Morgan Stanley analyst Manan Gosalia maintains $Comerica (CMA.US)$ with a hold rating, and maintains the target price at $76.
According to TipRanks data, the analyst has a success rate of 59.7% and a total average return of 11.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Comerica (CMA.US)$'s main analysts recently are as follows:
Looking ahead to a more normalized scenario, it appears that Comerica's improvement in operating metrics may lag behind its peers. Although there is an expectation of tailwinds for the bank's net interest income by 2025, driven by securities repricing and renewed loan growth, headwinds could persist from demand deposit accounts in a slow rate-cutting cycle, impacting net interest income.
The firm maintains a constructive stance on bank stocks through 2025, anticipating an acceleration in earnings growth driven by factors such as enhanced loan growth, expanded capital markets activity, the return of positive operating leverage, and continued share buybacks. It envisions price-to-earnings multiples expanding due to a solid economic backdrop, decreased regulation, improved returns, and ongoing mergers and acquisitions. The expectation is that large-cap banks will continue to outperform the market as earnings growth picks up pace.
Note:
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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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