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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.70
CMA's Cash to Debt is ranked higher than
77% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. CMA: 1.70 )
CMA' s 10-Year Cash to Debt Range
Min: 0.12   Max: 1.7
Current: 1.7

0.12
1.7
Equity to Asset 0.11
CMA's Equity to Asset is ranked higher than
74% of the 1588 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. CMA: 0.11 )
CMA' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.12
Current: 0.11

0.07
0.12
Interest Coverage 6.52
CMA's Interest Coverage is ranked higher than
95% of the 1357 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. CMA: 6.52 )
CMA' s 10-Year Interest Coverage Range
Min: 0.22   Max: 6.52
Current: 6.52

0.22
6.52
F-Score: 4
Z-Score: 0.30
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 29.22
CMA's Operating margin (%) is ranked higher than
72% of the 1462 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.05 vs. CMA: 29.22 )
CMA' s 10-Year Operating margin (%) Range
Min: -4.39   Max: 45.12
Current: 29.22

-4.39
45.12
Net-margin (%) 21.66
CMA's Net-margin (%) is ranked higher than
74% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.57 vs. CMA: 21.66 )
CMA' s 10-Year Net-margin (%) Range
Min: 0.65   Max: 31.47
Current: 21.66

0.65
31.47
ROE (%) 7.56
CMA's ROE (%) is ranked higher than
71% of the 1554 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.99 vs. CMA: 7.56 )
CMA' s 10-Year ROE (%) Range
Min: 0.24   Max: 21.86
Current: 7.56

0.24
21.86
ROA (%) 0.83
CMA's ROA (%) is ranked higher than
75% of the 1563 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.75 vs. CMA: 0.83 )
CMA' s 10-Year ROA (%) Range
Min: 0.03   Max: 1.96
Current: 0.83

0.03
1.96
ROC (Joel Greenblatt) (%) 122.90
CMA's ROC (Joel Greenblatt) (%) is ranked higher than
83% of the 1437 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 78.30 vs. CMA: 122.90 )
CMA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -17.86   Max: 268.36
Current: 122.9

-17.86
268.36
Revenue Growth (%) -1.70
CMA's Revenue Growth (%) is ranked higher than
66% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. CMA: -1.70 )
CMA' s 10-Year Revenue Growth (%) Range
Min: -24.8   Max: 37.3
Current: -1.7

-24.8
37.3
EBITDA Growth (%) 21.50
CMA's EBITDA Growth (%) is ranked higher than
86% of the 1124 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. CMA: 21.50 )
CMA' s 10-Year EBITDA Growth (%) Range
Min: -81.1   Max: 344.5
Current: 21.5

-81.1
344.5
EPS Growth (%) 54.00
CMA's EPS Growth (%) is ranked higher than
95% of the 1103 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.50 vs. CMA: 54.00 )
CMA' s 10-Year EPS Growth (%) Range
Min: -43.8   Max: 54
Current: 54

-43.8
54
» CMA's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

CMA Guru Trades in Q2 2013

Jim Simons 228,047 sh (New)
Steven Cohen 10,723 sh (New)
John Keeley 9,530 sh (+30.01%)
PRIMECAP Management 330,500 sh (+11.66%)
Richard Pzena 1,941,726 sh (+1.1%)
David Dreman 95,945 sh (+0.08%)
Martin Whitman 1,626,949 sh (unchged)
Caxton Associates Sold Out
Jeremy Grantham 48,400 sh (-2.15%)
Third Avenue Management 2,469,056 sh (-3.32%)
RS Investment Management 1,435,975 sh (-4.29%)
Joel Greenblatt 7,586 sh (-4.83%)
HOTCHKIS & WILEY 414,100 sh (-45.67%)
» More
Q3 2013

CMA Guru Trades in Q3 2013

Pioneer Investments 325,200 sh (New)
PRIMECAP Management 526,000 sh (+59.15%)
Jim Simons 343,847 sh (+50.78%)
Steven Cohen 13,934 sh (+29.94%)
HOTCHKIS & WILEY 464,620 sh (+12.2%)
John Keeley 10,530 sh (+10.49%)
RS Investment Management 1,443,011 sh (+0.49%)
Richard Pzena 1,947,376 sh (+0.29%)
Martin Whitman 1,626,949 sh (unchged)
Third Avenue Management 2,400,519 sh (-2.78%)
Joel Greenblatt 7,228 sh (-4.72%)
Jeremy Grantham 44,000 sh (-9.09%)
David Dreman 10,142 sh (-89.43%)
» More
Q4 2013

CMA Guru Trades in Q4 2013

Richard Pzena 3,861,810 sh (+98.31%)
PRIMECAP Management 624,000 sh (+18.63%)
Jeremy Grantham 44,500 sh (+1.14%)
Third Avenue Management 2,418,940 sh (+0.77%)
John Keeley 10,530 sh (unchged)
Martin Whitman 1,626,949 sh (unchged)
HOTCHKIS & WILEY 463,420 sh (-0.26%)
Pioneer Investments 321,168 sh (-1.24%)
Joel Greenblatt 7,100 sh (-1.77%)
David Dreman 8,651 sh (-14.7%)
RS Investment Management 1,227,985 sh (-14.9%)
Steven Cohen 6,341 sh (-54.49%)
Jim Simons 133,947 sh (-61.04%)
» More
2014

CMA Guru Trades in 2014

Martin Whitman 1,626,949 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with CMA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2013-09-30 Reduce -89.43%0.1%$39.19 - $43.4 $ 48.4616%10142
PRIMECAP Management 2013-09-30 Add 59.15%0.01%$39.19 - $43.4 $ 48.4616%526000
John Keeley 2013-06-30 Add 30.01%$34.13 - $40.15 $ 48.4630%9530
John Keeley 2013-03-31 New Buy0.01%$30.34 - $36.78 $ 48.4641%7330
Martin Whitman 2013-01-31 Add 35.92%0.64%$27.87 - $34.3 $ 48.4659%1626949
PRIMECAP Management 2012-12-31 Add 88.24%0.01%$27.87 - $31.8 $ 48.4663%256000
Joel Greenblatt 2012-12-31 New Buy0.01%$27.87 - $31.8 $ 48.4663%7105
Ray Dalio 2012-12-31 Sold Out 0.01%$27.87 - $31.8 $ 48.4663%0
Martin Whitman 2012-10-31 Add 77.33%0.68%$29.16 - $33.1 $ 48.4656%1196949
PRIMECAP Management 2012-09-30 New Buy0.01%$29.71 - $33.1 $ 48.4657%136000
Ray Dalio 2012-09-30 New Buy0.01%$29.71 - $33.1 $ 48.4657%20109
John Keeley 2012-09-30 Sold Out 0.01%$29.71 - $33.1 $ 48.4657%0
Martin Whitman 2012-07-31 Add 37.76%0.22%$28.3 - $32.58 $ 48.4660%675000
Ray Dalio 2012-06-30 Sold Out 0.01%$28.3 - $32.58 $ 48.4658%0
Martin Whitman 2012-04-30 New Buy0.6%$27.67 - $33.57 $ 48.4657%490000
Ray Dalio 2012-03-31 Reduce -44.43%$26.72 - $33.57 $ 48.4674%12009
Ray Dalio 2011-12-31 Reduce -49.27%0.01%$22.19 - $26.85 $ 48.4693%21609
John Keeley 2011-12-31 New Buy$22.19 - $26.85 $ 48.4693%7830
Ray Dalio 2011-09-30 Add 198.82%0.01%$21.98 - $34.7 $ 48.4678%42597
John Keeley 2011-09-30 Sold Out 0.0045%$21.98 - $34.7 $ 48.4676%0
John Keeley 2011-06-30 Add 23.18%$33.63 - $38.44 $ 48.4634%7970
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Comerica Inc

Third Avenue Management Comments on Comerica - Jun 28, 2012

From Third Avenue Management's second-quarter letter:

During the quarter, we added to our existing position in Key Common and initiated a new position in Comerica Common (CMA). At quarter end, the two positions accounted for 3.4% of the Fund's net assets. Comerica Common was identified by Vic Cunningham. Comerica Incorporated is a financial holding company based in Dallas with subsidiaries engaged in retail and business banking and wealth management. The management team, led by Chairman and CEO Ralph Babb, has an impressive longterm track record, having avoided many of the consumer related problem areas in 2007 and 2008. As a result, the company's tangible book value is roughly flat compared to five years ago, a considerable accomplishment in light of the financial crises. The current earnings outlook is subdued owing to depressed net interest margins (3.2%, versus 3.6% to 4.0% historically) and tepid loan growth (2% in the first quarter). Nevertheless, the company appears poised to generate improved returns over the next several years, owing to its low cost deposit base, strong business lending franchise in its core markets (Texas, Michigan, California and Florida) and strong capital position (10.3% Tier 1 Capital ratio). The company recently passed the Fed's Comprehensive Capital Analysis and Review ("CCAR") stress test and was approved to repurchase $375 million in stock (about 6% of the company's outstanding shares) over the next year. The Fund's initial position in Comerica Common was acquired at about 13 times earnings and a slight discount to tangible book value.

Check out Martin Whitman latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 17.30
CMA's P/E(ttm) is ranked higher than
55% of the 1451 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.60 vs. CMA: 17.30 )
CMA' s 10-Year P/E(ttm) Range
Min: 7.78   Max: 58.45
Current: 17.3

7.78
58.45
P/B 1.20
CMA's P/B is ranked higher than
58% of the 1479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. CMA: 1.20 )
CMA' s 10-Year P/B Range
Min: 0.38   Max: 2.15
Current: 1.2

0.38
2.15
P/S 3.60
CMA's P/S is ranked lower than
61% of the 1638 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. CMA: 3.60 )
CMA' s 10-Year P/S Range
Min: 0.73   Max: 4.16
Current: 3.6

0.73
4.16
PFCF 11.00
CMA's PFCF is ranked lower than
57% of the 940 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. CMA: 11.00 )
CMA' s 10-Year PFCF Range
Min: 2.94   Max: 300.67
Current: 11

2.94
300.67
EV-to-EBIT 17.90
CMA's EV-to-EBIT is ranked higher than
58% of the 1447 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.51 vs. CMA: 17.90 )
CMA' s 10-Year EV-to-EBIT Range
Min: 5.3   Max: 285.6
Current: 17.9

5.3
285.6
PEG 0.10
CMA's PEG is ranked higher than
98% of the 848 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. CMA: 0.10 )
CMA' s 10-Year PEG Range
Min: 0.1   Max: 42.35
Current: 0.1

0.1
42.35
Shiller P/E 32.00
CMA's Shiller P/E is ranked lower than
61% of the 841 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.71 vs. CMA: 32.00 )
CMA' s 10-Year Shiller P/E Range
Min: 3.09   Max: 34.01
Current: 32

3.09
34.01

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.40
CMA's Dividend Yield is ranked lower than
72% of the 1312 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.40 vs. CMA: 1.40 )
CMA' s 10-Year Dividend Yield Range
Min: 0.45   Max: 17.02
Current: 1.4

0.45
17.02
Dividend Payout 0.24
CMA's Dividend Payout is ranked higher than
74% of the 1147 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.31 vs. CMA: 0.24 )
CMA' s 10-Year Dividend Payout Range
Min: -0.25   Max: 1.81
Current: 0.24

-0.25
1.81
Dividend growth (3y) 39.60
CMA's Dividend growth (3y) is ranked higher than
94% of the 809 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. CMA: 39.60 )
CMA' s 10-Year Dividend growth (3y) Range
Min: -56.1   Max: 40.1
Current: 39.6

-56.1
40.1
Yield on cost (5-Year) 7.06
CMA's Yield on cost (5-Year) is ranked higher than
89% of the 1327 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.66 vs. CMA: 7.06 )
CMA' s 10-Year Yield on cost (5-Year) Range
Min: 2.27   Max: 85.8
Current: 7.06

2.27
85.8
Share Buyback Rate -2.60
CMA's Share Buyback Rate is ranked higher than
70% of the 1170 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.70 vs. CMA: -2.60 )
CMA' s 10-Year Share Buyback Rate Range
Min: 24.2   Max: -29.1
Current: -2.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.40
CMA's Price/Tangible Book is ranked higher than
59% of the 1380 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. CMA: 1.40 )
CMA' s 10-Year Price/Tangible Book Range
Min: 0.59   Max: 3.87
Current: 1.4

0.59
3.87
Price/DCF (Projected) 0.70
CMA's Price/DCF (Projected) is ranked higher than
62% of the 902 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. CMA: 0.70 )
CMA' s 10-Year Price/DCF (Projected) Range
Min: 0.19   Max: 0.89
Current: 0.7

0.19
0.89
Price/Median PS Value 1.30
CMA's Price/Median PS Value is ranked lower than
62% of the 1493 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. CMA: 1.30 )
CMA' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 1.95
Current: 1.3

0.41
1.95
Price/Peter Lynch Fair Value 0.70
CMA's Price/Peter Lynch Fair Value is ranked higher than
71% of the 440 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. CMA: 0.70 )
CMA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.57   Max: 1.73
Current: 0.7

0.57
1.73
Price/Graham Number 1.00
CMA's Price/Graham Number is ranked higher than
59% of the 1365 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. CMA: 1.00 )
CMA' s 10-Year Price/Graham Number Range
Min: 0.51   Max: 2.84
Current: 1

0.51
2.84
Earnings Yield (Greenblatt) 5.60
CMA's Earnings Yield (Greenblatt) is ranked higher than
64% of the 1411 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. CMA: 5.60 )
CMA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 18.9
Current: 5.6

0.4
18.9
Forward Rate of Return (Yacktman) 89.82
CMA's Forward Rate of Return (Yacktman) is ranked higher than
97% of the 1102 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.77 vs. CMA: 89.82 )
CMA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -43.3   Max: 91.8
Current: 89.82

-43.3
91.8

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Traded in other countries:CA3.Germany
Comerica Inc., is incorporated under the laws of the State of Delaware in 1973. The Company is a financial services company which operates in three business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. In addition to the three major business segments, the Finance Division is also reported as a segment. The Business Bank is mainly comprised of the several businesses which include: middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services, and technology and life sciences. This business segment meets the needs of medium-size businesses, multinational corporations and governmental entities by offering various 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. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. In addition to a range of financial services provided to small business customers, this business segment offers a variety of consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. Wealth & Institutional Management offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and discount securities brokerage services. This business segment also offers the sale of annuity products, as well as life, disability and long-term care insurance products. The Finance segment includes the Company's securities portfolio and asset and liability management activities. This segment is responsible for managing the Company's funding, liquidity and capital needs, performing interest sensitivity analysis and executing various strategies to manage Comerica's exposure to liquidity, interest rate risk and foreign exchange risk. The Company's banking subsidiaries compete mainly with banks based in its main areas of operations in the United States for loans, deposits and trust accounts. The Company is subject to supervision and regulation at the federal level by the Board of Governors of the Federal Reserve System.

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