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NEW YORK ( TheStreet) -- Comerica (NYSE: CMA) hit a new 52-week high Monday as it is currently trading at $40.47, above its previous 52-week high of $40.44 with 131,095 shares traded as of 10:15 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. Comerica has a market cap of $7.47 billion and is part of the financial sector and banking industry. Shares are up 31.3% 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, below the S&P 500 P/E ratio of 17.7.