Comerica Incorporated (CMA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tr ...

Comerica Incorporated (CMA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

DALLAS, Oct. 22, 2024 /PRNewswire/ -- The American Bankers Association (ABA) recognized Comerica Bank for its impact in supporting Southern Dallas small businesses and nonprofits through Comerica BusinessHQ™, naming the program as a winner of this year's ABA Foundation Community Commitment Awards. BusinessHQ earned the Community Commitment Award in the category of Community & Economic Development, which will be presented during the ABA's Annual Convention on Tuesday, Oct. 29, in New York City.Comerica Busin ...

Core Insights - Comerica CMA reported adjusted earnings of $1.37 per share, exceeding market expectations of $1.16 per share [1] - Quarterly sales reached $81,000 million, compared to expectations of $811,617 million [1] - Following the earnings announcement, Comerica shares fell by 3.9% to $62.41 [1] Analyst Ratings and Price Targets - Barclays analyst Jason Goldberg maintained an Underweight rating and raised the price target from $56 to $66 [2] - JP Morgan analyst Anthony Elian maintained a Neutral rating and increased the price target from $65 to $70 [2] - Stephens & Co. analyst Terry McEvoy maintained an Overweight rating and boosted the price target from $64 to $70 [2] - Wells Fargo analyst Mike Mayo maintained an Underweight rating and raised the price target from $43 to $51 [2] - Truist Securities analyst Brandon King maintained a Hold rating and lifted the price target from $66 to $70 [2] - DA Davidson analyst Peter Winter maintained a Neutral rating and increased the price target from $64 to $68 [2] - Morgan Stanley analyst Manan Gosalia maintained an Equal-Weight rating and raised the price target from $63 to $67 [2] Consensus and Analyst Opinions - The consensus price target for Comerica Inc is $60.44 based on ratings from 26 analysts [3] - The highest price target is $75 issued by Wedbush on September 24, 2024, while the lowest is $43 from Truist Securities on October 23, 2023 [3] - Recent analyst ratings from Morgan Stanley, DA Davidson, and Truist Securities suggest an average price target of $68.33, indicating an implied upside of 9.12% for Comerica Inc [3] Analyst Trends - The analyst rating distribution shows a mix of Hold, Buy, and Underweight ratings, with a notable number of Hold ratings in recent months [4]

Comerica Incorporated (CMA) reported third-quarter 2024 adjusted earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.18. However, the bottom line plunged 25.5% from the prior-year quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results benefited from a rise in deposit balance and a strong capital position. However, a decline in net interest income (NII) and fee income, along with increased expenses, was a major headwind. Net income attributable t ...

Comerica Incorporated (NYSE:CMA) Q3 2024 Earnings Conference Call October 18, 2024 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curt Farmer - President, Chairman & Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Jon Arfstrom - RBC Capital Markets Bernard Von Gizycki - Deutsche Bank Ben Gerlinger - Citi Chris McGratty - KBW Samuel Varga - UBS M ...

Comerica Incorporated (CMA) reported $811 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 9.5%. EPS of $1.37 for the same period compares to $1.84 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $806.49 million, representing a surprise of +0.56%. The company delivered an EPS surprise of +16.10%, with the consensus EPS estimate being $1.18. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.10%. A quarter ago, it was expected that this company would post earnings of $1.19 per share when it actually produced earnings of $1.53, delivering a surprise of 28.57%. Over the last four quarters, the c ...

DALLAS, Oct. 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. WEBCAST / PRESENTATION: As previously announced, Comerica will host a conference call to review the third qu ...