J.P. Morgan analyst Anthony Elian maintains $Comerica (CMA.US)$ with a hold rating, and adjusts the target price from $73 to $70.
According to TipRanks data, the analyst has a success rate of 28.6% and a total average return of -6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Comerica (CMA.US)$'s main analysts recently are as follows:
As we enter the Q4 earnings season for regional banks, it's anticipated that fundamental trends will reveal only minimal changes in loan and deposit growth, with net interest margins slightly declining. Credit trends are expected to remain stable. Moreover, the focus post-earnings is likely to shift towards the 2025 outlooks of these banks, which are expected to factor in a 'higher for a bit longer' interest rate scenario. Optimism for regional bank stocks in 2025 is maintained, albeit cautiously, considering a less aggressive forecast for rate cuts by the Federal Reserve.
Looking ahead to a normalized future environment, it is suggested that Comerica's pace of improvement in operating metrics may lag behind its peers. While tailwinds are expected for the bank's net interest income in 2025 due to securities repricing and the resurgence of loan growth, headwinds may persist from demand deposit accounts in a slower rate-cutting cycle, which could affect net interest income.
The firm expresses a constructive outlook on bank stocks with anticipation of accelerated earnings growth by 2025, driven by enhanced loan growth, heightened capital markets activity, the return of positive operating leverage, and share buybacks. It is projected that price-to-earnings multiples will expand based on a stable economic environment, reduced regulation, higher returns, and ongoing mergers and acquisitions. The expectation is that large-cap banks will continue to surpass market performance into 2025 as their earnings growth advances.
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根大通分析師Anthony Elian維持$聯信銀行 (CMA.US)$持有評級，並將目標價從73美元下調至70美元。
根據TipRanks數據顯示，該分析師近一年總勝率為28.6%，總平均回報率為-6.4%。
此外，綜合報道，$聯信銀行 (CMA.US)$近期主要分析師觀點如下：
隨着地區銀行進入第四季度業績季，預計基本面趨勢將顯示貸款和存款增長的變化微乎其微，凈利率將略有下降。信貸趨勢預計將保持穩定。此外，業績後的焦點可能會轉移到這些銀行2025年的前景上，預計這些前景將考慮 「在更長的時間內更高」 的利率情景。考慮到聯儲局對減息的預測不那麼激進，儘管持謹慎態度，但對2025年地區銀行股的樂觀情緒得以維持。
展望正常化的未來環境，有人認爲，Comerica在運營指標方面的改善步伐可能會落後於同行。儘管由於證券定價和貸款增長的復甦，預計該銀行在2025年的淨利息收入將迎來不利因素，但在較慢的減息週期中，活期存款賬戶的不利因素可能會持續存在，這可能會影響淨利息收入。
該公司對銀行股表達了建設性的展望，預計到2025年，在貸款增長加快、資本市場活動加強、正運營槓桿率回歸和股票回購的推動下，收益將加速增長。預計在穩定的經濟環境、減少監管、更高的回報以及持續的兼併和收購的基礎上，市盈倍數將擴大。預計隨着收益增長的推進，到2025年，大盤銀行將繼續超越市場表現。
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