comerica

In a report published on Monday, J.P. Morgan analyst Steven Alexopoulos raised the price target on Comerica (NYSE: CMA) from $38 to $41 and maintained a rating of Overweight. In the report, J.P. Morgan noted, "Given the modestly better economic trends as well as the improved outlook for rates...

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...

Oppenheimer reports that it recently met with three Houston-based commercial banks to discuss banking trends in the Texas market. “The strength and diversity of the state's economy is expected to drive greater lending opportunities, though over the near term it appears organic growth will remain...