Comerica (NYSE:CMA) hit a new 52-week high Monday as it is currently trading at $40.21, above its previous 52-week high of $40.02 with 348,978 shares traded as of 11:05 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.
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 $40.21, above its previous 52-week high of $40.02 with 348,978 shares traded as of 11:05 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. Comerica has a market cap of $7.37 billion and is part of the financial sector and banking industry. Shares are up 31.4% 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 14.6, 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Comerica Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.