News articles about Comerica (NYSE:CMA) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Comerica earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.6510945537359 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Comerica Incorporated (CMA) Expected to Post Earnings of $1.45 Per Share (americanbankingnews.com)
- Comerica (CMA) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Comerica Incorporated (CMA) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Comerica Incorporated (CMA) Ex-Dividend Date Scheduled for March 14, 2018 – Nasdaq (nasdaq.com)
- Comerica (CMA) PT Raised to $104.00 at Bank of America (americanbankingnews.com)
CMA has been the subject of several research reports. Zacks Investment Research upgraded Comerica from a “hold” rating to a “strong-buy” rating and set a $104.00 price objective for the company in a research note on Wednesday, January 10th. BMO Capital Markets reiterated a “buy” rating and set a $116.00 price objective on shares of Comerica in a research note on Wednesday, March 7th. Wedbush boosted their price objective on Comerica from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, March 5th. Vining Sparks reiterated a “buy” rating and set a $97.50 price objective on shares of Comerica in a research note on Tuesday, January 16th. Finally, Sanford C. Bernstein set a $99.00 price objective on Comerica and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Comerica currently has an average rating of “Hold” and an average price target of $93.27.
Comerica (NYSE:CMA) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Comerica had a return on equity of 10.94% and a net margin of 22.47%. The business had revenue of $830.00 million during the quarter, compared to analyst estimates of $819.30 million. During the same period in the prior year, the business earned $0.92 earnings per share. equities research analysts forecast that Comerica will post 6.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, March 14th. Comerica’s dividend payout ratio is presently 29.06%.
In related news, EVP Michael T. Ritchie sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $99.45, for a total value of $397,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Curtis C. Farmer sold 18,870 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $96.08, for a total value of $1,813,029.60. The disclosure for this sale can be found here. Insiders sold 272,006 shares of company stock worth $26,250,992 over the last quarter. 1.10% of the stock is currently owned by insiders.
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Comerica Company Profile
Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering 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.
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