Comerica Stock Total Asset
| CMA Stock | USD 53.88 0.67 1.26% |
Comerica fundamentals help investors to digest information that contributes to Comerica's financial success or failures. It also enables traders to predict the movement of Comerica Stock. The fundamental analysis module provides a way to measure Comerica's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Comerica stock.
| Last Reported | Projected for Next Year | ||
| Total Assets | 85.8 B | 59.4 B | |
| Intangibles To Total Assets | 0.01 | 0.01 |
Comerica | Total Asset |
Comerica Company Total Asset Analysis
Comerica's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Comerica Total Asset | 85.83 B |
Most of Comerica's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Comerica is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Comerica Total Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Comerica is extremely important. It helps to project a fair market value of Comerica Stock properly, considering its historical fundamentals such as Total Asset. Since Comerica's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Comerica's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Comerica's interrelated accounts and indicators.
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Comerica Total Asset Historical Pattern
Today, most investors in Comerica Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Comerica's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Comerica total asset as a starting point in their analysis.
Comerica Total Asset |
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Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
| Competition |
Comerica Total Assets
Total Assets |
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Based on the latest financial disclosure, Comerica has a Total Asset of 85.83 B. This is 65.07% lower than that of the Banks sector and significantly higher than that of the Financials industry. The total asset for all United States stocks is 191.3% lower than that of the firm.
Comerica Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Comerica's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Comerica could also be used in its relative valuation, which is a method of valuing Comerica by comparing valuation metrics of similar companies.Comerica is currently under evaluation in total asset category among related companies.
Comerica ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Comerica's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Comerica's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Comerica Institutional Holders
Institutional Holdings refers to the ownership stake in Comerica that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Comerica's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Comerica's value.| Shares | Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.6 M | Vaughan Nelson Scarbrgh & Mccullough Lp | 2023-12-31 | 1.9 M | Citadel Advisors Llc | 2023-09-30 | 1.7 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.5 M | Norges Bank | 2023-12-31 | 1.4 M | Thrivent Financial For Lutherans | 2023-12-31 | 1.4 M | Northern Trust Corp | 2023-12-31 | 1.3 M | Millennium Management Llc | 2023-12-31 | 1.3 M | Azora Capital Lp | 2023-12-31 | 1.1 M | Vanguard Group Inc | 2023-12-31 | 16.9 M | Blackrock Inc | 2023-12-31 | 11.8 M |
Comerica Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0082 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.26 % | |||
| Current Valuation | 9.78 B | |||
| Shares Outstanding | 132.59 M | |||
| Shares Owned By Insiders | 0.77 % | |||
| Shares Owned By Institutions | 82.31 % | |||
| Number Of Shares Shorted | 4.65 M | |||
| Price To Earning | 11.70 X | |||
| Price To Book | 1.13 X | |||
| Price To Sales | 1.94 X | |||
| Revenue | 5.29 B | |||
| Gross Profit | 3.47 B | |||
| EBITDA | (4 M) | |||
| Net Income | 881 M | |||
| Cash And Equivalents | 5.97 B | |||
| Cash Per Share | 45.60 X | |||
| Total Debt | 9.77 B | |||
| Debt To Equity | 8.51 % | |||
| Book Value Per Share | 42.69 X | |||
| Cash Flow From Operations | 1.25 B | |||
| Short Ratio | 2.38 X | |||
| Earnings Per Share | 5.03 X | |||
| Price To Earnings To Growth | 0.32 X | |||
| Target Price | 59.18 | |||
| Number Of Employees | 7.62 K | |||
| Beta | 1.28 | |||
| Market Capitalization | 7.14 B | |||
| Total Asset | 85.83 B | |||
| Retained Earnings | 11.73 B | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 3.56 % | |||
| Net Asset | 85.83 B | |||
| Last Dividend Paid | 2.84 |
About Comerica Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Comerica's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comerica using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comerica based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Comerica
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comerica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comerica will appreciate offsetting losses from the drop in the long position's value.Moving together with Comerica Stock
| 0.7 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.63 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
Moving against Comerica Stock
| 0.5 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
| 0.49 | EBTC | Enterprise Bancorp | PairCorr |
The ability to find closely correlated positions to Comerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comerica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comerica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comerica to buy it.
The correlation of Comerica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comerica moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comerica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Comerica Piotroski F Score and Comerica Altman Z Score analysis. For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Comerica Stock analysis
When running Comerica's price analysis, check to measure Comerica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.
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Is Comerica's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comerica. If investors know Comerica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comerica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.59) | Dividend Share 2.84 | Earnings Share 5.03 | Revenue Per Share 25.051 | Quarterly Revenue Growth (0.20) |
The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comerica's market value can be influenced by many factors that don't directly affect Comerica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.