Comerica Incorporated – Consensus points to potential upside of 9.3%
Comerica Incorporated with ticker code (CMA), 21 analysts have now covered the stock with a consensus rating of ‘buy’. The range between the high target price and the low target price is between 137 and 78, if we calculate the middle target price we have 106.02. Given that the shares’ previous close was 97.04, that would mean there is a potential upside of 9.3%. The 50-day MA is 94.24 and the 200-day moving average is 82.99. The company has a market capitalization of $12,470 million. For more information, visit: https://www.comerica.com
The potential market cap would be $13,625 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 home 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.