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.

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Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.

US regional bank stocks fall for second day as First Republic failure weighs

DALLAS , April 28, 2023 /PRNewswire/ -- The Comerica California Economic Activity Index fell 0.3% annualized in the three months through January, the smallest such decline since July 2022. The index rose 3.2% from a year earlier.

Comerica Bank's California Index's Decline Moderated in January

DALLAS , April 28, 2023 /PRNewswire/ -- The Comerica Texas Economic Activity Index rose at a 0.9% annualized rate in the three months through January and was up 4.2% from a year ago. Just two of the index's nine components rose in the month.

Comerica Bank's Texas Index Grew Slower in January

DALLAS , April 28, 2023 /PRNewswire/ -- The Comerica Michigan Economic Activity Index fell 4.6% annualized in the three months through January and was down 0.4% from a year ago. Only three of the index's nine components increased in January, while five fell and one was unchanged.

Comerica Bank's Michigan Index Fell Sharply Through January

Initiative provides North Texas small business customers with office space to conduct business  DALLAS , April 27, 2023 /PRNewswire/ -- Comerica Bank is repurposing idle real estate at select banking centers throughout North Texas to create Comerica CoWorkSpaces™, a new concept that offers complimentary office space exclusively to its small business customers. Through a $3 million investment, nearly 10,000 square feet of existing banking center space across nine Comerica Bank locations will be transformed into unique resource centers where Comerica customers can conduct business.

Comerica Bank Empowers Small Businesses with its Comerica CoWorkSpaces™ Program

11th annual Hatch Off brings one-stop party rental shop to Detroit DETROIT , April 27, 2023 /PRNewswire/ -- The results are in! Bouncing Around The Motor City has been named the winner of the 2023 Comerica Hatch Detroit Contest by TechTown, claiming the $100,000 grand prize from Comerica Bank to open the brick-and-mortar business of their dreams in Detroit.

Bouncing Around The Motor City wins $100,000 Comerica Hatch Detroit Contest by TechTown

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DALLAS , April 25, 2023 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable July 1, 2023, to shareholders of record at the close of business on June 15, 2023.

Comerica Declares Dividends; Announces Results from Annual Shareholders' Meeting

Comerica Incorporated (CMA) Q1 2023 Earnings Call Transcript.

Comerica Incorporated (CMA) Q1 2023 Earnings Call Transcript

An increase in revenues supported by higher rates and loan growth aids Comerica's (CMA) Q1 earnings. However, increasing expenses and higher provisions are headwinds.

Comerica (CMA) Q1 Earnings Top Estimates on NII Rise, Costs Up

Comerica Incorporated (CMA) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.37 per share a year ago.

Comerica Incorporated (CMA) Surpasses Q1 Earnings and Revenue Estimates

Comerica Inc on Thursday beat Wall Street estimates for first-quarter profit, as the regional lender's interest income surged from the U.S. Federal Reserve's rate hikes and helped soften a blow from a fall in deposits.

Comerica profit beats as interest income boost offsets deposits fall

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Allocating To Banks Preferreds In A Difficult Market

Comerica Inc.'s stock CMA, +5.49% slid 2.4% premarket Thursday after the regional bank . The bank posted net income of $324 million, or $2.39 a share, for the quarter, up from $189 million, or $1.37 a share, in the year-earlier quarter.

Comerica's stock slumps as earnings show $3.7 billion of deposit flight since March 9

DALLAS , April 20, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2023 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports First Quarter 2023 Earnings Results

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Comerica's (CMA) first-quarter 2023 earnings arelikely to have been affected by declining NII and non-interest income. Also, allowance for credit losses is expected to have increased in an unfavorable economy.

Key Factors to Know Ahead of Comerica's (CMA) Q1 Earnings?

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DETROIT, April 13, 2023 /PRNewswire/ -- The public has cast their votes and, after a tight race, the Comerica Hatch Detroit Contest by TechTown is ready to announce the four entrepreneurial teams advancing to the final stage of the competition, which includes another round of public voting and the opportunity to compete at the Hatch Off on April 26.

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Comerica Incorporated (CMA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Comerica Incorporated (CMA) Earnings Expected to Grow: Should You Buy?

DALLAS , April 12, 2023 /PRNewswire/ -- The Comerica California Economic Activity Index fell 4.3% annualized in the three months through December, but was still up 3.1% from a year earlier.

Comerica Bank's California Index Down Sharply Again in December

DALLAS , April 12, 2023 /PRNewswire/ -- The Comerica Texas Economic Activity Index rose at a 1.5% annualized rate in the three months through December and was up 4.6% from a year ago. Two of the index's nine components rose in December.

Comerica Bank's Texas Index Edged Down in December

DALLAS , April 12, 2023 /PRNewswire/ -- The Comerica Michigan Economic Activity Index fell 3.9% annualized in the three months through December, but was still up a modest 0.5% from a year ago. Only three of the index's nine components increased in December, while five fell and one was unchanged.

Comerica Bank's Michigan Index Falls Sharply Through December

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News for Comerica Stock (CMA)