NEW YORK (

TheStreet

) --

Comerica Inc

(NYSE:

CMA

) hit a new 52-week low Thursday as it is currently trading at $21.75, below its previous 52-week low of $21.79 with 3.5 million shares traded as of 1:30 p.m. ET. Average volume has been four million shares over the past 30 days.

Comerica has a market cap of $4.3 billion and is part of the

financial

sector and

banking

industry. Shares are down 46.3% year to date as of the close of trading on Wednesday.

Comerica Incorporated, through its subsidiaries, provides various financial products and services in Texas, Arizona, California, Florida, and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. The company has a P/E ratio of 12.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Comerica as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full

Comerica Ratings Report

.

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