Comerica Incorporated Has Another Very Negative Options Trading Session

 Comerica Incorporated Has Another Very Negative Options Trading Session

In today’s session Comerica Incorporated (CMA) recorded an unusually high (810) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CMA decrease. With 810 contracts traded and 2974 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CMA161216P00060000 closed last at: $1.14 or 35.7% up. About 461,747 shares traded hands. Comerica Incorporated (NYSE:CMA) has risen 35.62% since April 27, 2016 and is uptrending. It has outperformed by 30.40% the S&P500.

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on January, 17. They expect $0.94 EPS, up 32.39% or $0.23 from last year’s $0.71 per share. CMA’s profit will be $163.62M for 16.78 P/E if the $0.94 EPS becomes a reality. After $0.92 actual EPS reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Out of 24 analysts covering Comerica Inc (NYSE:CMA), 5 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 21% are positive. $56 is the highest target while $34 is the lowest. The $46.30 average target is -26.60% below today’s ($63.08) stock price. Comerica Inc has been the topic of 56 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Wednesday, February 24 with “Hold”. The rating was maintained by FBR Capital with “Mkt Perform” on Wednesday, October 19. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, April 20. The stock has “Buy” rating given by Goldman Sachs on Friday, September 16. RBC Capital Markets maintained the shares of CMA in a report on Wednesday, October 19 with “Outperform” rating. The rating was upgraded by Bank of America on Thursday, April 21 to “Neutral”. Sterne Agee CRT initiated Comerica Incorporated (NYSE:CMA) on Thursday, August 20 with “Neutral” rating. The stock of Comerica Incorporated (NYSE:CMA) earned “Market Perform” rating by Wood on Wednesday, April 20. On Tuesday, October 6 the stock rating was downgraded by JP Morgan to “Neutral”. As per Tuesday, July 21, the company rating was maintained by Jefferies.

According to Zacks Investment Research, “Comerica Inc. is a registered bank holding company. Its operations made up of three lines of business: Business Bank, Individual Bank and Investment Bank. The Business Bank is comprised of middle market lending, asset-based lending, large corporate banking, treasury management and international financial services. The Individual Bank includes consumer lending, consumer deposit gathering, mortgage loan origination and servicing, small business banking and private banking. The Investment Bank is responsible for the sale of mutual fund and annuity products.”

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio improved, as 31 funds sold all Comerica Incorporated shares owned while 125 reduced positions. 43 funds bought stakes while 116 increased positions. They now own 144.79 million shares or 4.93% less from 152.29 million shares in 2016Q1.
Concert Wealth Mgmt owns 5,350 shares or 0.03% of their US portfolio. Robeco Institutional Asset Mgmt Bv accumulated 0% or 655 shares. Moreover, California Pub Employees Retirement has 0.04% invested in Comerica Incorporated (NYSE:CMA) for 547,764 shares. Third Avenue Ltd last reported 1.95M shares in the company. Advisor Limited Company holds 0.09% of its portfolio in Comerica Incorporated (NYSE:CMA) for 6,319 shares. Brandywine Invest Limited Liability Com owns 163,813 shares or 0.05% of their US portfolio. Exxonmobil Mngmt Inc Tx last reported 45,333 shares in the company. Henderson Gp Public Limited, a United Kingdom-based fund reported 14,182 shares. Zweig reported 200,000 shares or 0.84% of all its holdings. The California-based Hennessy Advsrs Inc has invested 0.02% in Comerica Incorporated (NYSE:CMA). Mutual Of America Capital Mngmt Lc holds 0.02% or 20,389 shares in its portfolio. Toronto Dominion Natl Bank accumulated 0% or 961 shares. Tokio Marine Asset Ltd has invested 0.03% of its portfolio in Comerica Incorporated (NYSE:CMA). The Connecticut-based Endeavour Advisors has invested 1.89% in Comerica Incorporated (NYSE:CMA). Amer National Insur Tx reported 19,000 shares or 0.05% of all its holdings.

Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 9 insider sales for $630,120 net activity. OBERMEYER PAUL R sold 198 shares worth $12,267. RITCHIE MICHAEL T sold $7,074 worth of stock. Carr Muneera S also sold $101,425 worth of Comerica Incorporated (NYSE:CMA) on Friday, October 21. On Wednesday, November 23 the insider Love Judith S sold $5,972. Another trade for 106 shares valued at $6,432 was made by Guilfoile Peter William on Friday, November 18. $5,489 worth of shares were sold by MICHALAK MICHAEL H on Friday, November 18. 4,373 Comerica Incorporated (NYSE:CMA) shares with value of $265,534 were sold by Burkhart Megan D.

Comerica Incorporated is a financial services company. The company has a market cap of $10.98 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 26.24 P/E ratio. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management.

CMA Company Profile

Comerica Incorporated (Comerica), incorporated on November 13, 1972, is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business divisions, it also operates in the Finance segment. The Firm offers a range of loans, which include commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans, residential mortgage loans and consumer loans. Comerica owns directly or indirectly over two active banking and over 40 non-banking subsidiaries. Comerica has total deposits of approximately $59.9 billion and total loans of approximately $49.1 billion. Comerica operates in three geographic markets, which include Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.

Another recent and important Comerica Incorporated (NYSE:CMA) news was published by Prnewswire.com which published an article titled: “Michael E. Collins Appointed to the Comerica Incorporated Board of Directors” on November 08, 2016.

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