Wells Fargo Upgrades Comerica Incorporated to Market Perform

Brokerage firm Wells Fargo Upgrades its rating on Comerica Incorporated(NYSE:CMA). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Wells Fargo was issued on Jul 8, 2016.

In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on Comerica Incorporated. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 19, 2016, Goldman Sachs said it Upgrades its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 13, 2016, Wells Fargo said it Downgrades its rating on Comerica Incorporated. The shares have been rated ‘Underperform’ by the firm. On May 9, 2016, Raymond James said it Upgrades its rating on Comerica Incorporated. The shares have been rated ‘Outperform’ by the firm. On Apr 21, 2016, Bank of America said it Upgrades its rating on Comerica Incorporated. The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, JP Morgan said it Maintains its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm.

Comerica Incorporated (CMA) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -0.28% at a volume of 15,77,239. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43. The peak price level was also seen at $43 while the days lowest was $42.28. Finally the shares closed at $42.72. The 52-week high of the shares is $50.76 while the 52-week low is $30.48. According to the latest information available, the market cap of the company is $7,482 M.

Comerica Incorporated(CMA) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $693.00M. Analysts had an estimated revenue of $708.77M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Peter L Sefzik (Executive Vice President) sold 2,500 shares at $35.43 per share price.Also, On Nov 10, 2015, Jacqueline P Kane (director) purchased 256 shares at $46.93 per share price.On Mar 5, 2015, Peter William Guilfoile (Executive Vice President) sold 1,200 shares at $45.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank the Retail Bank and Wealth Management. In addition it also operates in the Finance segment. The Business Bank segment offers 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. The Retail Bank segment offers deposit accounts installment loans credit cards student loans home equity lines of credit and residential mortgage loans. 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.

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