Comerica Incorporated, together with its subsidiaries, provides financial services in the United States, Canada, and Mexico. The company operates through Commercial Bank, Retail Bank, and Wealth Management segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners and executives, and institutional clients. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
Deposit Dilemma | Comerica faces significant challenges with its deposit base, particularly the potential loss of a major contract accounting for 13% of non-interest bearing deposits |
NII Dynamics | Explore the conflicting analyst projections on Comerica's net interest income, with some expecting growth while others anticipate pressure in the coming years |
Regional Resilience | Delve into Comerica's strong market position in Texas, Michigan, and California, and how it leverages its regional banking strategy to maintain competitiveness |
Future Outlook | Analysts offer mixed perspectives on Comerica's prospects, with price targets ranging from $56 to $76, reflecting the complex challenges and opportunities facing the bank |
Metrics to compare | CMA | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipCMAPeersSector | |
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P/E Ratio | 10.3x | 9.8x | 9.1x | |
PEG Ratio | 2.07 | −0.70 | 0.03 | |
Price/Book | 1.1x | 1.1x | 1.0x | |
Price / LTM Sales | 2.2x | 3.1x | 2.7x | |
Upside (Analyst Target) | 7.3% | 17.2% | 13.8% | |
Fair Value Upside | Unlock | 6.6% | 3.5% | Unlock |