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. NEW YORK ( TheStreet) -- Comerica (NYSE: CMA) hit a new 52-week high Thursday as it is currently trading at $35.60, above its previous 52-week high of $35.56 with 223,365 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Comerica has a market cap of $6.54 billion and is part of the financial sector and banking industry. Shares are up 16.3% year to date as of the close of trading on Wednesday. Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The company has a P/E ratio of 13, below the S&P 500 P/E ratio of 17.7.
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