Comerica Incorporated (NYSE: CMA) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.20 versus $2.61 for the same period a year ago — a decline of -92%. This performance was $-1.16 short of the consensus estimate of $1.36. For the latest four quarters through December 31, E.P.S. were $6.47 compared to $8.56 a year ago — a decline of -24%.
Recent Price Action
Comerica Incorporated (NYSE: CMA) stock rose modestly by 0.6% on 1/19/24. The stock closed at $52.60. Moreover, trading volume in this advance was exceptionally high at 206% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.3% during the last week.
Current PriceTarget Research Rating
CMA is expected to continue to be an important 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 Appreciation Score of 76 and a very high Power Rating of 86, 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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