Comerica Incorporated (CMA) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 56

Comerica Incorporated (CMA) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 56 from a previous price target of $49 . RBC Capital Mkts advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on Comerica Incorporated. Comerica Incorporated was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016. Wedbush Initiated Comerica Incorporated on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $49.Comerica Incorporated was Upgraded by Goldman to ” Buy” on Sep 16, 2016.

On the company’s financial health, Comerica Incorporated reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.78.Analysts expectations of $ 720.40.During the same quarter in the previous year, the company posted $0.74 EPS.

Comerica Incorporated opened for trading at $48.77 and hit $48.99 on the upside on Friday, eventually ending the session at $48.4, with a gain of 1.02% or 0.49 points. The heightened volatility saw the trading volume jump to 16,33,374 shares. Company has a market cap of $8,417 M.

In a different news, on Aug 29, 2016, Paul R Obermeyer (Executive Vice President) sold 2,302 shares at $45.92 per share price. According to the SEC, on Mar 4, 2016, Peter L Sefzik (Executive Vice President) sold 2,500 shares at $35.43 per share price. On Nov 10, 2015, Jacqueline P Kane (director) purchased 256 shares at $46.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Comerica Incorporated is a financial services company. The Company’s 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.

Comerica Incorporated

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