|Free Dividend Report|
|CMA Dividend History|
|CMA Stock Split History|
|Preferred Stock Newsletter|
|CMA Options Chain|
|Stock Message Boards|
Comerica (CMA) has 3 splits in our Comerica stock split history database. The first split for CMA took place on June 20, 1991. This was a 3 for 2 split, meaning for each 2 shares of CMA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CMA's second split took place on January 05, 1993. This was a 2 for 1 split, meaning for each share of CMA owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. CMA's third split took place on April 02, 1998. This was a 3 for 2 split, meaning for each 2 shares of CMA owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split.
When a company such as Comerica splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Comerica stock split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Comerica shares, starting with a $10,000 purchase of CMA, presented on a split-history-adjusted basis factoring in the complete Comerica stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-1.36%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.13%|
|Comerica is a financial holding company, engaged in lending to and accepting deposits from businesses and individuals. Co.'s segments are: Business Bank, which provides commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services; Retail Bank, which provides consumer lending, consumer deposit gathering and mortgage loan origination; and Wealth Management, which provides products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. According to our Comerica stock split history records, Comerica has had 3 splits.|
|CMA Split History Table|
|06/20/1991||3 for 2|
|01/05/1993||2 for 1|
|04/02/1998||3 for 2|
|Financials Stock Splits|
|CMA is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CMA shares outstanding history