Just the Facts on Comerica Incorporated (CMA)

Comerica Incorporated (NYSE:CMA) is an interesting player in the Financial space, with a focus on Money Center Banks. The stock has been active on the tape, currently trading at $69.22, up from yesterday’s close by -0.85%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Comerica Incorporated (CMA) currently trades with a market capitalization of $11.92B. That value represents a market adjusting for revenues that have been growing by 7.60% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CMA, the company currently has $8.47B of cash on the books, which is offset by $6.30B current liabilities. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.96 on a per share basis this quarter. Perhaps, that suggests something about why 86.40% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Comerica Incorporated recorded a 52-week high of 71.20. It is now trading 1.39 off that level. The stock is trading 67.77 its 50-day moving average by -2.04. The stock carved out a 52-week low down at 30.48.

In recent action, Comerica Incorporated (CMA) has made a move of +1.73% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 71, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 170.94M with 3.61% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CMA.

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