Comerica Incorporated (CMA) : Traders are bullish on Comerica Incorporated (CMA) as it has outperformed the S&P 500 by a wide margin of 3.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.18% in the last 1 week, and is up 3.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.93% and the fifty day Moving Average is 7.16%. Comerica Incorporated is up 0.18% in the last three month period. Year-to-Date the stock performance stands at 13.21%.
Comerica Incorporated (CMA) stock is expected to deviate a maximum of $3.01 from the average target price of $46.63 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $42.
Comerica Incorporated (NYSE:CMA): stock turned positive on Friday. Though the stock opened at $46.37, the bulls momentum made the stock top out at $46.91 level for the day. The stock recorded a low of $46.02 and closed the trading day at $46.85, in the green by 1.69%. The total traded volume for the day was 1,834,554. The stock had closed at $46.07 in the previous days trading.
Comerica Incorporated is a financial services company. The Companys principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition, it also operates in the Finance segment. The Business Bank segment offers 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 segment offers deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.