Comerica Incorporated (NYSE:CMA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Having a price of $47.77, Comerica Incorporated (NYSE:CMA) traded 1.06% higher on the day. With the last stock price up 9.64% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CMA has recorded a 50-day average of $46.51 and a two hundred day average of $43.66. Trade Volume was up over the average, with 1,931,885 shares of CMA changing hands over the typical 1,839,840
Zacks Investment Research has downgraded Comerica Incorporated (NYSE:CMA) to Hold in a statement released on 10/04/2016.
Recent Performance Chart
Comerica Incorporated has PE ratio of 20.79 with a one year low of $30.48 and a one year high of $48.31 and has a market capitalization of $0.
A total of 27 brokerages have issued a ratings update on Comerica Incorporated. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, twenty-two brokerages rating the company a hold, two brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $43.19.
General Company Details For Comerica Incorporated (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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