Comerica Incorporated – Consensus shows upside potential of 12.2%

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Comerica Incorporated found with ticker (CMA) now have 23 analysts who cover the stock. Analysts’ consensus suggests a ‘Hold’ rating. The range between the high target price and the low target price is between 123 and 78, whereby we calculate the average target price of 93.93. With stocks previously closing at 83.74, this points to a potential upside of 12.2%. The 50-day moving average is now 86.05 and the 200-day moving average is 76.26. The company’s market capitalization is $ 10,740 million. Further information is available at: https://www.comerica.com

Comerica Incorporated provides a variety of financial products and services through its subsidiaries. It operates in the Commercial Bank, Retail Bank, Wealth Management and Finance segments. The Commercial Bank segment provides a variety of products and services including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and medium-sized businesses, multinational corporations, and government entities. The Retail Bank segment provides personal financial services such as consumer credit, consumer deposit collection, and mortgage loan issuance. This segment also offers a variety of consumer products including deposit accounts, installment loans, credit cards, student loans, home equity lines and mortgage loans for residential real estate, as well as commercial products and services for micro businesses. The Wealth Management segment offers products and services that encompass fiduciary, private banking, retirement provision, investment management and advice, as well as investment banking and brokerage. In addition, pension products as well as products for life, occupational disability and long-term care insurance are sold. The finance segment is active in the securities portfolio as well as in asset and liability management. It operates in Texas, California, Michigan, Arizona, Florida, and Canada. 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.

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