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 0.6%. By the end of trading, Comerica fell $0.63 (-1.6%) to $38.86 on average volume. Throughout the day, 2,821,186 shares of Comerica exchanged hands as compared to its average daily volume of 2,012,300 shares. The stock ranged in price between $38.36-$39.78 after having opened the day at $39.60 as compared to the previous trading day's close of $39.49. Other companies within the Banking industry that declined today were: National Bank of Greece ( NBG), down 15.2%, Credit Suisse ( DSLV), down 7.3%, Royal Bancshares of Pennsylvania ( RBPAA), down 6.7% and Southcoast Financial Corporation ( SOCB), down 6.7%.
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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. Comerica has a market cap of $7.5 billion and is part of the financial sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 30.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Comerica a buy, 8 analysts rate it a sell, and 13 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, growth in earnings per share, good cash flow from operations, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, First Defiance Financial Corporation ( FDEF), down 7.9%, Ohio Valley Banc Corporation ( OVBC), down 7.6%, BankFinancial Corporation ( BFIN), down 7.0% and Emclaire Financial Corporation ( EMCF), down 6.9% , were all gainers within the banking industry with UBS ( UBS) being today's featured banking industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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