Comerica Incorporated (NYSE:CMA) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.67 per share by the financial services provider on Wednesday, January 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.81%.
NYSE:CMA opened at $70.35 on Thursday. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.56 and a beta of 1.54. Comerica has a 1 year low of $58.54 and a 1 year high of $88.96. The business has a 50 day simple moving average of $65.64 and a 200-day simple moving average of $68.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03.
Comerica (NYSE:CMA) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. Comerica had a return on equity of 16.82% and a net margin of 32.11%. The firm had revenue of $842.00 million for the quarter, compared to the consensus estimate of $836.10 million. During the same period in the prior year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts expect that Comerica will post 7.72 earnings per share for the current fiscal year.
In other news, Director Reginald M. Turner, Jr. sold 2,495 shares of Comerica stock in a transaction on Monday, October 28th. The stock was sold at an average price of $66.66, for a total value of $166,316.70. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.98% of the company’s stock.
Comerica Company Profile
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 middle market businesses, multinational corporations, and governmental entities.
Further Reading: Insider Trading – What You Need to Know
Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter.