(NYSE:CMA) Comerica Incorporated Hits 52 Week Low

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Comerica Incorporated (NYSE:CMA)

December 6th, 2018
Comerica Incorporated fell $1.25 Thursday, a 1.64% decline, closing at $75.15. As well as the drop in value, Comerica Incorporated hit a new 52 week low of $73.51, breaking the previous low of $75.98 from earlier this month.

CMA was outperformed by the rest of the Financials sector which went down just 1.44%.
Comerica Incorporated is listed on the S&P 500 index, and was one of 280 stocks that dropped today. Weighted by market cap, CMA represents about 0.04% of the S&P 500.

Forecasts from 27 analysts suggest that Comerica Incorporated could rise significantly (29%), while Finbox has calculated (with high uncertainty) a fair value price of $90.25.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials saw turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Comerica is based in United States of America. It was founded by Elon Farnsworth in 1849.

Comerica Incorporated Info

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products comprising deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services consisting of fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

All amounts in USD unless otherwise indicated

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