15 Best Bank Stocks to Buy According to Billionaires

11. Comerica Incorporated (NYSE:CMA)

Number of Billionaire Investors: 14

Comerica Incorporated (NYSE:CMA) is a Texas-based financial services company operating in the United States, Canada, and Mexico. It offers business banking, personal banking, and wealth management services, including loans, credit cards, investment management, and financial planning. It ranks 11th on our list of the best bank stocks to buy.

On February 25, Comerica Incorporated (NYSE:CMA) announced a quarterly dividend of $0.71 per common share, payable on April 1, to shareholders on record as of March 14. The company also declared a $1,406.25 dividend per Series A Preferred Stock share, which will be distributed on the same date to preferred shareholders on record.

Comerica Incorporated (NYSE:CMA)’s earnings per share dropped 12% to $1.20 in the fourth quarter of 2024, mainly due to rising expenses. Loan demand was weak, and the bank expects little to no loan growth in 2025, which is disappointing compared to its peers. Average loans dipped slightly to $50.6 billion, mostly due to commercial real estate loan paydowns. While net interest income is expected to grow 6%-7% in 2025, core NII will likely rise only around 3%. On the bright side, Comerica has a three-year transition period for the Direct Express program, which could help grow core deposits but will bring additional costs.

DA Davidson assigned a Neutral rating and a $67 price target for Comerica on March 5, noting that loan and deposit trends match forecasts. The bank expects a 1-2% drop in Q1 2025 net interest income. Despite this, the firm observed that Comerica is a stable stock as it maintains a strong 4.77% dividend yield and a 55-year streak of consistent payouts.