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Investors may consider attractive dividend-yielding stocks like Comerica (CMA) for their portfolios amid the current economic uncertainties.
Comerica (CMA) gains from steady loan growth and strategic restructuring initiatives. Yet, rising costs, along with a lack of loan portfolio and geographical diversification, are headwinds.
Shares of Comerica Incorporated (NYSE:CMA) are up 0.3% at $50.36 at last check, and added 54.1% over the last nine months.
Scott Nations, Nations Indexes founder, joins 'Power Lunch' to discuss three stocks; Meta, Comerica and McDonald's.
Comerica has increased its regular dividend from $0.30/share in 1Q18 to $0.71/share in 3Q23. The current quarterly dividend, when annualized, equals $2.84/share and provides a 5.3% dividend yield.
The sector might be set for a resurgence after a tough year for bank stocks that included multiple meltdowns, like Silicon Valley Bank. Banking indices climbed in 2023's latter half and seem to maintain that momentum today.
'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.
A decline in revenues and higher expenses affect Comerica's (CMA) Q4 earnings. Nonetheless, a fall in provisions on a year-over-year basis offers some support.
Comerica Incorporated (CMA) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Comerica Incorporated (CMA) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.