RBC Capital analyst Jon Arfstrom maintains $Comerica (CMA.US)$ with a buy rating, and adjusts the target price from $79 to $78.
According to TipRanks data, the analyst has a success rate of 57.0% and a total average return of 15.1% 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 approach the fourth quarter earnings season for regional banks, it's expected that the fundamental trends will be underscored by limited growth in loans and deposits, a slight decline in net interest margins, and stable overall credit trends. Moving past immediate results, the focus is likely to shift towards projections for 2025, which are anticipated to account for the ongoing scenario of sustained higher interest rates. An optimistic stance is maintained on regional bank stocks into 2025, albeit with a cautious note concerning the Federal Reserve's moderating outlook on rate cuts.
In a more normalized environment, the improvement in Comerica's operating metrics is expected to lag behind its peers. Despite potential tailwinds in 2025 stemming from securities repricing and the return of loan growth, challenges in demand deposit accounts during a slower interest rate cutting cycle could continue to impact net interest income negatively.
Considering adjustments in the rate environment and the economic forecast in recent months, there's heightened anticipation about the 2025 projections, influenced by optimism about the incoming U.S. administration. The focus in the near to medium term will likely cover subjects such as the path of deposit betas, net interest margins, and growth potentials. It's noted that the primary adjustments to our models mostly involved refining margin assumptions and adjusting expectations for near-term loan growth.
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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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加皇資本市場分析師Jon Arfstrom維持$聯信銀行 (CMA.US)$買入評級，並將目標價從79美元下調至78美元。
根據TipRanks數據顯示，該分析師近一年總勝率為57.0%，總平均回報率為15.1%。
此外，綜合報道，$聯信銀行 (CMA.US)$近期主要分析師觀點如下：
隨着地區銀行第四季度業績季的臨近，預計貸款和存款增長有限、凈利率略有下降以及整體信貸趨勢穩定的將突顯基本面趨勢。超越眼前的業績，重點可能會轉移到2025年的預測上，預計這些預測將考慮到利率持續上升的持續情景。儘管對聯儲局溫和的減息前景持謹慎態度，但對地區銀行股的樂觀立場一直持續到2025年。
在更加正常化的環境中，預計Comerica運營指標的改善將落後於同行。儘管2025年證券重新定價和貸款增長回報帶來了潛在的不利因素，但在較慢的減息週期中，活期存款賬戶面臨的挑戰可能會繼續對淨利息收入產生負面影響。
考慮到最近幾個月利率環境的調整和經濟預測，受對即將上任的美國政府的樂觀情緒影響，人們對2025年預測的預期有所提高。短期至中期的重點可能會涵蓋存款beta路徑、凈利率和增長潛力等主題。值得注意的是，我們模型的主要調整主要涉及完善利潤率假設和調整對短期貸款增長的預期。
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