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 0.1%. By the end of trading, Comerica fell 41 cents (-1.3%) to $31.93 on average volume. Throughout the day, two million shares of Comerica exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $31.82-$32.30 after having opened the day at $32.26 as compared to the previous trading day's close of $32.34. Other companies within the Banking industry that declined today were: HMN Financial ( HMNF), down 9.7%, Southern Connecticut Bancorp ( SSE), down 7.1%, Hampton Roads Bankshares ( HMPR), down 6.9%, and QC Holdings ( QCCO), down 5.5%.
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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 $6.19 billion and is part of the financial sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Monday. Currently there are six analysts that rate Comerica a buy, three analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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).

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