Comerica Incorporated – Consensus points to potential upside of 14.9%
Comerica Incorporated Found with ticker (CMA) now a total of 19 analysts have covered the stock. The consensus rating is buy. The price target is between 117 and 77 with a mean TP of 94.01. With the shares’ previous close at 81.82, this indicates a potential upside of 14.9%. The 50-day MA is 78.24, while the 200-day moving average is 85.51. The company has a market capitalization of $10,579 million. You can visit the company’s website at https://www.comerica.com
The potential market cap would be $12,156 million based on the market consensus.
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Comerica Incorporated, through its subsidiaries, offers various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management and Finance segments. The Commercial Bank segment provides various products and services, including commercial loans and lines of credit, deposits, cash management, capital markets products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to small and medium-sized businesses, multinational corporations, and government agencies. The retail banking segment provides personal financial services such as consumer lending, consumer deposit raising and mortgage lending. This segment also offers various consumer products, including deposit accounts, personal loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial micro-business products and services. The Wealth Management segment offers products and services encompassing trusteeship, private banking, retirement planning, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability and long-term care insurance products. The Finance segment deals with the securities portfolio and with asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.