Comerica Inc. released its earnings results on Jan 19, 2023. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.551 by $0.029.

Is Comerica Inc. overvalued?

According to Wall Street analysts Comerica Inc.’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Comerica Inc. pay dividends?

Comerica Inc. pays a Quarterly dividend of $0.71 which represents an annual dividend yield of 6.37%. See more information on Comerica Inc. dividends here

What is Comerica Inc.’s EPS estimate?

Comerica Inc.’s EPS estimate is $2.37.

How many shares outstanding does Comerica Inc. have?

Comerica Inc. has 131,352,920 shares outstanding.

What happened to Comerica Inc.’s price movement after its last earnings report?

Comerica Inc. reported an EPS of $2.58 in its last earnings report, beating expectations of $2.551. Following the earnings report the stock price went up 5.907%.

Which hedge fund is a major shareholder of Comerica Inc.?

Among the largest hedge funds holding Comerica Inc.’s share is Moore Capital Management LP. It holds Comerica Inc.’s shares valued at 26M.

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Comerica Stock Smart Score

Neutral

Fundamentals

Return on Equity

17.51%

Trailing 12-Months

Asset Growth

-9.73%

Trailing 12-Months

The Comerica stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Comerica Inc.

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Business Bank, Retail Bank, Wealth Management, Finance, and Other. The Business Bank segment involves in the middle market businesses, multinational corporations, and governmental entities by offering various products and services such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication. The Retail Bank segment includes small business banking and personal financial services, which consist of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment comprises corporation's securities portfolio and asset and liability management activities. The Other category consists of income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.

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