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DALLAS - Comerica Incorporated (NYSE:CMA) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.71 per share on its common stock, representing a 4.08% yield. The dividend will be payable on Oct. 1, 2025, to shareholders of record as of Sept. 15, 2025. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years, demonstrating remarkable consistency in shareholder returns.
The Dallas-based financial services company maintains its dividend level as it continues operations across its three business segments: The Commercial Bank, The Retail Bank and Wealth Management.
Comerica, which ranks among the 25 largest commercial U.S. financial holding companies, reported total assets of $78.0 billion as of June 30, 2025. The bank operates in 15 states with banking centers concentrated in Arizona, California, Florida, Michigan and Texas.
Founded in 1849 in Detroit, Michigan, Comerica has expanded its presence to include a Southeast Market based in North Carolina and a Mountain West Market in Colorado. The company also provides services in 13 of the 15 largest U.S. metropolitan areas, as well as maintaining operations in Canada and Mexico.
The dividend announcement was made in a company press release issued Tuesday.
In other recent news, Comerica Inc. has been the focus of several analyst updates and investor discussions. The bank’s recent quarterly results showed strong pre-provision net revenue performance, with expenses coming in below expectations, although its net interest margin compressed slightly to 3.16%, which was below consensus estimates. Following these earnings, Stephens raised its price target for Comerica to $68, while maintaining an Equal Weight rating, citing mixed earnings results. Additionally, DA Davidson increased its price target to $60, highlighting a rebound in average loan growth and positive momentum expected in the latter half of 2025, despite lower projected net interest income.
Keefe, Bruyette & Woods also raised their price target to $73, maintaining an Outperform rating, and referred to Comerica as a "deep-value opportunity" due to its valuation metrics. UBS, on the other hand, kept a Neutral rating with a $64 price target, expressing concerns over expenses. Meanwhile, HoldCo Asset Management released a presentation urging Comerica’s board to consider a sale process. These developments reflect a range of perspectives on Comerica’s financial health and strategic direction, providing investors with various insights into the company’s future prospects.
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