CMA

Analyst Rating: RBC Capital analyst Jon Arfstrom has maintained a Buy rating on Comerica (CMA) with a price target of $75.00, while the stock closed at $59.06.

Market Consensus: The general consensus among analysts is a Hold rating for Comerica, with an average price target of $69.93, despite Arfstrom's positive outlook.

Analyst Ratings Overview: Recent analysis of Comerica by 12 analysts shows a mix of ratings, with no bullish sentiments and a decline in average price targets from $74.92 to $71.42 over the last month, reflecting changing market perceptions.

Financial Performance Insights: Comerica demonstrates strong revenue growth at 5.5% and a net margin of 19.76%, but faces challenges with below-average return on equity (2.48%) and return on assets (0.21%), indicating potential operational inefficiencies.

Event Details: Comerica Bank and Iron Mountain will host the 13th annual Shred Day DFW on April 12, 2025, offering free shredding of sensitive documents while encouraging food and monetary donations for the North Texas Food Bank.

Community Impact: The event aims to raise awareness about identity theft prevention and environmental protection, having already recycled over 3.9 million pounds of paper and provided more than 646,000 meals to those in need since its inception.

Joe Ursuy's Recognition: Joe Ursuy, Executive Vice President at Comerica Bank, has been inducted into the National Waste & Recycling Association Hall of Fame Class of 2025 for his significant contributions and leadership in the waste and recycling industry over the past 25 years.

Comerica's Environmental Services Growth: Under Ursuy's leadership, Comerica's environmental services team has expanded its support for waste management and renewable energy businesses, establishing a strong national platform and enhancing client relationships through extensive industry knowledge.

Prom Dress Drive Announcement: Comerica Bank is hosting its seventh annual Prom Dress Drive from March 24 to April 18, encouraging donations of new or gently used dresses and accessories at nine banking centers in Metro Detroit to benefit local students through the nonprofit Jackets for Jobs.

Impact and Community Support: Last year's drive collected over 2,600 dresses, contributing to a total of more than 10,000 dresses over six years, helping teens experience prom with less financial stress and supporting their professional attire needs through Jackets for Jobs.

Shred Day Event: Comerica Bank and Iron Mountain will host a free document shredding event on April 5, 2025, at Comerica's Mangum Banking Center in Houston, encouraging guests to donate food or money to the Houston Food Bank while securely destroying sensitive documents.

Community Impact: Since its inception in 2013, Shred Day Houston has recycled over a million pounds of paper and provided more than 410,000 meals to local residents in need, highlighting the event's dual purpose of privacy protection and hunger relief.

Morgan Stanley's Price Target Adjustment: Morgan Stanley has lowered its price target for Comerica (CMA) from $71 to $63, maintaining an Equal Weight rating due to increased uncertainty and a slower economic growth outlook affecting Midcap Banks in North America.

Sector Challenges: The firm highlights that changes in trade and tariff policies, along with a decelerating economy and heightened policy uncertainty, are contributing to multiple price target reductions across the banking sector.

Court Ruling on CFPB Lawsuit: A federal judge in Texas denied the Consumer Financial Protection Bureau's request to pause its lawsuit against Comerica Bank, stating that the agency did not demonstrate any hardship justifying a stay.

Impact of Leadership Changes: The ruling comes amid broader efforts by the CFPB, which has faced challenges under the Trump administration, to either halt or dismiss several high-profile lawsuits as it transitions under new leadership.

Analyst Rating: Terry McEvoy from Stephens has maintained a Buy rating on Comerica (CMA) with a price target of $72.00, while the current analyst consensus is a Hold with an average price target of $70.56.

Company Overview: Comerica has a market cap of $7.82B and a P/E ratio of 11.89, with McEvoy achieving an average return of 7.8% and a 60.61% success rate on his stock recommendations.

Analyst Ratings Overview: Recent ratings for Comerica show a mix of bullish and bearish sentiments from 12 analysts, with an average price target of $72.58, reflecting a slight decrease from the previous target of $73.50.

Financial Performance Insights: Comerica demonstrates strong revenue growth at 5.5% and a net margin of 19.76%, but faces challenges with below-average return on equity (2.48%) and return on assets (0.21%).

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Capital One Options Trading: Capital One Financial Corp (COF) experienced significant options trading with 17,867 contracts, particularly for the $195 strike put option expiring on March 21, 2025, which saw 4,822 contracts traded.

Crane Co Options Trading: Crane Co (CR) also had notable options activity with 1,224 contracts traded, focusing on the $145 strike put option expiring on March 21, 2025, where 519 contracts were exchanged.

Dividend Predictability: Dividend amounts are unpredictable and fluctuate based on a company's profitability, as illustrated by Comerica, Inc.'s historical performance.

Investment Consideration: Analyzing past dividends can help assess the likelihood of maintaining a 5% annual yield, while opinions expressed do not necessarily represent Nasdaq's views.

Current Stock Status: Comerica, Inc. shares have entered oversold territory with an RSI of 26.3, indicating potential buying opportunities for investors as the stock price has fallen to $58.32 per share.

Dividend Yield Insight: The company's annualized dividend is $2.84 per share, providing a yield of 4.54% based on a recent share price of $62.62, making it attractive for dividend investors despite the recent price decline.

CFPB Enforcement Action: The U.S. Consumer Financial Protection Bureau (CFPB) has requested a federal court to stay its enforcement action against Comerica Bank, which was accused of failing to assist disabled and older individuals receiving federal benefits.

Legal Developments: The CFPB recently dropped five enforcement actions, including one against Capital One, while Comerica has filed a motion to dismiss the case, arguing that the CFPB overstepped its authority; this legal dispute remains ongoing in Texas federal court.

Comerica Hatch Detroit Contest: Applications are now open for the 2025 Comerica Hatch Detroit Contest, which offers $100,000 in startup funding and support services to entrepreneurs aiming to establish brick-and-mortar businesses in Detroit, Hamtramck, or Highland Park. The competition runs until April 4, with the winner announced on June 11.

Increased Support from Comerica Bank: Comerica Bank has increased its financial commitment to the Hatch Detroit program to a total of $200,000 this year, enhancing support for small business development in Detroit. Since its inception, the program has helped launch over 50 businesses, creating more than 500 jobs and investing over $7 million in the local economy.

Recognition of Comerica Bank: Comerica Bank has been awarded multiple accolades by Crisil Coalition Greenwich for its exceptional service to small businesses and middle market clients, highlighting its commitment to relationship banking.

Company Overview: Founded in 1849 and headquartered in Dallas, Comerica is one of the largest commercial financial holding companies in the U.S., with a focus on building client relationships and expanding its services across various states.

Dividend Declaration: Comerica Incorporated announced a quarterly cash dividend of $0.71 per share for common stock and $1,406.25 per share for Series A Non-Cumulative Perpetual Preferred Stock, both payable on April 1, 2025, to shareholders of record by March 14, 2025.

Company Overview: Comerica is a major financial services company based in Dallas, Texas, with a focus on commercial banking, retail banking, and wealth management, operating 380 banking centers across the U.S. and reporting total assets of $79.3 billion as of December 31, 2024.

Analyst Ratings: Barclays analyst Jason Goldberg maintains a Sell rating on Comerica (CMA) with a price target of $68.00, while the average analyst consensus suggests a Hold rating and a price target of $70.88.

Company Performance: Comerica reported a quarterly revenue of $797 million and a net profit of $184 million for the quarter ending September 30, showing a decline from the previous year's revenue of $896 million and net profit of $251 million, alongside negative insider sentiment regarding the stock.

Event Overview: Seven Metro Detroit small businesses will showcase their products at the SHOP313 Pop-Up Shops during a Pistons game on February 26, providing them with exposure and resources to engage with the community.

Featured Businesses: Notable participants include G.L.A.M. Body Scrubs, the 2024 Comerica Hatch Detroit Contest winner, and Busted Bra Shop, a successful alum from 2013, along with other local businesses focused on community service and engagement.