Comerica (NYSE:CMA) Issues Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Comerica (NYSE:CMA) announced its earnings results on Tuesday. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.18, FiscalAI reports. Comerica had a net margin of 15.07% and a return on equity of 10.92%. The firm had revenue of $850.00 million during the quarter, compared to analyst estimates of $851.32 million. During the same period in the prior year, the business earned $1.20 EPS.

Comerica Trading Up 5.5%

CMA stock opened at $98.59 on Thursday. Comerica has a 52 week low of $48.12 and a 52 week high of $98.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50-day simple moving average is $86.06 and its 200 day simple moving average is $76.12. The company has a market capitalization of $12.60 billion, a PE ratio of 18.64 and a beta of 1.03.

Comerica Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were paid a $0.71 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 2.9%. Comerica’s dividend payout ratio is 54.20%.

Institutional Investors Weigh In On Comerica

Institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC increased its position in shares of Comerica by 2.8% during the third quarter. Cresset Asset Management LLC now owns 5,073 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 139 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Comerica by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,272 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 159 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Comerica by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,245 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 165 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 worth $35,000 after acquiring an additional 176 shares during the period. Finally, NorthRock Partners LLC grew its holdings in Comerica by 3.9% during the 3rd quarter. NorthRock Partners LLC now owns 6,293 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 237 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMA has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $93.00 price objective (up from $73.00) on shares of Comerica in a research report on Friday, October 10th. Royal Bank Of Canada upped their price target on Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Jefferies Financial Group lifted their target price on Comerica from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. TD Cowen reissued a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. Finally, Weiss Ratings downgraded Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.56.

About Comerica

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.