Published On: Wed, Oct 19th, 2016

FBR & Co. Indicates Potential 1.5% Increase In Shares Of Comerica Inc


On Wednesday FBR & Co. reiterated its broker consensus on shares of Comerica Inc (NYSE:CMA) giving the company a ‘Mkt Perform’ rating.

FBR & Co. gave shares of Comerica Inc a price target of 52 indicating a potential increase of 1.5% from Comerica Inc’s current price of 51.23.

NYSE:CMA


In the prior 12 months Comerica Inc’s stock price has increased by 24.62% from 41.11 to 51.23.

Comerica Inc has 173,902,000 shares in issue which have a share price of 51.23 giving Comerica Inc a market capitalisation of 8.91B USD .

The 52 week high of Comerica Inc’s shares is 51.37 whilst the 52 week low for the company’s shares is 30.48. The 50 day moving average of NYSE:CMA is 47.36 and the 200 day moving average is 44.43.

Comerica Incorporated (Comerica) is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. 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.