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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.90
CMA's Cash-to-Debt is ranked lower than
53% of the 1374 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.22 vs. CMA: 0.90 )
Ranked among companies with meaningful Cash-to-Debt only.
CMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07  Med: 0.39 Max: 2.71
Current: 0.9
0.07
2.71
Equity-to-Asset 0.11
CMA's Equity-to-Asset is ranked higher than
56% of the 1386 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.11 vs. CMA: 0.11 )
Ranked among companies with meaningful Equity-to-Asset only.
CMA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.09 Max: 0.15
Current: 0.11
0.06
0.15
Debt-to-Equity 0.84
CMA's Debt-to-Equity is ranked higher than
51% of the 1222 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.72 vs. CMA: 0.84 )
Ranked among companies with meaningful Debt-to-Equity only.
CMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22  Med: 1.26 Max: 4.14
Current: 0.84
0.22
4.14
Debt-to-EBITDA 1.97
CMA's Debt-to-EBITDA is ranked higher than
55% of the 1236 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.99 vs. CMA: 1.97 )
Ranked among companies with meaningful Debt-to-EBITDA only.
CMA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0  Med: 0 Max: 1.97
Current: 1.97
0
1.97
Beneish M-Score: -2.49
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 : 4/10

vs
industry
vs
history
Net Margin % 31.48
CMA's Net Margin % is ranked higher than
67% of the 1390 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 23.34 vs. CMA: 31.48 )
Ranked among companies with meaningful Net Margin % only.
CMA' s Net Margin % Range Over the Past 10 Years
Min: 0.65  Med: 17.94 Max: 31.48
Current: 31.48
0.65
31.48
ROE % 12.93
CMA's ROE % is ranked higher than
72% of the 1390 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.73 vs. CMA: 12.93 )
Ranked among companies with meaningful ROE % only.
CMA' s ROE % Range Over the Past 10 Years
Min: -1.66  Med: 6.52 Max: 12.93
Current: 12.93
-1.66
12.93
ROA % 1.44
CMA's ROA % is ranked higher than
74% of the 1396 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. CMA: 1.44 )
Ranked among companies with meaningful ROA % only.
CMA' s ROA % Range Over the Past 10 Years
Min: 0.03  Med: 0.72 Max: 1.44
Current: 1.44
0.03
1.44
3-Year Revenue Growth Rate 9.60
CMA's 3-Year Revenue Growth Rate is ranked higher than
75% of the 1293 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.30 vs. CMA: 9.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CMA' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -10.2  Med: 3.5 Max: 10.4
Current: 9.6
-10.2
10.4
3-Year EPS without NRI Growth Rate 9.40
CMA's 3-Year EPS without NRI Growth Rate is ranked higher than
64% of the 1163 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.80 vs. CMA: 9.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
CMA' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.3 Max: 54.7
Current: 9.4
0
54.7
GuruFocus has detected 1 Warning Sign with Comerica Inc CMA.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CMA's 30-Y Financials

Financials (Next Earnings Date: 2019-01-17 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

CMA Guru Trades in Q3 2017

Ray Dalio 4,746 sh (New)
Jim Simons 87,647 sh (New)
Steven Cohen 9,200 sh (New)
PRIMECAP Management 53,500 sh (unchged)
First Pacific Advisors 175,260 sh (unchged)
Lee Ainslie Sold Out
Mario Gabelli 82,550 sh (-0.36%)
Richard Pzena 745,540 sh (-3.69%)
Third Avenue Management 847,570 sh (-12.76%)
Paul Tudor Jones 7,127 sh (-62.69%)
Third Avenue Value Fund 726,649 sh (-12.92%)
» More
Q4 2017

CMA Guru Trades in Q4 2017

Pioneer Investments 233,306 sh (New)
Caxton Associates 125,000 sh (New)
George Soros 205,824 sh (New)
Joel Greenblatt 2,514 sh (New)
Steven Cohen 161,000 sh (+1650.00%)
Jim Simons 305,390 sh (+248.43%)
Paul Tudor Jones 10,512 sh (+47.50%)
PRIMECAP Management 53,500 sh (unchged)
Third Avenue Value Fund 726,649 sh (unchged)
Ray Dalio Sold Out
Mario Gabelli 82,150 sh (-0.48%)
Richard Pzena 716,953 sh (-3.83%)
First Pacific Advisors 157,760 sh (-9.99%)
Third Avenue Management 546,343 sh (-35.54%)
» More
Q1 2018

CMA Guru Trades in Q1 2018

Ray Dalio 11,126 sh (New)
Paul Tudor Jones 20,922 sh (+99.03%)
Pioneer Investments 360,396 sh (+54.47%)
Jim Simons 437,347 sh (+43.21%)
George Soros 238,169 sh (+15.71%)
Steven Cohen 164,825 sh (+2.38%)
PRIMECAP Management 53,500 sh (unchged)
Caxton Associates Sold Out
Joel Greenblatt Sold Out
Third Avenue Management 540,238 sh (-1.12%)
Mario Gabelli 71,950 sh (-12.42%)
First Pacific Advisors 122,405 sh (-22.41%)
Richard Pzena 240,292 sh (-66.48%)
Third Avenue Value Fund 431,720 sh (-40.59%)
» More
Q2 2018

CMA Guru Trades in Q2 2018

Joel Greenblatt 4,011 sh (New)
Steven Cohen 383,104 sh (+132.43%)
George Soros 322,503 sh (+35.41%)
Pioneer Investments 404,189 sh (+12.15%)
Richard Pzena 240,292 sh (unchged)
PRIMECAP Management 53,500 sh (unchged)
Third Avenue Value Fund 431,720 sh (unchged)
Jim Simons Sold Out
Third Avenue Management 537,840 sh (-0.44%)
Mario Gabelli 69,450 sh (-3.47%)
Ray Dalio 8,276 sh (-25.62%)
Paul Tudor Jones 9,981 sh (-52.29%)
First Pacific Advisors 36,228 sh (-70.40%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:CMA

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Comerica Inc does not have enough historical financial data to display Peter Lynch Chart.

Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6021
Compare:NAS:HBAN, NAS:SIVB, NYSE:FRC, NYSE:CFG, NYSE:RF, NYSE:KEY, NAS:ZION, NAS:FITB, NYSE:CFR, NAS:SBNY, NYSE:CIT, NAS:CBSH, NAS:BOKF, NAS:PACW, NAS:PBCT, NYSE:WAL, NYSE:SNV, NAS:OZRK, NYSE:FHN, NYSE:MTB » details
Traded in other countries:CA3.Germany,
Headquarter Location:USA
Comerica Inc is a financial services company. It operates in three business segments, The Business Bank, The Retail Bank, and Wealth Management. It operates in geographic markets including Michigan, California and Texas, Arizona and Florida.

Comerica Inc is a financial services company headquartered in Dallas. It has three major business segments: the business bank, the retail bank, and wealth management. Comerica is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida, and Michigan, with select businesses operating in several other states as well as in Canada and Mexico.

Guru Investment Theses on Comerica Inc

Third Avenue Comments on Comerica - Dec 13, 2016

A good example of this is Comerica (NYSE:CMA), a regional bank. Comerica has endured negative macro headlines-- from low oil prices potentially leading to loan losses, to headlines on the potential negative impact of consistently low interest rates on its net interest margins, and headlines relating to the impact of weak GDP on weak loan demand. Yet, because of its strong financial position, Comerica has survived these over-hyped fears without altering its corporate strategies. It has been able to focus on cost control measures while targeting geographic growth and significant capital return through dividends and buybacks, enabling it to grow its tangible book value by 9.3% over the past two years.

We actually view the fears of bad headlines as a source of potential upside, icing on the cake if you will, through earnings growth potential once interest rates rise, and loss reserves are likely reversed and loan growth accelerates with a stronger economy. Comerica was the Fund's second largest position at 6.0%1 of assets as of October 31, 2016, vs. 0.03% for the MSCI World Index2. Our conviction allows for our concentration.

As shown with the Comerica example, poor near term outlooks often provide investment opportunities for us. Our focus on the bottom-up also enables us sometimes to uncover situations that are misunderstood by the market. What do we mean by misunderstood? We look at a lot of different companies and will watch some for multiple years. What we have found is that sometimes opportunities arise when companies undergo some sort of resource conversion event, i.e., a sizable transformation, whether a spin off or sale of a substantial portion of their business, a major share buyback or the like. In situations like these, companies may no longer fall into a clear industry or get covered by the same analysts and thus become mis-valued by the market.


From Third Avenue Management (Trades, Portfolio)'s Value Fund fourth quarter commentary.

Check out Third Avenue Management latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 13.66
CMA's PE Ratio is ranked lower than
66% of the 1278 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.76 vs. CMA: 13.66 )
Ranked among companies with meaningful PE Ratio only.
CMA' s PE Ratio Range Over the Past 10 Years
Min: 7.74  Med: 15.54 Max: 57.43
Current: 13.66
7.74
57.43
Forward PE Ratio 10.37
CMA's Forward PE Ratio is ranked lower than
60% of the 464 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.40 vs. CMA: 10.37 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 13.66
CMA's PE Ratio without NRI is ranked lower than
66% of the 1278 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.76 vs. CMA: 13.66 )
Ranked among companies with meaningful PE Ratio without NRI only.
CMA' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.79  Med: 15.22 Max: 58.9
Current: 13.66
7.79
58.9
Price-to-Owner-Earnings 12.73
CMA's Price-to-Owner-Earnings is ranked lower than
65% of the 813 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.15 vs. CMA: 12.73 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
CMA' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.83  Med: 14.83 Max: 104.58
Current: 12.73
4.83
104.58
PB Ratio 1.74
CMA's PB Ratio is ranked lower than
85% of the 1383 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.24 vs. CMA: 1.74 )
Ranked among companies with meaningful PB Ratio only.
CMA' s PB Ratio Range Over the Past 10 Years
Min: 0.38  Med: 1.08 Max: 2.2
Current: 1.74
0.38
2.2
PS Ratio 4.25
CMA's PS Ratio is ranked lower than
79% of the 1373 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.41 vs. CMA: 4.25 )
Ranked among companies with meaningful PS Ratio only.
CMA' s PS Ratio Range Over the Past 10 Years
Min: 0.73  Med: 2.73 Max: 5.6
Current: 4.25
0.73
5.6
Price-to-Free-Cash-Flow 12.50
CMA's Price-to-Free-Cash-Flow is ranked lower than
72% of the 754 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.61 vs. CMA: 12.50 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CMA' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.86  Med: 11.61 Max: 316.49
Current: 12.5
2.86
316.49
Price-to-Operating-Cash-Flow 11.55
CMA's Price-to-Operating-Cash-Flow is ranked lower than
74% of the 803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.07 vs. CMA: 11.55 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CMA' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.36  Med: 9.82 Max: 59.05
Current: 11.55
2.36
59.05
EV-to-Revenue 4.12
CMA's EV-to-Revenue is ranked lower than
56% of the 1151 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.50 vs. CMA: 4.12 )
Ranked among companies with meaningful EV-to-Revenue only.
CMA' s EV-to-Revenue Range Over the Past 10 Years
Min: 1  Med: 3.3 Max: 8.5
Current: 4.12
1
8.5
Shiller PE Ratio 29.20
CMA's Shiller PE Ratio is ranked lower than
84% of the 573 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.24 vs. CMA: 29.20 )
Ranked among companies with meaningful Shiller PE Ratio only.
CMA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.83  Med: 11.9 Max: 41.99
Current: 29.2
2.83
41.99

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.89
CMA's Dividend Yield % is ranked lower than
83% of the 2530 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.60 vs. CMA: 1.89 )
Ranked among companies with meaningful Dividend Yield % only.
CMA' s Dividend Yield % Range Over the Past 10 Years
Min: 0.45  Med: 1.55 Max: 17.02
Current: 1.89
0.45
17.02
Dividend Payout Ratio 0.26
CMA's Dividend Payout Ratio is ranked higher than
71% of the 1372 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. CMA: 0.26 )
Ranked among companies with meaningful Dividend Payout Ratio only.
CMA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19  Med: 0.26 Max: 1.81
Current: 0.26
0.19
1.81
3-Year Dividend Growth Rate 11.30
CMA's 3-Year Dividend Growth Rate is ranked higher than
67% of the 790 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.20 vs. CMA: 11.30 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
CMA' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -56.1  Med: 10.25 Max: 40.1
Current: 11.3
-56.1
40.1
Forward Dividend Yield % 2.93
CMA's Forward Dividend Yield % is ranked lower than
60% of the 2459 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.93 vs. CMA: 2.93 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 3.48
CMA's 5-Year Yield-on-Cost % is ranked lower than
66% of the 2507 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.30 vs. CMA: 3.48 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
CMA' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.83  Med: 2.86 Max: 31.36
Current: 3.48
0.83
31.36
3-Year Average Share Buyback Ratio 1.20
CMA's 3-Year Average Share Buyback Ratio is ranked higher than
90% of the 975 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.40 vs. CMA: 1.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CMA' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -32.5  Med: 1 Max: 4.1
Current: 1.2
-32.5
4.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.73
CMA's Price-to-Tangible-Book is ranked lower than
77% of the 1370 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.33 vs. CMA: 1.73 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CMA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.55  Med: 1.6 Max: 4.29
Current: 1.73
0.55
4.29
Price-to-Intrinsic-Value-Projected-FCF 1.02
CMA's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
82% of the 867 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. CMA: 1.02 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
CMA' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.2  Med: 0.72 Max: 1.57
Current: 1.02
0.2
1.57
Price-to-Median-PS-Value 1.57
CMA's Price-to-Median-PS-Value is ranked lower than
91% of the 1305 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. CMA: 1.57 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CMA' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.38  Med: 1.04 Max: 2.08
Current: 1.57
0.38
2.08
Price-to-Graham-Number 1.03
CMA's Price-to-Graham-Number is ranked lower than
69% of the 1212 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. CMA: 1.03 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CMA' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.39  Med: 0.97 Max: 2.01
Current: 1.03
0.39
2.01

More Statistics

Revenue (TTM) (Mil) $3,294.00
EPS (TTM) $ 5.96
Beta1.78
Volatility19.47%
52-Week Range $76.83 - 102.66
Shares Outstanding (Mil)161.70

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 3,349 3,523 3,665
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) 7.13 7.96 9.02
EPS without NRI ($) 7.13 7.96 9.02
EPS Growth Rate
(Future 3Y To 5Y Estimate)
13.60%
Dividends per Share ($) 1.84 2.65 3.20

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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