$1.81 EPS Expected for Comerica Incorporated (CMA)

September 16, 2018 - By Elizabeth Bryant

Comerica Incorporated (NYSE:CMA) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.03, from 0.99 in 2018Q1. It improved, as 38 investors sold Comerica Incorporated shares while 178 reduced holdings. 69 funds opened positions while 151 raised stakes. 134.50 million shares or 1.01% less from 135.88 million shares in 2018Q1 were reported.
112 are held by Parkside Bankshares And. Smith Chas P And Assocs Pa Cpas holds 2,455 shares or 0.03% of its portfolio. Andra Ap owns 71,100 shares. Brown Brothers Harriman And Communications stated it has 0% in Comerica Incorporated (NYSE:CMA). Prospector Prtn Ltd Company holds 13,300 shares or 0.17% of its portfolio. Bank & Trust Of Montreal Can holds 0.06% of its portfolio in Comerica Incorporated (NYSE:CMA) for 801,824 shares. Wetherby Asset Mngmt owns 5,375 shares for 0.07% of their portfolio. Sigma Planning Corporation has 4,569 shares. Acadian Asset Mngmt Ltd Llc has 830 shares. Highland Capital Mgmt Ltd Partnership holds 0.08% or 16,000 shares in its portfolio. Hanson Mcclain Inc, California-based fund reported 7 shares. Tower Bridge owns 9,520 shares. Csat Invest Advisory Ltd Partnership reported 107 shares. Nbw Capital Limited Liability holds 0.99% in Comerica Incorporated (NYSE:CMA) or 38,093 shares. Texas Permanent School Fund holds 0.05% of its portfolio in Comerica Incorporated (NYSE:CMA) for 41,956 shares.

Since May 11, 2018, it had 0 insider purchases, and 3 sales for $7.12 million activity. The insider Guilfoile Peter William sold $108,533.

Analysts expect Comerica Incorporated (NYSE:CMA) to report $1.81 EPS on October, 16.They anticipate $0.54 EPS change or 42.52 % from last quarter’s $1.27 EPS. CMA’s profit would be $310.24M giving it 12.87 P/E if the $1.81 EPS is correct. After having $1.90 EPS previously, Comerica Incorporated’s analysts see -4.74 % EPS growth. The stock increased 0.19% or $0.18 during the last trading session, reaching $93.19. About 1.65 million shares traded. Comerica Incorporated (NYSE:CMA) has risen 37.21% since September 17, 2017 and is uptrending. It has outperformed by 21.59% the S&P500.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 17 analysts covering Comerica (NYSE:CMA), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Comerica had 27 analyst reports since March 22, 2018 according to SRatingsIntel. As per Friday, July 20, the company rating was maintained by Citigroup. Jefferies maintained Comerica Incorporated (NYSE:CMA) on Wednesday, April 4 with “Buy” rating. RBC Capital Markets maintained the shares of CMA in report on Wednesday, July 18 with “Outperform” rating. On Tuesday, April 17 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Susquehanna maintained Comerica Incorporated (NYSE:CMA) rating on Tuesday, April 10. Susquehanna has “Hold” rating and $9900 target. The stock of Comerica Incorporated (NYSE:CMA) has “Neutral” rating given on Friday, September 7 by Macquarie Research. Morgan Stanley maintained Comerica Incorporated (NYSE:CMA) rating on Friday, July 20. Morgan Stanley has “Equal-Weight” rating and $108 target. As per Wednesday, April 4, the company rating was maintained by Keefe Bruyette & Woods. Wells Fargo maintained Comerica Incorporated (NYSE:CMA) on Thursday, June 14 with “Market Perform” rating. The rating was maintained by Morgan Stanley on Thursday, July 26 with “Equal-Weight”.

Comerica Incorporated, through its subsidiaries, provides various financial services and products. The company has market cap of $15.97 billion. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management. It has a 17.43 P/E ratio. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities.

More news for Comerica Incorporated (NYSE:CMA) were recently published by: Benzinga.com, which released: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” on September 07, 2018. Seekingalpha.com‘s article titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” and published on September 14, 2018 is yet another important article.

Comerica Incorporated (NYSE:CMA) Institutional Positions Chart

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