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Comerica Incorporated, together with its subsidiaries, provides financial services in the United States, Canada, and Mexico. The company operates through Commercial Bank, Retail Bank, and Wealth Management segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners and executives, and institutional clients. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
Mixed Analyst Views | Analyst price targets range from $50 to $76, reflecting diverse opinions on Comerica's growth potential amid industry headwinds and opportunities |
Deposit Dilemma | Delve into the critical impact of the Direct Express contract, representing 13-15% of non-interest-bearing deposits, on Comerica's funding strategy |
NII Bright Spots | Explore Comerica's improving net interest income trends, driven by BSBY tailwinds and securities repricing, potentially supporting earnings through 2025 |
Banking Crossroads | Comerica navigates complex financial landscape, balancing strong commercial franchise against efficiency challenges and deposit uncertainties |
Metrics to compare | CMA | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipCMAPeersSector | |
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P/E Ratio | 10.3x | 9.8x | 9.1x | |
PEG Ratio | 2.07 | −0.70 | 0.03 | |
Price / Book | 1.1x | 1.1x | 1.0x | |
Price / LTM Sales | 2.2x | 3.1x | 2.7x | |
Upside (Analyst Target) | 7.3% | 17.2% | 13.8% | |
Fair Value Upside | Unlock | 6.6% | 3.4% | Unlock |