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Comerica Inc Stock Research

CMA

41.30USD-3.22(-7.23%)Delayedas of 23 Mar 2023, 01:26 pm

Market Summary

USD41.30-3.22
Delayedas of 23 Mar 2023, 01:26 pm
-7.23%

CMA Alerts

CMA Stock Price

CMA RSI Chart

CMA Valuation

Market Cap

5.4B

Price/Earnings (Trailing)

4.7

Price/Sales (Trailing)

2.02

Price/Free Cashflow

8.48

CMA Price/Sales (Trailing)

CMA Profitability

Return on Equity

22.22%

Return on Assets

1.35%

Free Cashflow Yield

11.8%

CMA Fundamentals

CMA Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

84.81%

Revenue Q/Q

16.8%

CMA Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

53.51%

Earnings Q/Q

-0.28%

Price Action

52 Week Range

28.6896.63
(Low)(High)

Last 7 days

-33.4%

Last 30 days

-41.0%

Last 90 days

-29.6%

Trailing 12 Months

-50.7%

CMA Financial Health

Debt/Equity

0.58

Debt/Cashflow

0.21

CMA Investor Care

Dividend Yield

6.59%

Dividend/Share (TTM)

2.72

Buy Backs (1Y)

0.15%

Diluted EPS (TTM)

8.47

Peers (Alternatives to Comerica)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
376.8B
128.7B
-10.04% -0.72%
10
2.93
5.79% -22.05%
217.4B
95.0B
-20.08% -30.09%
7.9
2.29
6.55% -13.92%
140.5B
54.0B
-19.28% -21.00%
10.66
2.6
36.10% -38.82%
53.5B
17.9B
-27.81% -32.89%
9.18
2.98
33.05% -26.85%
50.3B
21.1B
-22.32% -30.61%
8.23
2.38
9.94% 6.78%
8.4B
2.7B
-36.60% -31.85%
9.37
3.14
24.33% -9.91%
MID-CAP
6.4B
1.5B
-19.15% -23.26%
11.11
4.36
46.29% 30.71%
6.4B
1.4B
-15.84% -11.84%
12.27
4.59
17.98% -15.83%
4.4B
1.4B
-29.93% -40.27%
7.8
3.18
33.23% 6.34%
4.2B
2.7B
-41.49% -51.97%
4.65
1.56
19.32% -19.66%
SMALL-CAP
2.1B
378.2M
-5.46% -7.67%
13.94
5.47
19.24% -3.63%
1.6B
541.8M
-14.17% -19.11%
22.59
3
22.45% -51.22%
1.4B
221.8M
-13.82% -20.18%
11.1
6.11
27.86% 41.07%
1.2B
716.1M
-19.52% -33.30%
5.53
1.69
26.40% 6.70%

Financials for Comerica

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue17.7%2,6722,2702,0091,9111,901
Interest Expenses12.9%2,4662,1851,9531,8571,844
Net Income11.9%1,1511,0299401,0071,168
Net Income Margin-5.0%0.43*0.45*0.47*0.53*-
Free Cahsflow35.7%638470279-235-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.5%85,40684,14386,88989,16594,616
    Cash Equivalents5.2%6,2825,9707,53313,55022,679
  Net PPE-2.9%400412422444454
Liabilities1.5%80,22579,07480,45482,12986,719
.    Short Term Borrowings532.1%3,211508---
  Long Term Debt0.3%3,0243,0162,6302,6822,796
Shareholder's Equity2.2%5,1815,0696,4357,0367,897
  Retained Earnings2.3%11,25811,00510,75210,58510,494
  Additional Paid-In Capital0.5%2,2202,2092,2042,1942,175
Accumulated Depreciation-999----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations35.7%638470279-235634
  Share Based Compensation13.2%60.0053.0051.0047.0041.00
Cashflow From Investing0.2%-9,952-9,975-8,205-2,4821,723
Cashflow From Financing12.7%-7,083-8,114-1,0421,3964,555
  Dividend Payments-0.3%353354357363369
  Buy Backs-53.8%43.0093.00310760729

Risks for CMA

What is the probability of a big loss on CMA?

70.4%


Probability that Comerica stock will be more than 20% underwater in next one year

53.5%


Probability that Comerica stock will be more than 30% underwater in next one year.

20%


Probability that Comerica stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CMA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Comerica was unfortunately bought at previous high price.

Drawdowns

Returns for CMA

Cumulative Returns on CMA

4.7%


10-Year Cumulative Returns

5.4%


7-Year Cumulative Returns

-11.6%


5-Year Cumulative Returns

8.7%


3-Year Cumulative Returns

What are the long-term rolling returns for CMA?

FIve years rolling returns for Comerica.

Annualized Returns

Which funds bought or sold CMA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-73.55
-72,548,800
24,015,200
0.03%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-56.26
-47,492,000
33,166,000
0.17%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
-1,842
23,158
0.01%
2023-03-01
Lakewood Asset Management LLC
new
-
267,000
267,000
0.22%
2023-02-28
Voya Investment Management LLC
added
2.31
-122,929
3,089,070
-%
2023-02-27
Parallax Volatility Advisers, L.P.
new
-
148,273
148,273
-%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-0.93
-831
7,169
-%
2023-02-24
NATIXIS
added
26.19
106,597
679,597
-%
2023-02-22
IMS Capital Management
new
-
254,030
254,030
0.16%
2023-02-22
CVA Family Office, LLC
sold off
-100
-3,000
-
-%

1–10 of 46

Latest Funds Activity

Are funds buying CMA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CMA
No. of Funds

Comerica News

Seeking Alpha

S&P, Dow turn negative as financial stocks weigh; Nasdaq still ....

Seeking Alpha,
15 minutes ago

TheStreet

Investopedia

InvestorsObserver

Schedule 13G FIlings of Comerica

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
13.03%
17,061,475
SC 13G/A
Feb 06, 2023
state street corp
5.97%
7,823,905
SC 13G/A
Feb 01, 2023
blackrock inc.
9.3%
12,167,743
SC 13G/A
Feb 10, 2022
state street corp
6.38%
8,368,694
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 09, 2022
vanguard group inc
11.82%
15,504,914
SC 13G/A
Feb 01, 2022
blackrock inc.
9.6%
12,617,507
SC 13G/A
Feb 11, 2021
american century investment management inc
0.44%
618,072
SC 13G/A
Feb 10, 2021
vanguard group inc
10.77%
14,977,562
SC 13G/A
Feb 08, 2021
state street corp
5.58%
7,758,216
SC 13G

CMA Fair Value

Recent SEC filings of Comerica

View All Filings
Date Filed Form Type Document
Mar 13, 2023
ARS
ARS
Mar 13, 2023
DEF 14A
DEF 14A
Mar 13, 2023
DEFA14A
DEFA14A
Mar 08, 2023
3
Insider Trading
Mar 08, 2023
3
Insider Trading
Mar 06, 2023
8-K
Current Report
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for CMA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
OBERG JAY K.
acquired
-
-
6,543
senior evp, chief risk officer
2023-02-28
OBERG JAY K.
sold (taxes)
-199,995
70.1
-2,853
senior evp, chief risk officer
2023-02-28
Sefzik Peter L
sold (taxes)
-185,905
70.1
-2,652
senior evp
2023-02-28
Bridges Wendy
sold (taxes)
-14,650
70.1
-209
evp
2023-02-28
CHAUSSE MELINDA A.
acquired
-
-
3,521
senior evp
2023-02-28
CARR JAMES MCGREGOR
acquired
-
-
14,434
executive vice pres.
2023-02-28
FARMER CURTIS C
sold (taxes)
-1,002,990
70.1
-14,308
chairman, president and ceo
2023-02-28
CHAUSSE MELINDA A.
sold (taxes)
-94,284
70.1
-1,345
senior evp
2023-02-28
Bridges Wendy
acquired
-
-
858
evp
2023-02-28
CARR JAMES MCGREGOR
sold (taxes)
-398,238
70.1
-5,681
executive vice pres.

1–10 of 50

Curtis C. Farmer
7610
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It 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 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. This segment also offers 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 provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also 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.

CMA Income Statement

2022-12-31
Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME   
Interest and fees on loans$ 2,153$ 1,594$ 1,773
Interest on investment securities414280291
Interest on short-term investments1052729
Total interest income2,6721,9012,093
INTEREST EXPENSE   
Interest on deposits10222101
Interest on short-term borrowings1701
Total interest on medium- and long-term debt[1]873580
Total interest expense20657182
Net interest income2,4661,8441,911
Provision for credit losses60(384)537
Net interest income after provision for credit losses2,4062,2281,374
NONINTEREST INCOME   
Card fees273298270
Fiduciary income233231209
Service charges on deposit accounts195195185
Commercial lending fees10910477
Derivative income1099967
Bank-owned life insurance474344
Letter of credit fees384037
Brokerage fees211421
Other noninterest income439991
Total noninterest income1,0681,1231,001
NONINTEREST EXPENSES   
Salaries and benefits expense1,2081,1331,019
Outside processing fee expense251266242
Occupancy expense175161156
Software expense161155154
Equipment expense505049
Advertising expense383535
FDIC insurance expense312233
Other noninterest expenses843966
Total noninterest expenses1,9981,8611,754
Income before income taxes1,4761,490621
Provision for income taxes325322124
Net Income1,1511,168497
Less income allocated to participating securities652
Preferred stock dividends232313
Net income attributable to common shares$ 1,122$ 1,140$ 482
Basic earnings per common share$ 8.56$ 8.45$ 3.45
Diluted earnings per common share$ 8.47$ 8.35$ 3.43
Cash dividends declared on common stock$ 356$ 365$ 378
Cash dividends declared per common share$ 2.72$ 2.72$ 2.72
[1]Includes the effects of hedging.

CMA Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and due from banks$ 1,758$ 1,236
Interest-bearing deposits with banks4,52421,443
Other short-term investments157197
Investment Securities, Available-for-sale19,01216,986
Commercial loans30,90929,366
Real estate construction loans3,1052,948
Commercial mortgage loans13,30611,255
Lease financing760640
International loans1,1971,208
Residential mortgage loans1,8141,771
Consumer loans2,3112,097
Total loans53,40249,285
Less allowance for loan losses(610)(588)
Net loans52,79248,697
Premises and equipment400454
Accrued income and other assets6,7635,603
Total assets85,40694,616
LIABILITIES AND SHAREHOLDERS' EQUITY  
Noninterest-bearing deposits39,94545,800
Money market and interest-bearing checking deposits26,29031,349
Savings deposits3,2253,167
Customer certificates of deposit1,7621,973
Other time deposits1240
Foreign office time deposits5150
Total interest-bearing deposits31,45236,539
Total deposits71,39782,339
Short-term borrowings3,2110
Accrued expenses and other liabilities2,5931,584
Total medium- and long-term debt3,0242,796
Total liabilities80,22586,719
Fixed rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000 liquidation preference per share: Authorized - 4,000 shares, Issued - 4,000 shares at 12/31/2022 and 12/31/2021394394
Common stock - $5 par value: Authorized - 325,000,000 shares; Issued - 228,164,824 shares1,1411,141
Capital surplus2,2202,175
Accumulated other comprehensive loss(3,742)(212)
Retained earnings11,25810,494
Less cost of common stock in treasury - 97,197,962 shares at 12/31/22 and 97,476,872 shares at 12/31/21(6,090)(6,095)
Total shareholders' equity5,1817,897
Total liabilities and shareholders' equity$ 85,406$ 94,616