$1.51 EPS Expected for Comerica Incorporated (CMA)

March 14, 2018 - By Hazel Jackson

 $1.51 EPS Expected for Comerica Incorporated (CMA)
Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.29, from 1.35 in 2017Q2. It dived, as 43 investors sold Comerica Incorporated shares while 147 reduced holdings. 50 funds opened positions while 152 raised stakes. 139.79 million shares or 2.40% less from 143.22 million shares in 2017Q2 were reported.
1.84 million are held by Retail Bank Of Ny Mellon Corporation. Panagora Asset Inc reported 12,162 shares or 0% of all its holdings. The New York-based New York State Teachers Retirement Sys has invested 0.06% in Comerica Incorporated (NYSE:CMA). Baldwin Brothers Ma accumulated 1,860 shares. Chevy Chase Tru Holdg Incorporated accumulated 156,286 shares. 45,625 were accumulated by Peapack Gladstone Fin. Lmr Ptnrs Limited Liability Partnership stated it has 8,013 shares or 0.07% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA). Natixis holds 0.1% in Comerica Incorporated (NYSE:CMA) or 139,411 shares. Westpac Corporation holds 10,112 shares. Utah Retirement Sys has invested 0.06% of its portfolio in Comerica Incorporated (NYSE:CMA). Glenmede Trust Na holds 0.17% or 514,426 shares. Arizona State Retirement Systems owns 152,165 shares for 0.14% of their portfolio. Sg Americas Securities Ltd Limited Liability Company accumulated 28,006 shares or 0.02% of the stock. Franklin Resources invested 0.01% in Comerica Incorporated (NYSE:CMA).

Since January 18, 2018, it had 0 insider buys, and 12 insider sales for $26.49 million activity. RITCHIE MICHAEL T had sold 4,000 shares worth $397,808 on Monday, February 26. Shares for $102,044 were sold by Guilfoile Peter William on Friday, February 2. On Tuesday, February 27 the insider Burkhart Megan D sold $463,258. Carr Muneera S sold $230,560 worth of stock. 11,293 shares were sold by Duprey David E, worth $1.08M. 2,571 shares were sold by Buchanan John D, worth $243,919 on Friday, January 26.

Analysts expect Comerica Incorporated (NYSE:CMA) to report $1.51 EPS on April, 17.They anticipate $0.49 EPS change or 48.04 % from last quarter’s $1.02 EPS. CMA’s profit would be $260.95 million giving it 16.46 P/E if the $1.51 EPS is correct. After having $1.28 EPS previously, Comerica Incorporated’s analysts see 17.97 % EPS growth. The stock decreased 1.41% or $1.42 during the last trading session, reaching $99.4. About 1.64M shares traded or 8.48% up from the average. Comerica Incorporated (NYSE:CMA) has risen 54.07% since March 14, 2017 and is uptrending. It has outperformed by 37.37% the S&P500.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 33 analysts covering Comerica Inc (NYSE:CMA), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. Comerica Inc had 128 analyst reports since July 20, 2015 according to SRatingsIntel. As per Wednesday, April 20, the company rating was maintained by JP Morgan. The rating was maintained by Jefferies on Tuesday, July 21 with “Hold”. Susquehanna maintained Comerica Incorporated (NYSE:CMA) on Tuesday, January 16 with “Hold” rating. The stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Jefferies on Friday, August 11. The stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Stephens on Tuesday, July 18. FBR Capital maintained the stock with “Buy” rating in Tuesday, January 16 report. The rating was downgraded by Bank of America to “Underperform” on Wednesday, June 29. Piper Jaffray maintained Comerica Incorporated (NYSE:CMA) rating on Friday, September 1. Piper Jaffray has “Hold” rating and $76.0 target. On Tuesday, October 6 the stock rating was downgraded by JP Morgan to “Neutral”. Sandler O’Neill maintained Comerica Incorporated (NYSE:CMA) rating on Monday, March 5. Sandler O’Neill has “Hold” rating and $103.0 target.

Comerica Incorporated, through its subsidiaries, provides various financial services and products. The company has market cap of $17.18 billion. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management. It has a 24.01 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 recent Comerica Incorporated (NYSE:CMA) news were published by: Nasdaq.com which released: “Comerica Incorporated (CMA) Ex-Dividend Date Scheduled for March 14, 2018” on March 13, 2018. Also Prnewswire.com published the news titled: “Morgan Rector to be Named Comerica Bank’s California Market President” on March 09, 2018. Prnewswire.com‘s news article titled: “Comerica’s Efforts In Sustainability Recognized With 2018 Climate Leadership Award” with publication date: March 02, 2018 was also an interesting one.

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