News articles about Comerica (NYSE:CMA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comerica earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.742241840696 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Thrivent Financial For Lutherans Lowers Its Holdings in Comerica Incorporated (CMA) Stock (footballhebdo.com)
- Thrivent Financial For Lutherans Sells A Lot More Comerica Incorporated (CMA) Stock (elcumanes.com)
- Comerica Incorporated (CMA) Coverage Initiated at Wells Fargo & Company (bulhufas.com)
- BidaskClub Lowers Comerica Incorporated (CMA) to Sell (campdesrecrues.com)
- Comerica Incorporated (CMA) Ownership Decreased by Thrivent Financial For Lutherans (overnewsmagazine.com)
Shares of Comerica (NYSE:CMA) traded down 0.85% during trading on Friday, hitting $70.21. 1,382,877 shares of the stock traded hands. The stock has a 50 day moving average of $73.06 and a 200 day moving average of $70.82. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 17.53 and a beta of 1.47. Comerica has a 52-week low of $45.14 and a 52-week high of $75.72.
Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.07. The business had revenue of $776 million for the quarter, compared to analyst estimates of $777.08 million. Comerica had a return on equity of 9.60% and a net margin of 23.22%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Analysts expect that Comerica will post $4.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Comerica’s previous quarterly dividend of $0.26. Comerica’s dividend payout ratio is currently 26.00%.
Comerica announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $605.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of research firms recently commented on CMA. Piper Jaffray Companies reiterated a “hold” rating and set a $76.00 price target on shares of Comerica in a report on Friday, July 28th. BidaskClub lowered shares of Comerica from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $81.00 price objective on shares of Comerica in a report on Thursday, June 8th. Zacks Investment Research upgraded shares of Comerica from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a report on Friday, April 21st. Finally, Stephens restated a “buy” rating and issued a $80.00 price objective on shares of Comerica in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $71.71.
Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering 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.
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