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Enter Symbol:
 
Comerica Incorporated (CMA) [hlAlert]

Rating:
Buy CMA
up 8.18 %

Comerica Incorporated (CMA) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:34 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy Comerica Incorporated (NYSE: CMA) on 01/07/2008, when the stock price was $40.55.
Since then, Comerica Incorporated has gained 8.19% as of 01/20/2016's recent price of $43.87.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on CMA, you would have gained 8.18% of your investment in 2935 days.

Comerica Incorporated (Comerica) is a financial services company. Comerica operates through three business segments: Business Bank, Retail Bank, and Wealth & Institutional Management. In addition to the three lines of business, Comerica also operates through a Finance Division. The Business Bank segment primarily consists of middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services, and technology and life sciences. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth & Institutional Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and discount securities brokerage services.

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
40.55
as of 12/24/2008
1 Week up  1.51 %
1 Month up  15.30 %
3 Months up  29.12 %
1 YTD down  -43.83 %

(*) Stock Price at the time of the recommendation.
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