This Is Too Hot For Comerica, Inc. (NYSE: CMA), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Comerica Bank Earns 2024 Top Workplaces USA Award by Energage.

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Stocks Info

As a NYSE listed company, CMA falls under the Financial sector while operating within the Banks – Regional industry segment. The current market capitalization of Comerica, Inc. is $7.10B. A total of 1.25 million shares were traded on the day, compared to an average of 2.20M shares.

In the most recent transaction, Bridges Wendy sold 3,034 shares of CMA for 52.74 per share on Feb 12 ’24. After the transaction, the EVP now owns 17,460 company shares. In a previous transaction on Jan 29 ’24, McKinney Cassandra M. sold 1,616 shares at 54.64 per share. CMA shares that EVP owns now total 8,314.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Comerica, Inc. pays an annual dividend of $2.84, resulting in a dividend yield of 5.30%, and it has a price to earnings (P/E) ratio of 8.30. CMA’s most recent ex-dividend date was 3/14/2024 when it declared a $0.71 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/1/2024 with an ex-dividend date of 12/14/2023. The CMA stock dividend was $0.71 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CMA has a high of $57.39 and a low of $28.40.

As of this writing, CMA has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.25 per share and a lower estimate of $0.97. The company reported an EPS of $1.84 in the last quarter, which was 8.90% higher than expectations of $1.69.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $45.58, while its Total Shareholder’s Equity was $7.90B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMA is Buy with a score of 3.57.

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