Comerica Stock Hits New 52-Week High (CMA)

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 Monday as it is currently trading at $38.17, above its previous 52-week high of $38.12 with 189,954 shares traded as of 10:30 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Comerica has a market cap of $7.05 billion and is part of the financial sector and banking industry. Shares are up 24.4% year to date as of the close of trading on Friday.

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 13.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, solid stock price performance and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Comerica Ratings Report.

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