Comerica Financial Statements From 2010 to 2024

CMA Stock  USD 54.23  2.23  4.29%   
Comerica financial statements provide useful quarterly and yearly information to potential Comerica investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Comerica financial statements helps investors assess Comerica's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Comerica's valuation are summarized below:
Gross Profit
3.5 B
Profit Margin
0.2515
Market Capitalization
7.2 B
Revenue
3.5 B
Earnings Share
6.44
We have found one hundred twenty available fundamental signals for Comerica, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to validate all of Comerica prevailing market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road.
Check Comerica financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Comerica main balance sheet or income statement drivers, such as Interest Expense of 479.5 M, Other Operating Expenses of 4.4 B or Total Operating Expenses of 873.6 M, as well as many exotic indicators such as Short Term Coverage Ratios of 0.33, Price Earnings Ratio of 15.19 or Price To Sales Ratio of 2.34. Comerica financial statements analysis is a perfect complement when working with Comerica Valuation or Volatility modules.
  
This module can also supplement Comerica's financial leverage analysis and stock options assessment as well as various Comerica Technical models . Check out the analysis of Comerica Correlation against competitors.
For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.

Comerica Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding167 M132.6 M159.6 M
Pretty Stable
Total Assets59.4 B85.8 B69.8 B
Slightly volatile
Short and Long Term Debt Total6.7 B9.8 BB
Slightly volatile
Total Current Liabilities33 B31.4 B4.7 B
Slightly volatile
Total Stockholder Equity5.6 B6.4 B6.7 B
Pretty Stable
Property Plant And Equipment Net495.2 M445 M485.1 M
Pretty Stable
Retained Earnings12.3 B11.7 B8.1 B
Slightly volatile
Cash10 B9.5 B7.7 B
Slightly volatile
Non Current Assets Total79.7 B75.9 B14.9 B
Slightly volatile
Other Assets43.5 B61.8 B51.3 B
Very volatile
Net Receivables4.7 BB5.1 B
Slightly volatile
Liabilities And Stockholders Equity59.4 B85.8 B69.8 B
Slightly volatile
Non Current Liabilities Total50.4 B48 B41.5 B
Very volatile
Total Liabilities51.5 B79.4 B58 B
Slightly volatile
Property Plant And Equipment Gross1.5 B1.4 B740.7 M
Slightly volatile
Total Current Assets8.7 B9.9 B12.5 B
Slightly volatile
Short Term Debt3.7 B3.6 B886.7 M
Slightly volatile
Common Stock Total Equity1.1 B1.3 B1.1 B
Slightly volatile
Other Liabilities183 M192.6 M527.9 M
Slightly volatile
Long Term Debt5.5 B5.2 B4.5 B
Slightly volatile
Good Will488.5 M730.2 M613.6 M
Pretty Stable
Short Term Investments1.1 B1.2 B10 B
Pretty Stable
Intangible Assets630.3 M600.3 M286.6 M
Slightly volatile
Property Plant Equipment559.1 M460 M500.7 M
Pretty Stable
Net Tangible Assets5.6 B4.3 B6.8 B
Slightly volatile
Retained Earnings Total Equity8.4 B12.9 B8.3 B
Slightly volatile
Long Term Debt Total3.7 B2.7 B4.4 B
Pretty Stable
Capital Surpluse2.3 B2.6 B2.2 B
Slightly volatile
Long Term Investments32.9 B17.3 B40.6 B
Slightly volatile
Non Current Liabilities Other1.5 BB1.5 B
Slightly volatile
Short and Long Term Debt4.8 B4.6 B1.2 B
Slightly volatile
Earning Assets24.2 B44.4 B23.3 B
Slightly volatile
Net Invested Capital10.5 B15.8 B12.7 B
Very volatile
Capital Stock1.5 B1.8 B1.3 B
Slightly volatile
Current Deferred Revenue31.9 M32 M27.4 M
Slightly volatile

Comerica Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Income580.9 M881 M703.5 M
Slightly volatile
Depreciation And Amortization105.3 M87 M107 M
Very volatile
Selling General Administrative921 M1.4 BB
Slightly volatile
Total Revenue2.7 B5.3 B2.9 B
Slightly volatile
Gross Profit2.7 B5.3 B2.9 B
Slightly volatile
Income Before Tax888 M1.1 B949.7 M
Slightly volatile
Net Income Applicable To Common Shares750.5 M1.3 B777.4 M
Slightly volatile
Discontinued Operations13.6 M15.3 M16.7 M
Slightly volatile
Selling And Marketing Expenses32.5 M40 M29.8 M
Slightly volatile
Net Income From Continuing Ops822.9 M1.2 B753.1 M
Slightly volatile
Tax Provision324 M340 M274.7 M
Slightly volatile
Net Interest Income2.3 B2.7 BB
Slightly volatile
Interest Income2.7 BB2.2 B
Slightly volatile
Reconciled Depreciation84.5 M85 M111.4 M
Slightly volatile

Comerica Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow783.1 M1.1 B769.6 M
Slightly volatile
Begin Period Cash Flow4.3 B6.3 B6.8 B
Slightly volatile
Depreciation105.3 M87 M107 M
Very volatile
Total Cash From Operating Activities869.2 M1.3 B853.2 M
Slightly volatile
Net Income633 M881 M707.1 M
Slightly volatile
End Period Cash Flow10 B9.5 B7.7 B
Slightly volatile
Stock Based Compensation44.3 M52 M38.5 M
Slightly volatile
Issuance Of Capital Stock17.1 M18 M65.4 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios0.330.350916.7612
Very volatile
Price Earnings Ratio15.198.36213.099
Pretty Stable
Price To Sales Ratio2.341.39132.9012
Very volatile
Dividend Yield0.03850.05350.0289
Slightly volatile
Price Book Value Ratio1.751.151.2966
Slightly volatile
Operating Cash Flow Per Share9.959.47735.7362
Slightly volatile
Dividend Payout Ratio0.580.44720.3454
Slightly volatile
Price To Operating Cash Flows Ratio7.645.888810.5402
Pretty Stable
Free Cash Flow Per Share8.738.31825.1466
Slightly volatile
Price To Free Cash Flows Ratio6.376.709411.785
Pretty Stable
Pretax Profit Margin0.260.21610.3143
Slightly volatile
Ebt Per Ebit0.420.790.7823
Pretty Stable
Effective Tax Rate0.340.22990.2602
Very volatile
Company Equity Multiplier12.6313.39911.1168
Pretty Stable
Long Term Debt To Capitalization0.520.49210.3848
Slightly volatile
Cash Per Share49.3880.9924113
Slightly volatile
Total Debt To Capitalization0.590.6040.4282
Slightly volatile
Payout Ratio0.580.44720.3454
Slightly volatile
Debt Equity Ratio1.561.52530.8144
Slightly volatile
Quick Ratio0.560.5946376
Pretty Stable
Net Income Per E B T0.550.77010.735
Very volatile
Cash Ratio0.290.3025103
Pretty Stable
Operating Cash Flow Sales Ratio0.350.23630.3009
Pretty Stable
Days Of Sales Outstanding430551608
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.970.87770.8891
Slightly volatile
Cash Flow Coverage Ratios0.130.1280.1866
Slightly volatile
Price To Book Ratio1.751.151.2966
Slightly volatile
Current Ratio0.30.315281.4586
Pretty Stable
Fixed Asset Turnover12.4911.89896.5602
Slightly volatile
Price Cash Flow Ratio7.645.888810.5402
Pretty Stable
Debt Ratio0.130.11380.0734
Slightly volatile
Cash Flow To Debt Ratio0.130.1280.1866
Slightly volatile
Price Sales Ratio2.341.39132.9012
Very volatile
Return On Assets0.0120.01030.01
Slightly volatile
Receivables Turnover0.630.66280.8763
Slightly volatile
Asset Turnover0.05280.06170.0424
Slightly volatile
Net Profit Margin0.180.16640.2339
Slightly volatile
Gross Profit Margin0.80.90.9796
Slightly volatile
Price Fair Value1.751.151.2966
Slightly volatile
Return On Equity0.140.13750.1106
Slightly volatile
Operating Cycle494578626
Slightly volatile
Cash Conversion Cycle494578626
Slightly volatile

Comerica Fundamental Market Drivers

Forward Price Earnings9.7561
Cash And Short Term Investments-1.4 B

Comerica Upcoming Events

18th of April 2024
Upcoming Quarterly Report
View
19th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
17th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Comerica Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Comerica income statement, its balance sheet, and the statement of cash flows. Comerica investors use historical funamental indicators, such as Comerica's revenue or net income, to determine how well the company is positioned to perform in the future. Although Comerica investors may use each financial statement separately, they are all related. The changes in Comerica's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Comerica's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Comerica Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Comerica. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue32 M31.9 M
Total Revenue5.3 B2.7 B
Cost Of Revenue239.4 M227.4 M
Ebit Per Revenue(0.0008)(0.0007)

Comerica Investors Sentiment

The influence of Comerica's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comerica. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Comerica's public news can be used to forecast risks associated with an investment in Comerica. The trend in average sentiment can be used to explain how an investor holding Comerica can time the market purely based on public headlines and social activities around Comerica. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Comerica's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comerica's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comerica's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comerica.

Comerica Implied Volatility

    
  80.72  
Comerica's implied volatility exposes the market's sentiment of Comerica stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Comerica's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Comerica stock will not fluctuate a lot when Comerica's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comerica in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comerica's short interest history, or implied volatility extrapolated from Comerica options trading.

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

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Moving against Comerica Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Comerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comerica's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Comerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comerica Stock:
Check out the analysis of Comerica Correlation against competitors.
For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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
(0.92)
Dividend Share
2.84
Earnings Share
6.44
Revenue Per Share
26.538
Quarterly Revenue Growth
(0.22)
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.