Comerica Financials

CMA Stock  USD 71.09  2.19  3.18%   
Based on the key measurements obtained from Comerica's financial statements, Comerica may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Comerica's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 12.3 B, whereas Total Assets are forecasted to decline to about 59.4 B. Key indicators impacting Comerica's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.2453
Way Down
Slightly volatile
Return On Assets0.0120.0103
Fairly Up
Slightly volatile
Return On Equity0.140.1375
Fairly Up
Slightly volatile
Debt Equity Ratio1.551.5253
Fairly Up
Slightly volatile
Operating Income1.4 B1.4 B
Notably Up
Slightly volatile
Current Ratio2.842.9888
Notably Down
Pretty Stable
Investors should never underestimate Comerica's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Comerica's cash flow, debt, and profitability to make informed and accurate decisions about investing in Comerica.

Net Income

580.91 Million

  
Understanding current and past Comerica Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Comerica's financial statements are interrelated, with each one affecting the others. For example, an increase in Comerica's assets may result in an increase in income on the income statement.
Please note, the presentation of Comerica's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Comerica's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Comerica's management manipulating its earnings.

Comerica Stock Summary

Comerica competes with Western Alliance, KeyCorp, Truist Financial, Zions Bancorporation, and Huntington Bancshares. Comerica Incorporated, through its subsidiaries, provides various financial products and services. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas. Comerica operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 7432 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS2003401070
CUSIP200340107
LocationTexas; U.S.A
Business AddressComerica Bank Tower,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.comerica.com
Phone833 571 0486
CurrencyUSD - US Dollar

Comerica Key Financial Ratios

Comerica Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets73.4B88.1B94.6B85.4B85.8B59.4B
Net Debt1.5B(10.0B)(19.9B)(47M)269M255.6M
Retained Earnings9.5B9.6B10.5B11.3B11.7B12.3B
Cash5.8B15.8B22.7B6.3B9.5B10.0B
Other Assets36.0B34.9B30.2B53.7B(27.1B)(25.7B)
Net Receivables5.4B6.0B6.2B7.5B8.0B4.7B
Total Liab66.1B5.7B86.7B80.2B79.4B51.5B
Total Current Assets23.8B36.9B46.1B31.3B19.4B20.4B
Short Term Debt71M905M877M3.2B3.6B3.7B
Other Current Liab(71M)(905M)(877M)80.0B(3.6B)(3.4B)
Other Liab426M44M30M214M192.6M183.0M
Accounts Payable45M875M848M(40.0B)(32M)(30.4M)
Long Term Debt7.3B5.7B2.8B3.0B5.2B5.5B
Inventory(6.0B)(16.1B)(23.0B)(6.5B)(5.9B)(6.2B)
Treasury Stock(5.3B)(5.5B)(6.1B)(6.1B)(5.5B)(5.2B)
Intangible Assets2M1M642M667M114M130.5M
Net Tangible Assets7.3B7.7B6.9B4.8B4.3B5.6B
Long Term Debt Total7.3B5.7B2.8B3.0B2.7B3.7B
Capital Surpluse2.2B2.2B2.2B2.2B2.6B2.3B

Comerica Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense468M182M57M206M1.7B1.7B
Operating Income1.5B591M1.5B1.7B1.4B1.4B
Ebit1.5B621M1.5B1.5B1.1B1.4B
Ebitda1.6B729M1.6B1.6B1.2B1.5B
Net Income1.2B497M1.2B1.2B881M580.9M
Income Tax Expense334M117M322M325M263M220.5M
Total Revenue3.3B2.9B3.0B3.5B3.6B2.7B
Gross Profit3.3B2.9B3.0B3.5B5.3B2.7B
Income Before Tax1.5B591M1.5B1.5B1.1B888.0M
Tax Provision334M117M322M325M340M324.0M
Net Interest Income2.3B1.9B1.8B2.5B2.7B2.3B
Interest Income2.8B2.1B1.9B2.7B4.0B2.7B

Comerica Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash1.3B9.9B6.9B(16.4B)3.2B3.4B
Free Cash Flow1.0B849M564M556M1.1B780.8M
Depreciation114M108M99M92M87M105.3M
Other Non Cash Items55M526M(429M)(3M)45M42.8M
Dividends Paid402M383M392M376M394M250.6M
Capital Expenditures90M86M79M82M153M88.5M
Net Income1.2B474M1.2B1.2B881M633.0M
End Period Cash Flow5.8B15.8B22.7B6.3B9.5B10.0B
Investments(421M)(4.5B)1.8B(9.9B)355M372.8M
Net Borrowings727M(1.7B)2.8B3.7B4.3B4.5B
Change To Netincome97M446M(345M)30M27M25.7M

Comerica Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Comerica's current stock value. Our valuation model uses many indicators to compare Comerica value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Comerica competition to find correlations between indicators driving Comerica's intrinsic value. More Info.
Comerica is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.07  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Comerica is roughly  13.37 . At present, Comerica's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Comerica's earnings, one of the primary drivers of an investment's value.

Comerica Systematic Risk

Comerica's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Comerica volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Comerica correlated with the market. If Beta is less than 0 Comerica generally moves in the opposite direction as compared to the market. If Comerica Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Comerica is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Comerica is generally in the same direction as the market. If Beta > 1 Comerica moves generally in the same direction as, but more than the movement of the benchmark.

Comerica Thematic Clasifications

Comerica is part of several thematic ideas from Baby Boomer Prospects to FinTech. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Comerica Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Comerica's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Comerica growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.33)

At present, Comerica's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Comerica November 23, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Comerica help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Comerica. We use our internally-developed statistical techniques to arrive at the intrinsic value of Comerica based on widely used predictive technical indicators. In general, we focus on analyzing Comerica Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Comerica's daily price indicators and compare them against related drivers.

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When running Comerica's price analysis, check to measure Comerica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.
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