Will Comerica Incorporated (NYSE:CMA) be Surging after Earnings Report?

Comerica Incorporated (NYSE:CMA) moved down -0.35% and closed its last trading session at $51.46. This Finance Sector stock currently has the Market Capitalization of 8.98 Billion. The Average Volume for the stock is measured as 1.91 Million. The Stock has a 52-Week High of $52.04 and 52-Week Low of $30.48 following the dates, it touched its 52-Week High on Oct 19, 2016 and 52-Week Low on Feb 11, 2016. Currently, the Return on Assets value for the trailing twelve months is 0.6% with the Return on Equity and Return on Investment of 5.6% and 12.4% respectively. This firm currently has YTD (year to date) performance of 24.97 Percent which is awesome. The Short Ratio for the stock is 2.33.

Comerica Incorporated (NYSE:CMA) Price to Earnings (P/E) ratio is 21.41. EPS or Earning per Share stands at $2.4. The TTM operating margin is 79.8 percent.

Comerica Incorporated (NYSE:CMA) is due to report its Earnings on Tue 18 Oct (5 days ago). The estimated EPS for the current quarter is said to be $0.74. Following Earnings result, share price were UP 14 times out of last 27 Qtrs. The stock has added about 7.1% since it reported its last earnings. The Closing price of Comerica Incorporated (NYSE:CMA) at Last Earnings was $48.06 as compared to the previous closing price of $51.46. The Predicted Move on the 7th day after Comerica Incorporated (NYSE:CMA) will release its earnings at about 3%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Comerica Incorporated (NYSE:CMA) beats earnings by 75%, The Stock Missed Earnings  3  times and has met earnings  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

On 07/19/2016, the stock reported the EPS of $0.34 where Analysts were projecting the EPS to be $0.45 showing a difference of $-0.11. Thus Surprise Factor was there with -24.4 percent. Before Earnings Announcement on 07/19/2016, the firm had its stock price of $43.51. And immediately on the next day after earnings announcement, the stock inclined 2.44% and closed its trading session at $44.57. On 7th Day after earnings release, Comerica Incorporated (NYSE:CMA) surged to 3.52% from $43.51 to $45.04.

On 04/19/2016, Analysts were suspecting EPS of $0.69/share where Comerica Incorporated (NYSE:CMA) reported its Actual EPS of $0.71. Thus showing a Surprise of 2.9 percent. The Closing Price of the stock before earnings was $39.56 while on the Next day the stock closed its trading session at $41.22 with a percentage change of 4.2% from the price of 39.56 before Earnings. The Stock Closing Price on the 7th day of earnings was $43.24.

Company Profile:

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.