Summary
Comerica is a regional bank with high exposure to commercial banking.
Its business mix makes it highly sensitive to higher interest rates.
If the Fed continues in its hiking pace, Comerica’s growth prospects are very good.
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Comerica (CMA) is one of the banks with higher asset sensitivity to interest rates, being therefore a very good growth play within the banking sector right now.
Comerica Incorporated is a holding company providing financial services including corporate banking, international finance, treasury management, community and private banking, investment services, beyond others. Comerica has a long history, given that it was founded almost 170 years ago.
Comerica has been listed on the New York Stock Exchange since 1991, and currently has a market capitalization of about $16.5 billion. Its closest competitors are other regional banks, like BB&T (BBT), SunTrust Banks(STI) or Fifth Third Bancorp (FITB).
