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Comerica Incorporated (CMA) |
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Price: $45.3000
$1.72 
3.947%
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| Day's High:
| $44.74
| Week Perf:
| 3.83 %
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| Day's Low: |
$ 44.20 |
30 Day Perf: |
17.05 % |
| Volume (M): |
106 |
52 Wk High: |
$ 77.34 |
| Volume (M$): |
$ 4,712 |
52 Wk Avg: |
$50.39 |
| Open: |
$43.34 |
52 Wk Low: |
$28.40 |
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| Market Capitalization (Millions $) |
6,007 |
| Shares
Outstanding (Millions) |
133 |
| Employees |
7,611 |
| Revenues (TTM) (Millions $) |
3,720 |
| Net Income (TTM) (Millions $) |
1,198 |
| Cash Flow (TTM) (Millions $) |
2,142 |
| Capital Exp. (TTM) (Millions $) |
0 |
Comerica Incorporated
Comerica Incorporated'is a financial services company, incorporated under the
laws of the State of Delaware, headquartered in Detroit, Michigan.'Comerica was
formed in 1973 to acquire the outstanding common stock of Comerica Bank (formerly
Comerica Bank-Detroit), one of Michigan's oldest banks ('Comerica Bank').
Company Address: 1717 Main Street, MC 6404 Dallas 75201 TX
Company Phone Number: 462-6831 Stock Exchange / Ticker: NYSE CMA
| CMA is expected to report next financial results on February 13, 2024. |
Next quarterly dividend pay out on January 01, 2024. |
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Customers Net Income fell by |
CMA's Customers Net Profit Margin fell to |
-15.49 % |
6.59 %
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| Stock Performances by Major Competitors |
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Pathward Financial Inc
Pathward Financial Inc, a prominent financial company, has showcased impressive growth during the July to September 2023 timeframe. With a 68.69% surge in bottom-line profits, the company's earnings reached $1.37 per share. In addition, Pathward Financial experienced a 20.72% increase in revenue, amounting to $151.94 million.
Compared to its counterparts in the Commercial Banks sector, Pathward Financial's growth in the fourth quarter of 2023 stands out. While the average revenue rise for other companies was 7.14% during the same period, Pathward Financial outperformed with a significant increase. The company did face a slight decline in sequential profits of -18.67% from $1.68 per share and a deterioration of -7.026% in revenue from $163.43 million. However, this did not overshadow the overall positive trajectory of Pathward Financial.
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Wafd Inc
Wafd Inc, a leading financial institution in the commercial banking sector, recently disclosed its financial results for the period of July to September 30, 2023. Unfortunately, the company experienced a decline in both the top and bottom lines, with net profit per share dropping by 32.52% and revenue by 18.794% compared to the previous year.
During this period, Wafd Inc reported revenues of $151.53 million, a significant decrease from $186.60 million in the corresponding period of 2022. Additionally, the earnings per share (EPS) declined to $0.72 from $1.07 in the fiscal period ending September 30, 2022.
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United Security Bancshares
United Security Bancshares, a leading player in the commercial banking industry, recently announced its financial results for the third quarter of 2023. Unfortunately, the numbers were not as strong as expected, with a decrease in both income and revenue compared to the previous year.
In the third quarter of 2023, United Security Bancshares reported a 15.38% decline in income to $0.22 per share. Revenue also decreased by 3.835% to $12.04 million. These numbers reflect a challenging financial period for the company.
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Shore Bancshares Inc
Shore Bancshares Inc (SHBIs) has reported mixed financial results for the most recent fiscal period, with revenue increasing by a significant 11.878% from the corresponding reporting period a year ago. However, the company slipped into a loss, recording a loss per share of $-0.19. Analyzing the results from the previous reporting period, revenue surged by a remarkable 31.938%, but income per share fell from $0.20. This article will explore the implications of these financial results and how they may impact Shore Bancshares Inc moving forward.
Challenges Ahead:
One notable concern is the sharp decline in net income for the July to September 30, 2023 fiscal time-frame. Instead of reporting a net income of $9.658 million, the company registered a net loss of $-6.384 million compared to the corresponding reporting period a year before. This downward shift raises questions about the underlying factors driving this loss and the potential impact on future profitability.
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Patriot National Bancorp Inc
The financial results reported by Commercial Banks company for the span ending September 30, 2023, were disastrous, with significant declines in both revenue and earnings per share compared to the previous year.
Firstly, the company's revenue experienced a staggering decrease of -69.001%, plummeting from $7.31 million to $3.01 million. This decline indicates a severe downturn in the company's business operations, raising concerns about its financial health and stability. Additionally, this drastic reduction in revenue is even more pronounced when comparing it to the prior reporting season, where revenue tumbled by -58.884%.
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| Per Share |
Current |
| Earnings (TTM) |
8.84 $ |
| Revenues (TTM) |
28.05 $
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| Cash Flow (TTM) |
16.15 $ |
| Cash |
135.39 $
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| Book Value |
37.49 $
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| Dividend (TTM) |
2.81 $ |
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| Per Share |
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| Earnings (TTM) |
8.84 $
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| Revenues (TTM) |
28.05 $ |
| Cash Flow (TTM) |
16.15 $ |
| Cash |
135.39 $
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| Book Value |
37.49 $ |
| Dividend (TTM) |
2.81 $ |
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| Business Bank |
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Segment |
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of total Revenue |
| Individual Bank |
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Segment |
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of total Revenue |
| Investment Bank |
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Segment |
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of total Revenue |
| Finance |
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Segment |
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of total Revenue |
| Other |
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Segment |
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of total Revenue |
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| Comerica Incorporated's Operating Statistics
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Decrease / Increase
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| Interest Spread |
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| Interest Margin |
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| Nonperforming Assets Ratio |
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| Allowance for Credit Losses |
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| Tier1 Capital Ratio |
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| Total Capital Ratio |
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| Leverage Ratio |
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| Tangible Common Equity Ratio |
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| Efficiency Ratio |
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2.5%