Comerica Incorporated (NYSE: CMA) has reported E.P.S. of $0.99 for its first fiscal quarter (ending March 31) versus $2.41 for the same period a year ago. E.P.S. were $5.06 for the latest four quarters through March 31 versus $9.59 for the same period a year ago.
Recent Price Action
On 4/18/24, Comerica Incorporated (NYSE: CMA) stock increased 1.7%, closing at $50.66. Moreover, trading volume in this advance was unusually high at 157% of normal. The stock has declined -1.4% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CMA is expected to continue to be a Value Builder.
Comerica has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Comerica has a good Power Rating of 72 and a very high Appreciation Score of 90, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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