-1.81%
5.79%
5.10%
26.99%
31.25%
-30.44%
6.61%
AI Spotlight on CMA
Company Description
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.
Market Data
| Last Price | 66.1 |
| Change Percentage | -1.81% |
| Open | 65.33 |
| Previous Close | 67.32 |
| Market Cap ( Millions) | 8693 |
| Volume | 682137 |
| Year High | 73.45 |
| Year Low | 45.32 |
| M A 50 | 65.59 |
| M A 200 | 58.0 |
Financial Ratios
| FCF Yield | 21.84% |
| Dividend Yield | 4.30% |
| ROE | 10.69% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -329.46% |
| Price To Book | 1.34 |
| Price Earnings Ratio | 12.59 |
| Price To FCF | 4.58 |
| Price To sales | 2.06 |
| EV / EBITDA | 30.4 |
News
- 11:00 - Freightos Welcomes CMA CGM AIR CARGO to Its Platforms With Key Tradelanes Capacity
- Jan -29 - Comerica Bank to Celebrate 10 Years of Making Teens' Prom Dreams Come True
- Jan -28 - Perseus Mining takes Final Investment Decision on Yaoure CMA Underground Project
- Jan -27 - Comerica: Deposit Pressures Reflected After A Mixed Q4 (Rating Upgrade)
- Jan -26 - Top Banks Blew Out Earnings: Buy the 4 Highest-Yielding Dividend Stocks Now
- Jan -22 - Comerica Q4 Earnings Miss Estimates on Lower NII, Fee Income Rises Y/Y
- Jan -22 - Compared to Estimates, Comerica (CMA) Q4 Earnings: A Look at Key Metrics
- Jan -22 - Comerica Incorporated (CMA) Q4 2024 Earnings Call Transcript
- Jan -22 - Comerica Incorporated (CMA) Misses Q4 Earnings Estimates
- Jan -22 - Comerica Reports Fourth Quarter and Full-Year 2024 Earnings Results
- Jan -22 - CMA chair replaced by Amazon staffer as Government emphasises growth
- Jan -20 - Higher Expenses, Weak Asset Quality to Hurt Comerica's Q4 Earnings
- Jan -16 - Comerica Stock Investors Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - NYSE: CMA
- Jan -16 - Unveiling Comerica (CMA) Q4 Outlook: Wall Street Estimates for Key Metrics
- Jan -14 - UK's CMA slaps Google Search and its 90%+ market share with an antitrust investigation
- Dec -19 - Fed Turns Hawkish, Signals Fewer 2025 Cuts: What This Means for Banks
- Dec -18 - Fewer Fed Rate Cuts Likely in 2025: What This Means for Banks
- Dec -16 - COMERICA INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Comerica Incorporated's Directors and Officers for Breach of Fiduciary Duties – CMA
- Dec -12 - The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
- Dec -10 - Goldman Sachs Is Raising Price Targets on 4 Dividend Superstars for 2025
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Commercial Bank
Expected Growth : 3.8 %
What the company do ?
Comerica Incorporated's Commercial Bank provides financial services to businesses, including cash and wealth management, lending, and investment solutions.
Why we expect these perspectives ?
Comerica Incorporated's 3.8% growth in Commercial Banking is driven by a strong loan portfolio, fueled by a robust economy, low unemployment, and increasing commercial activity. Additionally, the bank's strategic expansion into new markets, investments in digital transformation, and focus on customer relationships have contributed to its growth.
Segment n°2 -> Retail Bank
Expected Growth : 3.5 %
What the company do ?
Comerica's Retail Bank provides consumer and small business banking services, offering deposit and credit products, investment services, and mortgage loans to individuals and small businesses.
Why we expect these perspectives ?
Comerica's Retail Bank segment growth of 3.5% is driven by increasing consumer spending, low unemployment rates, and a growing presence in the Western US market. Additionally, the segment benefits from a strong deposit growth, fueled by a rise in non-interest bearing deposits and a focus on digital banking channels, resulting in improved customer acquisition and retention.
Segment n°3 -> Finance
Expected Growth : 4.2 %
What the company do ?
Comerica Incorporated's Finance segment provides financial services, including commercial lending, deposit taking, and investment services to small and middle-market businesses, multinational corporations, and governmental entities.
Why we expect these perspectives ?
Comerica's 4.2% growth is driven by a strong commercial loan portfolio, fueled by a robust economy and rising interest rates. Additionally, the company's focus on digital transformation and cost savings initiatives have improved operational efficiency, contributing to increased profitability.
Segment n°4 -> Wealth Management
Expected Growth : 4.5 %
What the company do ?
Comerica's Wealth Management provides investment, trust, and estate services to individuals, families, and institutions, helping them achieve their financial goals.
Why we expect these perspectives ?
Comerica's Wealth Management segment growth of 4.5% is driven by increasing demand for investment services, strategic acquisitions, and expansion of private banking capabilities. Additionally, the segment benefits from a strong market performance, leading to higher asset values and fees. Furthermore, Comerica's focus on digital transformation and client experience enhancements also contribute to the growth.
Segment n°5 -> Other
Expected Growth : 3.2 %
What the company do ?
The 'Other' segment from Comerica Incorporated refers to non-banking businesses, including investment banking, institutional trust, and asset management services.
Why we expect these perspectives ?
Comerica's 3.2% growth in 'Other' segment is driven by increasing treasury management fees, higher commercial card fees, and growth in interest rate swap fees. Additionally, the company's focus on digital transformation and strategic investments in technology have improved operational efficiency, contributing to the segment's growth.
Comerica Incorporated Products
| Product Range | What is it ? |
|---|---|
| Commercial Loans | Comerica provides a range of commercial loan options to help businesses achieve their goals, including term loans, lines of credit, and commercial mortgages. |
| Treasury Management | Comerica's treasury management services help businesses manage their cash flow, mitigate risk, and optimize their financial performance. |
| Merchant Services | Comerica's merchant services enable businesses to accept credit and debit card payments, providing a convenient and secure way to process transactions. |
| Wealth Management | Comerica's wealth management services provide investment and financial planning solutions to help individuals and families achieve their long-term financial goals. |
| Retail Banking | Comerica's retail banking services provide personal banking solutions, including checking and savings accounts, credit cards, and personal loans. |
| Mortgage Banking | Comerica's mortgage banking services provide a range of mortgage loan options, including fixed-rate and adjustable-rate mortgages, for homebuyers and homeowners. |
| Capital Markets | Comerica's capital markets services provide investment banking, equity and debt capital markets, and financial advisory services to corporations and institutions. |
Comerica Incorporated's Porter Forces
Threat Of Substitutes
Comerica Incorporated operates in the banking industry, which has a moderate threat of substitutes. While customers have some alternatives, such as credit unions and online banking platforms, they are not easily substitutable, and the switching costs are relatively high.
Bargaining Power Of Customers
Comerica Incorporated has a large customer base, which reduces the bargaining power of individual customers. Additionally, the banking industry is highly competitive, which makes it difficult for customers to negotiate better terms.
Bargaining Power Of Suppliers
Comerica Incorporated has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's large size and scale also give it negotiating power over its suppliers.
Threat Of New Entrants
The banking industry has high barriers to entry, including regulatory hurdles and capital requirements. This makes it difficult for new entrants to enter the market, reducing the threat of new entrants.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. Comerica Incorporated operates in a highly competitive market, which increases the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 60.40% |
| Debt Cost | 10.21% |
| Equity Weight | 39.60% |
| Equity Cost | 10.40% |
| WACC | 10.28% |
| Leverage | 152.53% |
Comerica Incorporated : Quality Control
Comerica Incorporated passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| KEY | KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer … |
| FHN | First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. … |
| WBS | Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in … |
| FNB | F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, … |
| ZION | Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company … |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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First Horizon
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Comerica
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FNB
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Zions Bank
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Webster
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