Wedbush Research Analysts Cut Earnings Estimates for Comerica Incorporated (NYSE:CMA)

Comerica Incorporated (NYSE:CMA) – Analysts at Wedbush decreased their Q2 2025 earnings per share estimates for Comerica in a research report issued on Wednesday, October 9th. Wedbush analyst D. Chiaverini now expects that the financial services provider will earn $1.39 per share for the quarter, down from their prior forecast of $1.41. Wedbush has a “Outperform” rating and a $75.00 price objective on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.12 per share.

Comerica (NYSE:CMA) last released its quarterly earnings results on Friday, July 19th. The financial services provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.30. Comerica had a return on equity of 15.01% and a net margin of 12.15%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $812.79 million. During the same period in the prior year, the firm earned $2.01 earnings per share.

A number of other analysts have also weighed in on CMA. Bank of America lowered Comerica from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $55.00 to $52.00 in a research report on Monday. Evercore ISI upped their price objective on Comerica from $58.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on Comerica from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada cut their price objective on Comerica from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Finally, StockNews.com lowered Comerica from a “hold” rating to a “sell” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.62.

Comerica Stock Up 0.1 %

NYSE:CMA opened at $59.36 on Friday. Comerica has a 52 week low of $37.40 and a 52 week high of $61.84. The stock’s fifty day moving average is $56.71 and its two-hundred day moving average is $53.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.16 and a beta of 1.23.

Institutional Trading of Comerica

Several hedge funds and other institutional investors have recently bought and sold shares of CMA. Family Firm Inc. purchased a new stake in Comerica in the 2nd quarter worth approximately $37,000. UMB Bank n.a. boosted its holdings in shares of Comerica by 39.3% in the 2nd quarter. UMB Bank n.a. now owns 737 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 208 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Comerica by 2,723.3% in the 2nd quarter. Versant Capital Management Inc now owns 847 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 817 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of Comerica by 50.2% in the 1st quarter. Abich Financial Wealth Management LLC now owns 898 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Summit Securities Group LLC boosted its holdings in shares of Comerica by 22.4% in the 2nd quarter. Summit Securities Group LLC now owns 1,102 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 202 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comerica news, EVP Christine M. Moore sold 2,545 shares of Comerica stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $57.51, for a total value of $146,362.95. Following the completion of the sale, the executive vice president now directly owns 27,910 shares of the company’s stock, valued at approximately $1,605,104.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a $0.71 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.84 annualized dividend and a yield of 4.78%. Comerica’s payout ratio is currently 62.97%.

Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company 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, payment solutions, card services, 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.