Comerica Stock Hits New 52-Week High (CMA)

NEW YORK ( TheStreet) -- Comerica (NYSE: CMA) hit a new 52-week high Monday as it is currently trading at $42.58, above its previous 52-week high of $42.57 with 1.4 million shares traded as of 1:55 p.m. ET. Average volume has been two million shares over the past 30 days.

Comerica has a market cap of $7.64 billion and is part of the financial sector and banking industry. Shares are up 40.3% 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.

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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 attractive valuation levels. 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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