A statement released earlier today by RBC Capital Markets about Comerica Inc (NYSE:CMA) bumps the target price to $56.00
- Updated: October 19, 2016
Just yesterday Comerica Inc (NYSE:CMA) traded 4.14% higher at $50.05. Comerica Inc’s 50-day moving average is $47.36 and its two hundred day average is $44.43. With the last close up 12.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,894,844 shares of Comerica Inc exchanged hands, up from an average trading volume of 1,887,310
RBC Capital Markets increased the stock price target of Comerica Inc (NYSE:CMA) to $56.00 indicating a possible upside of 0.12%.
Recent Performance Chart
Comerica Inc has PE ratio of 21.73 with a one year low of $30.48 and a one year high of $50.54 and has a market capitalization of $0.
A total of 27 analysts have released a report on Comerica Inc. Two analysts rating the company a strong buy, four analysts rating the company a buy, twenty-two analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $43.19.
General Company Details For Comerica Inc (NYSE:CMA)
Comerica Incorporated (Comerica) is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.
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