On January 22, 2026, James Harry Weber, Executive Vice President of Comerica, proceeded with the sale of 8,798 shares of the bank’s common stock at a price of $98.04 per share. This transaction yielded approximately $862,555 in proceeds and occurred near Comerica’s 52-week high of $99.41. The stock has experienced noteworthy appreciation, rising by over 58% in the prior 12 months, according to data from InvestingPro.
Concurrently, Mr. Weber exercised stock options to purchase the same quantity of 8,798 shares of Comerica common stock at exercise prices ranging from $53.96 to $80.17. The total acquisition cost for these shares was about $581,102. With Comerica currently trading at a price-to-earnings ratio of 17.69, the stock is considered overvalued relative to its fair value assessment based on InvestingPro analytical metrics.
Comerica maintains a longstanding record of financial resilience, evidenced by its 55 consecutive years of dividend payments, highlighting stability through varying market environments. More insights on the company’s financials and valuations are accessible through the detailed Comerica Pro Research Report provided to InvestingPro subscribers.
In recent corporate updates, Comerica announced quarterly results that outpaced analyst expectations for the fourth quarter. Adjusted earnings per share reached $1.46, exceeding the anticipated $1.29 consensus by $0.17. Revenue also matched closely with forecasted figures, amounting to $850 million against projections of $850.16 million.
These financial results are announced as Comerica approaches the final stages of its merger with Fifth Third Bancorp. The merger was initially disclosed on October 6, 2025, and is expected to conclude within the first quarter of 2026. This significant strategic move is part of Comerica’s ongoing efforts to pursue growth and optimize operational synergies.