $3.47 billion and an EBITDA of $0. The EBITDA ratio measures Comerica Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Comerica Inc’s operating margin was 45.66% while its return on assets stood at 1.43% with a return of equity of 19.74%.
In Q1, Comerica Inc’s quarterly earnings growth was a positive 74.5% while revenue growth was a positive 35%.
Comerica Inc’s PE and PEG Ratio
- Forward PE
- 6.9396
- Trailing PE
- 3.9627
- PEG
- 0.3155
Its diluted EPS in the last 12-months stands at $10.18 per share while it has a forward price to earnings multiple of 6.9396 and a PEG multiple of 0.3155. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Comerica Inc’s profitability.
Comerica Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.5572.
Comerica Inc stock pays annual dividends of $2.75 per share, indicating a yield of 7.44% and a payout ratio of 29.29%.
Balance sheet and cash flow metrics
- Total Assets
- $91.13 billion
- Total Liabilities
- $11.02 billion
- Operating Cash Flow
- $-1006000000.00
- Capital Expenditure
- $21 million
- Dividend Payout Ratio
- 29.29%
Comerica Inc ended 2024 with $91.13 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $91.13 billion while shareholder equity stood at $5.99 billion.
Comerica Inc ended 2024 with $0 in deferred long-term liabilities, $11.02 billion in other current liabilities, 1141000000.00 in common stock, $11.48 billion in retained earnings and $0 in goodwill. Its cash balance stood at $10.73 billion and cash and short-term investments were $29.38 billion. The company’s total short-term debt was $11,016,000,000 while long-term debt stood at $7.08 billion.
Comerica Inc’s total current assets stands at $37.21 billion while long-term investments were $18.65 billion and short-term investments were $18.65 billion. Its net receivables were $7.83 billion compared to accounts payable of $0 and inventory worth $0.
In 2024, Comerica Inc's operating cash flow was $-1006000000.00 while its capital expenditure stood at $21 million.
Comparatively, Comerica Inc paid $0.29 in dividends in 2024.
Other key metrics
- Current Trading Price
- $45.47
- 52-Week High
- $83.988
- 52-Week Low
- $28.4
- Analyst Target Price
- $57.65
Comerica Inc stock is currently trading at $45.47 per share. It touched a 52-week high of $83.988 and a 52-week low of $83.988. Analysts tracking the stock have a 12-month average target price of $57.65.
Its 50-day moving average was $48.82 and 200-day moving average was $52.22 The short ratio stood at 1.49 indicating a short percent outstanding of 0%.
Around 54.9% of the company’s stock are held by insiders while 8490.4% are held by institutions.
Frequently Asked Questions About Comerica Inc
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About
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, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services, as well as payment and card services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment offers products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services; and sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.