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

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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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There are 19 stocks on my high yield watchlist for November 2022. All of the stocks on my watchlist are undervalued based on dividend yield theory.

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Comerica is fundamentally undervalued and technically oversold, a good combo for outperformance - and a possible third attempt at clearing the $100 hurdle.

Why Comerica is a Financial Stock to Bank On

D.A. Davidson on Thursday cut its rating on financial-services firm Comerica Inc. to neutral from buy, while Citigroup reiterated a buy rating and said the stock's drop on its results may be overblown.

Comerica gets downgraded by one analyst, while two others reiterate buy ratings

D.A Davidson on Thursday cut its rating on financial services firm Comerica Inc. CMA, -9.00% to neutral from buy. Analyst Peter Winter said one main reason for the downgrade is that Comerica's net interest income may peak in the fourth quarter, with some downside risk.

D.A. Davidson downgrades Comerica to neutral on expectations that net interest income has peaked

Comerica (CMA) records a rise in revenues in the third quarter of 2022. However, higher expenses and provisions hurt the results to some extent.

Comerica (CMA) Q3 Earnings Beat, Revenues & Costs Rise Y/Y

Comerica Incorporated (NYSE:CMA ) Q3 2022 Earnings Conference Call October 19, 2022 8:00 AM ET Company Participants Kelly Gage - Director, IR Curtis C. Farmer - Chairman, President and CEO James J.

Comerica Incorporated (CMA) Q3 2022 Earnings Call Transcript

DALLAS , Oct. 19, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2022 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Third Quarter 2022 Earnings Results

PHOENIX , Oct. 18, 2022 /PRNewswire/ -- Comerica Bank and Iron Mountain Incorporated, the global leader in storage and information management services, will securely shred sensitive paper documents for free as part of Shred Day Phoenix from 8 a.m. to 2 p.m. on Saturday, Oct. 29 in the Capitol Mall Area at West Jefferson Avenue and 17th Avenue.

The Valley's Largest Free Shred Day Event Returns at New Location on October 29

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Solid loan demand and rising rates leading to improvement in NII are likely to have aided the Q3 earnings of Comerica (CMA), Huntington Bancshares (HBAN) and Zions (ZION).

3 S&P 500 Bank Stocks Set to Pull Off a Beat in Q3 Earnings

Higher short-term rates and loan growth are likely to have driven Comerica's (CMA) Q3 NII. However, a decline in card fees and commercial lending fees is expected to have affected fee income.

Rising Loans, Rates to Support Comerica's (CMA) Q3 Earnings

Comerica Incorporated (CMA) possesses 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: What to Know Ahead of Next Week's Release

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DALLAS , Sept. 29, 2022 /PRNewswire/ -- The Comerica Bank Women's Business Symposium returns to Dallas/Fort Worth helping women in business Learn, Connect, Grow & Celebrate their potential.

Comerica Bank Women's Business Symposium Returns to North Texas on October 27

Event brings access to college opportunities and funding to students and families across southeast Michigan DETROIT , Sept. 22, 2022 /PRNewswire/ -- Comerica Bank, together with the National College Resources Foundation (NCRF), have partnered to bring the Detroit Black College Expo™ to the Midwest Saturday, September 24 at Wayne State University Student Center from 10:00 am – 5:00 pm EDT (Expo 10-3, After Show 3-5).

Comerica Bank Partners with National College Resources Foundation For 2nd Annual Detroit Black College Expo™

DALLAS , Sept. 20, 2022 /PRNewswire/ -- Comerica Bank has named Trent Sampson , Jerry Collazo and Adriana Najera to its newly-formed South Dallas Business Banking Team led by Group Manager Derric Hicks.

Comerica Bank Creates Business Banking Team to Serve Southern Sector of Dallas County

Frisco Business & Innovation Hub set to make debut at The Star in late 2023 DALLAS , Sept. 14, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced corporate expansion plans in North Texas with development underway for its new Business & Innovation Hub in Frisco.

Comerica Bank Unveils Plans for Business & Innovation Hub in Frisco, Texas

Comerica Bank Lions First Down Program set to surpass $100,000 in total community support during 2022 season DETROIT , Sept. 8, 2022 /PRNewswire/ -- For the sixth-consecutive year, Comerica Bank and the Detroit Lions are supporting philanthropic partners and assisting transformative community impact initiatives throughout southeast Michigan by ensuring that first downs at Ford Field stretch well beyond 10 yards.

Comerica Bank, Detroit Lions Uplifting Community Through First Down Program

DALLAS , Aug. 31, 2022 /PRNewswire/ -- Community Development Financial Institution (CDFI) BCL of Texas announced today that it will offer loans ranging from $10,000-$75,000 to traditionally underserved businesses. The Dallas Small Business Diversity Fund, a $1 million investment from Comerica Bank, will specifically target Dallas County women and minority-owned businesses with two or more years in operation.

BCL of Texas Launches Dallas Small Business Diversity Fund With $1 Million Investment From Comerica Bank

DALLAS , Aug. 30, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Von E. Hays , Senior Vice President – General Counsel Human Resources, Litigation and Corporate Operations, has been named Executive Vice President and Chief Legal Officer – General Counsel, effective Aug. 26, 2022.

Comerica Incorporated Names Von E. Hays Executive Vice President and Chief Legal Officer - General Counsel

DALLAS , Aug. 29, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Kelly Gage, National Director of Sales and Strategy for the Commercial Bank will be named Senior Vice President, Director of Investor Relations, effective Sept. 1, 2022. Gage will succeed Darlene Persons , Senior Vice President, Director of Investor Relations, who plans to retire on April 1, 2023.

Comerica Incorporated Names Kelly Gage, Director of Investor Relations; Darlene Persons to Retire on April 1

DALLAS , Aug. 24, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Barclays Global Financial Services Conference on Tuesday, Sept. 13, 2022. Comerica Incorporated also provided details for its third quarter 2022 earnings call on Wednesday, Oct. 19, 2022.

Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2022 Earnings

M&T Bank

After witnessing a challenging start to the year, banks are rebounding since July. Thus, Regions Financial (RF), M&T Bank (MTB) and Comerica (CMA) are worth betting on as these outperform the S&P 500 Index and have solid near-term prospects.

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DALLAS , Aug. 22, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Joe Ursuy has been named to the new role of Executive Vice President, National Businesses for Energy, Renewables, and Waste. He will report to Mike Ritchie, Executive Vice President, Head of National and Specialty Businesses.

Comerica Bank Names Joe Ursuy Executive Vice President, National Businesses for Energy, Renewables, and Waste

The rate cycle has driven a sharp upturn in spreads for Comerica and loan growth remains healthy, while deposit costs and expensive leverage remain positives for the thesis. Management is getting more proactive with its rate exposure, actively tamping down its asset sensitivity by adding fixed-rate swaps.

Comerica Could Be Assembling The Pieces For Better Long-Term Returns

Comerica Incorporated (CMA) reported earnings 30 days ago. What's next for the stock?

News for Comerica Stock (CMA)