Comerica Total Debt vs. Shares Outstanding
| 0I1P Stock | 67.06 2.10 3.04% |
For Comerica profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Comerica to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Comerica utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Comerica's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Comerica over time as well as its relative position and ranking within its peers.
Comerica |
Comerica Shares Outstanding vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Comerica's current stock value. Our valuation model uses many indicators to compare Comerica value to that of its competitors to determine the firm's financial worth. Comerica is rated third in total debt category among its peers. It is number one stock in shares outstanding category among its peers creating about 0.02 of Shares Outstanding per Total Debt. The ratio of Total Debt to Shares Outstanding for Comerica is roughly 60.43 . Common Stock Shares Outstanding is likely to gain to about 166.9 M in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Comerica's earnings, one of the primary drivers of an investment's value.Comerica Total Debt vs. Competition
Comerica is rated third in total debt category among its peers. Total debt of Industrials industry is presently estimated at about 133.93 Billion. Comerica holds roughly 9.77 Billion in total debt claiming about 7% of equities under Industrials industry.
Comerica Shares Outstanding vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Comerica |
| = | 9.77 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Comerica |
| = | 161.7 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Comerica Shares Outstanding Comparison
Comerica is currently under evaluation in shares outstanding category among its peers.
Comerica Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Comerica, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Comerica will eventually generate negative long term returns. The profitability progress is the general direction of Comerica's change in net profit over the period of time. It can combine multiple indicators of Comerica, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -3 B | -2.9 B | |
| Operating Income | 1.4 B | 1.4 B | |
| Net Income | 881 M | 633.9 M | |
| Income Tax Expense | 263 M | 220.5 M | |
| Income Before Tax | 1.1 B | 888 M | |
| Total Other Income Expense Net | -206 M | -216.3 M | |
| Net Interest Income | 1.7 B | 1.7 B | |
| Net Income Applicable To Common Shares | 1.3 B | 1.1 B | |
| Change To Netincome | 27 M | 25.6 M |
Comerica Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Comerica. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Comerica position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Comerica's important profitability drivers and their relationship over time.
Use Comerica in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comerica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comerica will appreciate offsetting losses from the drop in the long position's value.Comerica Pair Trading
Comerica Pair Trading Analysis
The ability to find closely correlated positions to Comerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comerica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comerica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comerica to buy it.
The correlation of Comerica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comerica moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comerica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Comerica position
In addition to having Comerica in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Computers Thematic Idea Now
Computers
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.
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Additional Tools for Comerica Stock Analysis
When running Comerica's price analysis, check to measure Comerica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.