Comerica Inc (CMA): Today's Featured Banking Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Comerica (CMA) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Comerica fell 75 cents (-2.4%) to $30.29 on heavy volume. Throughout the day, 5.4 million shares of Comerica exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $30.01-$30.86 after having opened the day at $30.86 as compared to the previous trading day's close of $31.04. Other companies within the Banking industry that declined today were: Oak Ridge Financial Services (BKOR), down 11.1%, MBT Financial Corporation (MBTF), down 6.8%, American River Bankshares (AMRB), down 5.1%, and Southcoast Financial Corporation (SOCB), down 5%.

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Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. Comerica has a market cap of $5.98 billion and is part of the financial sector. The company has a P/E ratio of 13, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Comerica a buy, three analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Comerica Ratings Report.

On the positive front, United Security (UBFO), up 16%, Cathay General Bancorp (CATY), up 11.5%, Pinnacle Financial Partners (PNFP), up 10.2%, and First Capital (FCAP), up 8.3%, were all gainers within the banking industry with Wells Fargo (WFC) being today's featured banking industry leader.

• Use our banking section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Comerica Inc click any of the following:

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• Comerica Inc Growth Rates

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• Comerica Inc Income Statement