Comerica Incorporated – Consensus Indicates 31.0% Upside Potential
Comerica Incorporated with ticker code (CMA) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 117 and 77 with an average TP of 96.16. Given that the stock’s previous close was at 73.38, this indicates that there is 31.0% upside potential. The 50 day moving average now sits at 78.62 and the 200 moving average now moves to 86.36. The market cap of the company is $9,713 million. Visit the company’s website at: https://www.comerica.com
The potential market capitalization would be $12,728 million based on market consensus.
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Comerica Incorporated, through its subsidiaries, offers various financial products and services. It operates through commercial banking, retail banking, wealth management and finance segments. The Commercial Banking segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, management services foreign exchange and loan syndication services for small and medium market businesses. , multinationals and government entities. The Retail Banking segment provides personal financial services, such as consumer loans, collection of consumer deposits and origination of mortgage loans. This segment also offers various consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgages, as well as commercial products and services to micro-enterprises. The Wealth Management segment provides products and services comprising trust, private banking, retirement, investment management and advisory, and investment banking and brokerage. This segment also sells annuity products, as well as life, disability and long-term care insurance products. The Finance segment is engaged in securities portfolio and asset and liability management business. It operates in Texas, California, Michigan, Arizona, Florida, Canada and Mexico. 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.