Here Are Some Essential Facts About Comerica

By Naomi Wentworth • Tuesday, August 15 09:47 • Permanent Link

One of the losers of today's trading session was Comerica. Shares of the Banking company plunged -4.6%, and some investors may be wondering if its price of $47.8 would make a good entry point. Here's what you should know if you are considering this investment:

Comerica has moved -43.0% over the last year, and the S&P 500 logged a change of 5.0%
CMA has an average analyst rating of buy and is -17.11% away from its mean target price of $57.67 per share
Its trailing earnings per share (EPS) is $9.58
Comerica has a trailing 12 month Price to Earnings (P/E) ratio of 5.0 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $6.35 and its forward P/E ratio is 7.5
The company has a Price to Book (P/B) ratio of 1.21 in contrast to the S&P 500's average ratio of 2.95
Comerica is part of the Finance sector, which has an average P/E ratio of 14.34 and an average P/B of 1.57
CMA has reported YOY quarterly earnings growth of 4.7% and gross profit margins of 0.0%
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.