Comerica

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment meets the needs of small and middle market businesses, multinational corporations and governmental entities by offering various products and services, including 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. The Retail Bank segment includes small business banking and personal financial services, which consist of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment consists of the corporation's securities portfolio and asset and liability management activities. The Other category includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.

Earnings data Q1 2021

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Comerica achieves record earnings in 2022, focuses on sustainability

Comerica's 2022 performance showcased robust financial results, a strong focus on corporate responsibility, and a commitment to sustainability. While facing challenges in expense management and deposit trends, the company's outlook for 2023 remains positive with opportunities for growth and efficiency enhancements.

Comerica reports robust Q1 earnings, focuses on deposit stability

Comerica's Q1 performance reflected strength in earnings, loan growth, and credit quality, despite challenges with expenses and deposit fluctuations. The company's strategic focus on partnerships, national expansion, and deposit stability positions it well for future growth. Executives outlined plans to address industry trends, enhance deposit retention, and manage balance sheet effectively.

Comerica reports strong Q2 earnings, eyes growth amid challenges

Comerica's Q2 2023 performance showcased strong earnings, credit quality, and liquidity, with a focus on fee income and strategic investments driving growth. Challenges include declining deposit balances and cautious approaches in certain sectors.
The company's strengths lie in its capital position, transformational expansion, and noninterest income growth. Opportunities exist in expanding into new markets, optimizing financial metrics, and adjusting strategies for changing market conditions.
Overall, Comerica's performance reflects resilience and strategic focus, positioning the company for continued growth and stability amidst economic challenges and evolving market dynamics.

Comerica surpasses Q3 earnings expectations, focuses on small business growth

Comerica's Q3 performance exceeded expectations with strong net income and small business lending. The bank showcased robust credit quality and successful deposit strategies. While facing economic uncertainties, the focus remains on managing costs efficiently and offsetting NIM pressure through pricing discipline.
Strengths lie in successful deposit strategies, strong credit quality, and a focus on key sectors. Challenges include economic uncertainties impacting loan growth caution and expense outlook. Opportunities exist in managing costs efficiently, complying with regulatory requirements, and stabilizing balance sheet amidst uncertainties.

Comerica reports resilient 2023 performance, eyes NIM stability in 2025

Comerica's 2023 performance showcased resilience amidst challenges, with a strategic focus on expense management and revenue growth. While facing net interest income pressures and projected loan declines, the company is leveraging opportunities for NIM stability and portfolio improvements.

Comerica reports solid Q1 earnings, focuses on growth opportunities

Comerica's Q1 performance showcased earnings of $138 million, with improved customer sentiment and reduced wholesale funding.
The company's strengths lie in intentional balance sheet management, strong credit quality, and confidence in long-term growth.
Challenges include impacts on NPLs from the senior housing portfolio and appraisals for multifamily properties, while opportunities exist in loan growth and risk management reinvestment.
Overall, Comerica remains focused on responsible growth, profitability, and maintaining a strong financial position.

Comerica reports solid Q2 earnings, eyes growth amidst challenges

Comerica's Q2 performance showcased resilience in earnings and credit quality, with a focus on efficiency and maintaining a strong capital position. While facing challenges in certain business areas, the bank is poised to leverage opportunities in core deposit growth and potential loan demand uptick.

Comerica Bank surpasses Q3 earnings, eyes loan growth opportunities

Comerica Bank's Q3 performance exceeded expectations with strong customer activity
While facing challenges in loan and deposit projections, the bank remains optimistic
Strategic initiatives and strong credit quality position Comerica for future growth

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Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment offers various products and services, including 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. The Retail Bank segment includes personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination, and offers consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment includes the corporation's securities portfolio and asset and liability management activities. The Other segment includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.

Comerica Incorporated (NYSE:CMA ) Q2 2023 Earnings Conference Call July 21, 2023 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curtis Farmer - Chairman, President and Chief Executive Officer James Herzog - Senior Executive Vice President and Chief Financial Officer Melinda Chausse - Senior Executive Vice President and Chief Credit Officer Peter Sefzik - Senior Executive Vice President and Chief Banking Officer Conference Call Participants John Pancari - Evercore Steven Alexopoulos - JPMorgan Ebrahim Poonawala - Bank of America Jon Arfstrom - RBC Capital Markets Brody Preston - UBS Manan Gosalia - Morgan Stanley Peter Winter - D.A. Davidson Christopher McGratty - KBW Operator Ladies and gentlemen, thank you for standing by.

Comerica Incorporated (CMA) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Comerica Incorporated (CMA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Comerica Incorporated (CMA) Q2 Earnings: A Look at Key Metrics

Comerica Inc. CMA, +2.28% stock is rallying by 5% in premarket trades Friday after the bank beat its second-quarter profit forecast on average loan growth of 3.6% across multiple businesses including multi-family and industrial loans. Comerica said its net income for the three months ended June 30 rose to $273 million, or $2.01 a share, from $261 million, or $1.92 a share, in the year-ago quarter.

Comerica stock up 5% after earnings beat target on increased loan activity

DALLAS , July 21, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2023 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Second Quarter 2023 Earnings Results

NEW YORK , July 19, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Comerica Incorporated (NYSE: CMA) resulting from allegations that Comerica may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Comerica securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

CMA LOSS ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Comerica Incorporated Investors to Inquire About Securities Class Action Investigation - CMA

LOS ANGELES, CA / ACCESSWIRE / July 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Comerica Incorporated and Encourages Investors with Losses to Contact the Firm

Comerica's (CMA) Q2 earnings are likely to have been affected by declining NII due to rising funding costs. While fee income is expected to have increased, higher costs might have been an offsetting factor.

Key Factors to Note Ahead of Comerica's (CMA) Q2 Earnings

According to NextEarningsDate.com, the Comerica next earnings date is projected to be 7/21 before market open, with earnings estimates of $1.87/share

Comerica Reports Before The Open On 7/21 -- Options Contracts Expire The Same Day

NEW YORK , July 11, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Comerica Incorporated (NYSE: CMA) resulting from allegations that Comerica may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Comerica securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Comerica Incorporated Investors to Inquire About Securities Class Action Investigation - CMA

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Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

LOS ANGELES, CA / ACCESSWIRE / July 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Comerica Incorporated and Encourages Investors with Losses to Contact the Firm

NEW YORK , June 30, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Comerica Incorporated (NYSE: CMA) resulting from allegations that Comerica may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Comerica securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Comerica Incorporated Investors to Inquire About Securities Class Action Investigation - CMA

Comerica also receives high marks for diverse talent acquisition and mentoring DALLAS , June 26, 2023 /PRNewswire/ -- DiversityInc named Comerica Bank to its 2023 Top Noteworthy Companies , a listing that serves as the leading assessment of workplace fairness in corporate America. This marks the third consecutive year Comerica has been recognized by DiversityInc as a Noteworthy Company.

Comerica Bank Named 2023 DiversityInc Noteworthy Company

NEW YORK , June 23, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Comerica Incorporated (NYSE: CMA) resulting from allegations that Comerica may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Comerica securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

CMA LOSS ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Comerica Incorporated Investors to Inquire About Securities Class Action Investigation - CMA

Zions Bancorp

Several regional banks, including KeyCorp (KEY), Comerica (CMA), Fifth Third (FITB), Zions (ZION) and Citizens Financial (CFG), lower Q2 top-line expectations on higher rates, rising deposit costs and weak loan demand.

U.S. Regional Banks' Top Line to be Under Pressure in Q2

Comerica (CMA) introduces its new lending platform, Comerica Small Business Convenient Capital. This will provide convenient access to capital for small businesses up to $100,000.

Comerica's (CMA) New Lending Platform Aids Small Businesses

The Fed pauses rate hikes but signals more for later this year. Banks, including PacWest (PACW), Comerica (CMA), Zions (ZION), Fifth Third (FITB) and KeyCorp (KEY), get a much-needed breather.

Hawkish Fed Pauses Rate Hikes: What This Means for Banks

LOS ANGELES, CA / ACCESSWIRE / June 15, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Comerica Incorporated and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

Comerica Small Business Convenient Capital™, powered by Amount, is aimed at providing faster approvals and funding for qualified small business customers DALLAS , June 14, 2023 /PRNewswire/ -- Comerica Bank announced today the launch of Comerica Small Business Convenient Capital™, its first fully digital, end-to-end new lending platform to provide convenient access to capital and innovative value-added benefits for Comerica small business customers. Built in collaboration with Amount, a leading digitally enabled lender and credit solutions provider, the Comerica Small Business Convenient Capital platform was developed to serve small business customers throughout the country with loan needs up to $100,000.

Comerica Bank's New Lending Platform Accelerates Access to Capital for Small Businesses

Comerica (CMA) expects second-quarter net interest income to decline at the low end of the 11-13% range. Exit from the volatile mortgage banker finance business will improve capital efficiency.

Comerica (CMA) Gives Q2 NII View, to Exit Warehouse Lending

LOS ANGELES, CA / ACCESSWIRE / June 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Comerica Incorporated and Encourages Investors with Losses to Contact the Firm

Comerica's exit from mortgage finance will enhance the bank's liquidity and make it easier to manage capital. Comerica expects Q2 net interest income to fall within the lower end of its previous guidance.

Why Shares of Comerica Incorporated Are Rising Today

Comerica Inc. CMA, +3.64% stock is up 4.6% after it said in a filing it plans to organically exit the mortgage bank finance business by the end of the year. It's part of an overall focus on “selective loan growth” at the bank, according to a presentation it's making Tuesday at the Morgan Stanley U.S. Financials, Payments and CRE Conference.

Comerica airs plan to exit mortgage finance business by year-end, stock rises

KeyCorp attributed the lower net interest income guidance to higher deposit costs. Banks may end up feeling more of the effects of the banking crisis in their second-quarter results.

Why Shares of KeyCorp, Comerica, and Truist Are Falling Today

NEW YORK , June 10, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Comerica Incorporated ("Comerica" or the "Company") (NYSE: CMA). If you suffered losses exceeding $50,000 investing in Comerica stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

COMERICA SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Comerica To Contact Him Directly To Discuss Their Options

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