Comerica Rises On Unusually High Volume (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) is trading at unusually high volume Friday with 3.9 million shares changing hands. It is currently at two times its average daily volume and trading up $1.32 (+3.5%) at $38.78 as of 3:40 p.m. ET.

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Comerica has a market cap of $6.98 billion and is part of the financial sector and banking industry. Shares are up 23.5% year to date as of the close of trading on Thursday.

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

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 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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