For its third fiscal quarter (ending September 30), Comerica Incorporated (NYSE: CMA) has reported E.P.S. of $1.34 compared to $1.85 a year ago. E.P.S. were $4.03 for the latest four quarters through September 30 versus $8.88 for the same period a year ago.
Recent Price Action
Comerica Incorporated (NYSE: CMA) stock closed at $64.94 on 10/18/24 after a large increase of 3.7%. Moreover, exceptionally high trading volume at 212% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 9.4% during the last week.
Current PriceTarget Research Rating
CMA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Comerica has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Comerica has a good Power Rating of 77 and a very high Appreciation Score of 86, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment