CMA Stock Summary and Trading Ideas (Comerica | NYSE:CMA)

Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.

Comerica trades on the NYSE stock market under the symbol CMA.

As of April 22, 2024, CMA stock price climbed to $52.61 with 2,260,763 million shares trading.

CMA has a beta of 2.01, meaning it tends to be more sensitive to market movements. CMA has a correlation of 0.27 to the broad based SPY ETF.

CMA has a market cap of $6.97 billion. This is considered a Mid Cap stock.

Last quarter Comerica reported $784 million in Revenue and $1.29 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.18.

In the last 3 years, CMA stock traded as high as $102.09 and as low as $28.40.

The top ETF exchange traded funds that CMA belongs to (by Net Assets): VTI, VB, VOO, SCHD, DVY.

CMA has outperformed the market in the last year with a price return of +26.8% while the SPY ETF gained +22.9%. However, in the short term, CMA had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.7% vs +3.7% return in SPY. But in the last 2 weeks, CMA shares have fared better than the market returning -2.6% compared to SPY -3.7%.

CMA support price is $50.36 and resistance is $52.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CMA stock will trade within this expected range on the day.