The price of Comerica, Inc. (NYSE:CMA) shares last traded on Wall Street fell -10.49% to $50.42.
CMA stock price is now -1.37% away from the 50-day moving average and 1.40% away from the 200-day moving average. The market capitalization of the company currently stands at $6.69B.
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With the price target maintained at $60, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Comerica, Inc. (NYSE: CMA). On May 06, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $56, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, McKinney Cassandra M., EVP sold 7,271 shares of the company’s stock on Apr 24 ’24. The stock was sold for $382,382 at an average price of $52.59. Upon completion of the transaction, the EVP now directly owns 7,236 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’24, EVP Bridges Wendy sold 3,034 shares of the business’s stock. A total of $160,012 was realized by selling the stock at an average price of $52.74. This leaves the insider owning 17,460 shares of the company worth $0.88 million. A total of 0.87% of the company’s stock is owned by insiders.
During the past 12 months, Comerica, Inc. has had a low of $37.40 and a high of $58.50. The fifty day moving average price for CMA is $50.8132 and a two-hundred day moving average price translates $50.25815 for the stock.
The latest earnings results from Comerica, Inc. (NYSE: CMA) was released for 2024-06-30. The net profit margin was 11.66% and return on equity was 10.63% for CMA. The company reported revenue of $1.02 billion for the quarter, compared to $949.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.38 percent.
