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Last $47.10 USD
Change Today +1.12 / 2.44%
Volume 2.4M
CMA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

comerica inc (CMA) Snapshot

Open
$46.11
Previous Close
$45.98
Day High
$47.94
Day Low
$45.99
52 Week High
03/21/14 - $53.50
52 Week Low
01/20/15 - $40.09
Market Cap
8.4B
Average Volume 10 Days
1.2M
EPS TTM
$3.07
Shares Outstanding
178.4M
EX-Date
03/11/15
P/E TM
15.3x
Dividend
$0.80
Dividend Yield
1.68%
Current Stock Chart for COMERICA INC (CMA)

comerica inc (CMA) Related Businessweek News

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comerica inc (CMA) Details

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

8,499 Employees
Last Reported Date: 02/17/15
Founded in 1849

comerica inc (CMA) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Vice Chairman, Chief Financial Officer, Membe...
Total Annual Compensation: $606.0K
Vice Chairman, Member of Management Policy Co...
Total Annual Compensation: $631.0K
Vice Chairman of The Retail Bank & Wealth Man...
Total Annual Compensation: $611.0K
Executive Vice President and Member of Manage...
Total Annual Compensation: $581.7K
Compensation as of Fiscal Year 2013.

comerica inc (CMA) Key Developments

Comerica Incorporated Declares Quarterly Cash Dividend for Common Stock, Payable on April 1, 2015

The Board of Directors of Comerica Incorporated declared a quarterly cash dividend for common stock of 20 cents ($0.20) per share. The dividend is payable April 1, 2015, to common stock shareholders of record March 13, 2015.

Comerica Incorporated Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge Loan Charge-Offs for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Comerica Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $438 million against $456 million a year ago. Income before income taxes was $219 million against $167 million a year ago. Net income was $149 million against $117 million a year ago. Net income attributable to common shares was $148 million against $115 million a year ago. Earnings per diluted common share were $0.80 against $0.62 a year ago. Return on average common shareholders equity was 7.96% against 6.66% a year ago. Return on average assets was 0.86% against 0.72% a year ago. Net interest income increased $1 million to $415 million in the fourth quarter 2014, compared to $414 million in the third quarter 2014, primarily reflecting a $6 million increase in accretion on the acquired loan portfolio and higher loan volumes, partially offset by a $5 million increase in negative residual value adjustments to assets in the leasing portfolio. Net interest income after provision for losses was $413 million compared to $421 million a year ago. For the full year, the company reported total interest income of $1,750 million against $1,784 million a year ago. Income before income taxes was $870 million against $786 million a year ago. Net income was $593 million against $541 million a year ago. Net income attributable to common shares was $586 million against $533 million a year ago. Earnings per diluted common share were $3.16 against $2.85 a year ago. Return on average common shareholders equity was 8.05% against 7.76% a year ago. Return on average assets was 0.89% against 0.85% a year ago. 2014 net income increased 10% from a year ago, reflecting lower litigation-related expenses, a decrease in pension expense, and continued drive for efficiency. Net interest income was $1.7 billion for 2014 decreased by $17 million, or 1%, primarily as a result of a $15 million decrease in accretion of the purchase discount on the acquired loan portfolio. Net interest income after provision for losses was $1,628 million compared to $1,626 million a year ago. The company announced net charge-offs were $1 million, or 0.01% of average loans, in the fourth quarter 2014, compared to $3 million, or 0.03%, in the third quarter 2014. The company announced that management expectations for full-year 2015 compared to full-year 2014, assuming a continuation of the slow growing economy and low rate environment, are as follows: net interest income relatively stable, assuming no rise in interest rates, reflecting a decrease of about $30 million in purchase accounting accretion, to $4 million to $6 million, and the impact of a continuing low rate environment on asset yields, offset by earning asset growth. Income tax expense to approximate 33% of pre-tax income.

Comerica Incorporated(NYSE:CMA) added to S&P 500 Value Index

Comerica Incorporated(NYSE:CMA) added to S&P 500 Value Index

 

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Industry Analysis

CMA

Industry Average

Valuation CMA Industry Range
Price/Earnings 14.4x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 13.7x
TEV/Sales NM Not Meaningful
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