comerica

This week will offer a good look at the state of the financial sector as many of the big banks share their fourth-quarter results. JP Morgan Chase (NYSE: JPM) broke the ice on Friday, reporting a decline in earnings that was more than analysts had estimated. Wells Fargo (NYSE: WFC), Goldman Sachs (...

The earnings season ramps up this week. Tech giants Apple (NASDAQ: AAPL), Microsoft (NYSE: MSFT), Intel (NASDAQ: INTC) and IBM (NYSE: IBM) are scheduled to share their third-quarter results, as are big banks including Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS),...

Bank of America is reiterating its Buy rating on shares of Comerica (NYSE: CMA). “Following mgmt meetings, we reiterate our Buy rating on CMA. Our discussion confirmed our view that: 1) not only is CMA the most highly tethered regional bank to a broad economic recovery, but company-specific...

Oppenheimer is out with its report today on Comerica (NYSE: CMA), upgrading CMA from Perform to Outperform. In a note to clients, Oppenheimer writes, "We are upgrading our investment opinion on Comerica to Outperform from Perform with a price target of $43 per share, or a potential return of 23%....

KBW is out with its report today on Comerica (NYSE: CMA), increasing its EPS estimates. In a note to clients, KBW writes, "Comerica beat the Street by $0.09 with sequential improvement in PTPP ROA and continued improvement in asset quality. With the 1Q11 beat and an expectation of NIM expansion in...

Sterne Agee has upgraded Comerica, Inc. (NYSE: CMA) from Neutral to Buy and has raised the price target to $45.

Comerica (NYSE: CMA) beat consensus by $0.23 due to improved asset quality & announced the acquisition of SBIB for $1.0B ($10.00/sh), representing 3.9x adjusted SBIB TBV, KBW reports. “We are raising our '11 EPS estimate $0.15 reflecting CMA's newly issued guidance, but lowering our '12 EPS...

Jefferies has lowered its PT on Comerica (NYSE: CMA) to $41 from $42. “We like CMA's move to broaden its exposure in the faster-growing Texas market, but deal valuation could make 2013 EPS accretion tough, in our view,” Jefferies writes. “Improving credit drives better 2011 results, but rev....

Jefferies & Company has published a research report on Comerica (NYSE: CMA) after the company posted GAAP earnings above consensus, based mostly on reserve release, according to Jefferies. In the report, Jefferies writes "Management released its full-year outlook for 2011. On first blush, pre-...

Wells Fargo has published a research report and has initiated coverage on Comerica Inc. (NYSE: CMA) with an Outperform rating. In the report, Wells Fargo writes "We are initiating coverage of CMA with an Outperform rating and a 12-month valuation range of $49-52--implying 20-27% potential upside...