Comerica Inc (CMA)

CMA (NYSE:Banking) EQUITY
$42.28
pos +0.00
+0.00%
Today's Range: 41.71 - 42.44 | CMA Avg Daily Volume: 3,169,200
Last Update: 05/06/16 - 4:00 PM EDT
Volume: 926,612
YTD Performance: 1.08%
Open: $41.98
Previous Close: $42.28
52 Week Range: $30.48 - $53.45
Oustanding Shares: 175,133,972
Market Cap: 7,404,664,336
6-Month Chart
TheStreet Ratings Grade for CMA
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 2 2 2 2
Moderate Buy 2 2 1 1
Hold 13 11 11 12
Moderate Sell 0 1 1 1
Strong Sell 1 1 2 2
Mean Rec. 2.78 2.82 3.00 3.00
Latest Dividend: 0.22
Latest Dividend Yield: 2.08%
Dividend Ex-Date: 06/13/16
Price Earnings Ratio: 17.26
Price Earnings Comparisons:
CMA Sector Avg. S&P 500
17.26 17.20 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
22.30% -11.82% 14.05%
GROWTH 12 Mo 3 Yr CAGR
Revenue 8.30 0.10 0.02
Net Income -12.10 0.00 0.00
EPS -10.20 0.10 0.03
Earnings for CMA:
EBITDA 0.97B
Revenue 2.83B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $0.68 $0.74 $2.51 $3.21
Number of Analysts 12 11 14 14
High Estimate $0.72 $0.79 $2.65 $3.60
Low Estimate $0.60 $0.69 $2.40 $2.90
Prior Year $0.73 $0.74 $2.92 $2.51
Growth Rate (Year over Year) -7.31% -0.37% -13.94% 27.89%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Bullish
Apr 21, 2016 | 7:26 AM EDT
CMA was upgraded from Underperform to Neutral, Bank of America/Merrill Lynch said. $45 price target. Strategic review should support th...

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. Crude oil rose by $1.22 to $41.00. Nat gas was up by sixteen cents. Gold rose by $18.70 to $1,253. Silver was up by 70 cents. More upside action in agricultural chemicals, with Potash (POT) up $1.20. Wheat +11.50, corn +3.50, soybeans +28.50 and oats +5.25. Lumber was +6.40. Bonds dropped a bit in price, and were slightly higher in yield. The 10-year U.S. note yield rose by one basis point to 1.78% and the long bond by a similar amount and yields 2.59%. Municipals down slightly; closed-end muni funds' rapid advance dissipated late in the day ... finally! High yield was well-bid. iShares iBoxx High Yield Corporate Bond ETF (HYG) was up 36 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) was three cents lower; I am out of the name now. Banks exploded to the upside, led by JPMorgan Chase (JPM), Wells Fargo (WFC) and Comerica (CMA), all up by over a beaner. Life insurance advanced again, though my long Hartford Financial Services Group (HIG) lagged. Brokerages were up, led by Morgan Stanley (MS), up 64 cents, and Goldman Sachs (GS), up $3.65. Retail was quiet. Home Depot (HD) was a downside leader, off $1.50. Lowe's (LOW) was weak, too. Old tech got IBM'd, with IBM (IBM) down $8.50. Staples were broadly higher, led by long Procter & Gamble (PG), up 50 cents. Old media was mixed. Comcast (CMCSA) was lower but Disney (DIS) led the parade. Autos were strong, continuing the Barron's push over the past weekend. Ford (F) was up 15 cents and General Motors (GM) up 65 cents. Oils responded to better commodity pricing. Schlumberger (SLB) was the league leader, up $1.70. Biotech and the rest of the Nasdaq were conspicuously to the downside. iShares Nasdaq Biotechnology ETF (IBB) was down 1.66%. Allergan (AGN) is still recovering (up $4.50) and my former biotech basket got hit, but not materially so. (T)FANG weakness was also obvious, though Facebook (FB) had a late-day kick save. NOSH was mixed. So was CRABBY. In individual stocks, Twitter (TWTR) was a poor actor. On the other hand, fav long DuPont (DD) was strong, up $1.15. Here are some great posts on RealMoneyPro today: Some oil vey from Jim "El Capitan" Cramer.  Tim "Not Phil or Judy" Collins on some overnight trade ideas.  And also from Tim, some SPY-ing.  RevShark on
These underpriced stocks have averaged 17% annual returns since 1999.
Bank of America (BAC): $14.00 BB&T Corp. (BBT): $34.90 Citigroup (C): $44.10 Comerica (CMA): $39.75
The U.S. dollar weakened today. Government bonds dropped by two to three basis points in yield. The 10-year yields 1.83% and the long bond 2.66%. Municipals were flat, as was high yield. Blackstone/GSO Strategic Credit Fund (BGB) was up a few pennies. Crude oil rose by two cents to $34.68. Nat gas was two cents lower. In agricultural commodities, wheat rose by 8.50 and oats 7.00, but soybeans were only up 2.00 Corn was flat. Shares of Potash (POT) recently have benefited from higher ag prices. Gold ramped to $1,258, up $16.40). Silver was up 15 cents. Financials were firm, and bank stocks slightly higher (I reduced positions yesterday). Comerica (CMA) looks to be breaking out from its trading range, up $1.25 today. Life insurance stocks were well-bid. I shorted MetLife (MET) and Lincoln National (LNC) yesterday. Brokerages were stronger, led by long holding Goldman Sachs (GS). Morgan Stanley (MS) was flat. Old tech was mixed, with IBM (IBM) up and Microsoft (MSFT) down. Biotech returned to underperformance today, with Valeant Pharmaceuticals (VRX) and Allergan (AGN) very weak. I sold my entire Biotech Basket yesterday for a nice gain. In the basket, Aerie Pharmaceuticals (AERI), down 17%, and Celgene (CELG), down $1.71, led on downside while Interxon (XON) continued to gain after yesterday's outsize move higher. Retail was broadly higher; Best Ideas List stock Bed, Bath & Beyond (BBBY) was up almost 3%. Macy's (M) is back near its high and Best Buy (BBY) was trending higher as well. Media is well-bid. My shorts Comcast (CMCSA) and Disney (DIS) are higher. Consumer staples were mixed; Procter & Gamble (PG) was higher but Kimberly-Clark (KMB) lower. Autos are strong today, with Ford (F) up 25 cents and General Motors (GM) up 80 cents. (T)FANG might be flailing. Only Tesla (TSLA) is up on the day, but the losses have been contained. NOSH lower, led by Nike (NKE) to the downside. CRABBY was well-bid, with only Alleghany (Y) lower. Twitter (TWTR) continues its rise from sub-$14; it's now over $19. Starbucks (SBUX), a short, is off 70 cents. Blackstone Group (BX), though slightly lower, is holding on to its nice recent gains.  I re-shorted SLB and XOM and placed these energy names on my Best Ideas List as shorts. I sold Allstate (ALL) after a $9 move up from the market's recent lows.  I have increased my net short exposure today.

Today's Trades Real Money Pro($)

Reduced my bank longs across the board. Sold off my

I'm Bullish on Banks Real Money Pro($)

Banks. I'm long on Citigroup (C), Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC), Comerica (CMA), Fifth Third Bancorp (FITB), Southern National Bancorp of Virginia (SONA), Regions Financial (RF) and BB&T (BBT). I wouldn't chase these stocks here, but would buy on dips as a multi-year upside play. Brokerages. I currently own Morgan Stanley (MS) and Goldman Sachs (GS). These stocks are dirt cheap relative to their earnings power and tangible book v

That Damn Flat Yield Curve! Real Money Pro($)

The yield curve has collapsed to its flattest level since November 2007.
The S&P 500's fair-market value is approximately 1,860. The Federal Reserve won't increase the fed funds rate this year. The likely 2016-17 economic outlook is somewhere between "muddle along" and a "garden-variety recession." As such, I've boosted my view of the energy and consumer-staples sectors to "Neutral" from a previous "Negative." I've also improved my take on retail and health care/biotech to "Positive" from an earlier "Neutral." Basic Materials/Industrials The materials sector has recently rallied significantly from its near-term lows. This has coincided with a broad sense that commodities' extended drop might be coming to an end, and that global economic growth -- although substandard by historic comparisons -- will muddle along. Still, I wouldn't chase basic materials and industrials after their sharp gains of the past two weeks. After all, I still have a lower-than-consensus forecast for domestic and global growth (see my recent column Fire and Ice). Other unknown factors include future levels of both the U.S. dollar -- as a strengthening currency is competition costly -- and energy prices, as costlier oil and other commodities could be headwinds to margins. So, let's stay alert for those. The slowing, fragile trajectory of global growth in a world that's held hostage to terrorism, other potentially upsetting factors and "black swans" will also likely continue to pressure industrials. That said, several factors -- including the emergence of more activist investors and the sector's weak share prices vs. year-ago levels -- could limit industrials/materials' downside. I recently added cyclical exposure with a

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was quite strong, gaining a penny against the euro. A crude-centric stock market today. Crude oil stirred the market's drink with gains, spurred on by a rise of $1.84 per barrel to $31.43. Gold got hit by profit taking, selling off by almost $22 an ounce to $1,209. I was setting up for a buy near the bottom a month ago, but blew it as I couldn't process my analysis quick enough. Damn it! Silver lost 19 cents. Bond yields rose by about one to two basis points. The yield curve continued to flatten. Municipals were sold and closed-end muni bond funds got hit with profit taking after a reasonable run. High yield continues to show life; I like credit here. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 67 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 32 cents. Blackstone/GSO Strategic Credit Fund (BGB) inched up a nickel. It was ex-dividend on Friday. Banks were up nicely, with nice gains for Comerica (CMA), up 3.6%, and Wells Fargo (WFC), up 2%. Every holding (12 in total) was up on the day despite the low absolute level of 10-year U.S. note yields and the flattening yield curve. It was a tale of two cities for biotech, which generally underperformed.  Valeant Phamaceuticals (VRX) continued to get schmeissed after last week's brokerage downgrade, while Allergan (AGN) was up $10 on better results and guidance. Bill Ackman and John Paulson lost $450 million on VRX today. Life insurance continued its bounce from depressed levels of a week ago. Berkshire Hathaway (BRK.B) is back in my shorting zone. I remain long Hartford Financial Services Group (HIG), which is inching higher. My Biotech Basket excelled, with $1-plus upward moves in Celgene (CELG), Gilead Sciences (GILD) and Sage Therapeutics (SAGE). Retail was a high point, continuing last week's run higher.  Macy's (M), Best Buy (BBY) and Bed, Bath and Beyond (BBBY) had gains of more than 2%. Old tech was led by Microsoft (MSFT). Consumer staples were modestly higher, but underperformed as our currency strengthened. (T)FANG was the world's fair; all five components pushed forward. NOSH was tasty for the fourth day in a row. Starbucks (SBUX) is back into my shorting zone as well. CRABBY's six components were positive on the day.  United Technologies (UTX)/Honeywell (HON), the continuing saga (initiated by Honeywell). This started nearly 12 months ago. Apple (AAPL) was conspicuously weak. "Chief" Jay Somaney reports that  SMBC Nikko analyst Yukihiko Shimada cut his 2016 estimate for iPhone demand to 190 million units from 220 million. My "long" Trade of the Week was ProShares Ultrashort S&P500 ETF (SDS) -- a push today from my cost basis (I was a scale buyer, lower). I added to some long laggards Good stuff on Real Money Pro today from: Timothy "Not Phil or Judy" Collins, "A Painful Lesson on Short Puts"  I would add that I had three friends go bankrupt in the October 1987 crash when they adopted a strategy of shorting index puts. Read Tim, twice! Jeremy Lakosh's "Get Your Kicks with Philipps 66" goes Nat King Cole on us!  Ben "Chris" Cross discusses "Gold is Such a Momentum Trade Right Now"  RevShark on "

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