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TheStreet Open House

3 Biggest Bank Stress Test Dividend Winners

1. Comerica


Shares of Comerica (CMA - Get Report) of Dallas closed at $29.99 Monday, returning 18% year-to-date, following a 38% decline during 2011.

The shares trade for0.9 times tangible book value, and for 11 times the consensus 2013 EPS estimate of $2.63.

Comerica's ROA has ranged between 0.67% and 0.93% over the past five quarters, according to Thomson Reuters Bank Insight.

Based on a quarterly payout of 15 cents, the shares have a dividend yield of 2.00%. Comerica's board in March authorized up to $375 million in common stock repurchases through the first quarter of 2013. The company bought back about $215.5 million in shares during the first three quarters of 2012.

O'Connor expects Comerica's combined payout ratio during 2013 to be 101%, with dividends increasing to $137 million from $106 million in 2012, and common share buybacks increasing to $328 million from $293 million.

The analyst expects Comerica's 2013 dividend yield to increase to 2.5%.

CMA Chart CMA data by YCharts

Interested in more on Comerica? See TheStreet Ratings' report card for this stock.

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-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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