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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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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The Third Avenue Value Fund (Trades, Portfolio), launched in 1990 under the late Marty Whitman, disclosed this week that its top four trades for the third quarter included a position boost in Comerica Inc. (NYSE:CMA) and sells in three companies: Lennar Corp. (NYSE:LEN.B), Interfor Corp. (TSX:IFP) and Warrior Met Coal Inc. (NYSE:HCC).

Third Avenue Value Fund's Top 4 Trades of the 3rd Quarter

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DETROIT, Sept. 10, 2020 /PRNewswire/ -- Comerica Bank announced today its $150,000 commitment to support Invest Detroit – a nonprofit lender, investor, and partner that assists business and real estate projects that ignite economic growth in Detroit and the surrounding region.

Comerica Bank Contributes $150,000 to Invest Detroit's Loan Relief Fund, Supporting Small Businesses in Metro Detroit

DALLAS, Aug. 31, 2020 /PRNewswire/ -- Comerica announced it has joined the Partnership for Carbon Accounting Financials (PCAF).

Comerica Strengthens Environmental Commitment by Joining Partnership for Carbon Accounting Financials

DALLAS, Aug. 28, 2020 /PRNewswire/ -- Comerica Bank's California Economic Activity Index declined in June to a level of 90.0.

Comerica Bank's California Index Declines

DALLAS, Aug. 28, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index decreased in June to 106.8.

Comerica Bank's Texas Index Still Easing

DALLAS, Aug. 28, 2020 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index declined in June to a level of 86.6.

Comerica Bank's Michigan Index Bottoming

DALLAS, Aug. 27, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Barclays Global Financial Services Conference.

Comerica to Participate in Barclays Global Financial Services Conference; Announces Conference Call to Review Third Quarter 2020 Earnings

HOUSTON--(BUSINESS WIRE)--Comerica Bank and the National Guard Partner with Local Businesswoman & TWEF Founder, Deavra Daughtry to Help Underserved Communities Get Tested

Comerica Bank and the National Guard Partner With Local Businesswoman & TWEF Founder, Deavra Daughtry to Help Underserved Communities Get Tested for COVID-19

In trading on Thursday, shares of Comerica, Inc. (NYSE:CMA) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.72), with the stock changing hands as low as $38.26 on the day.

Comerica Shares Cross 7% Yield Mark

DALLAS, Aug. 19, 2020 /PRNewswire/ -- Comerica Bank announced today that it is moving $10 million in deposits to Minority Depository Institutions (MDIs) within its five-state footprint, as well as building a mutual mentoring relationship with these institutions.

Comerica Bank Partners with Minority Depository Institutions

DALLAS, Aug. 18, 2020 /PRNewswire/ -- Comerica Incorporated announced today that Amanda G.

Amanda Mahaney Named Comerica Bank Dallas Market President

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DETROIT, Aug. 5, 2020 /PRNewswire/ -- Comerica Bank and Hatch Detroit are expanding upon their longtime partnership by announcing the Hatch Detroit Small Business Alumni Relief Fund to support alumni businesses of the Comerica Hatch Detroit Contest that have been financially affected by.

Hatch Detroit to Launch Small Business Alumni Relief Fund with $100,000 from Comerica Bank

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DALLAS, July 29, 2020 /PRNewswire/ -- Comerica Bank's California Economic Activity Index declined in May to a level of 96.8. May's reading marks a new historical low for the index.

Comerica Bank's California Index Drives Lower

DALLAS, July 29, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index decreased in May to 114.2. May's index reading was 18.7 points above the index cyclical low of 95.5.

Comerica Bank's Texas Index Falls

Comerica's (CMA) Q2 results reflect rise in loans and deposits, lower revenues, higher expenses and provisions.

Comerica (CMA) Q2 Earnings Beat Estimates, Provisions Escalate (Revised)

DALLAS, July 22, 2020 /PRNewswire/ -- Comerica Bank continues its response to supporting local communities with investments totaling $2 million to Community Development Financial Institutions (CDFIs) assisting small businesses impacted by the COVID-19 crisis. Investments of $1.5 million.

Comerica Bank Announces $2 Million Investment to CDFIs - Lendistry and California FarmLink - Aiding Small Businesses Impacted by COVID-19

Comerica Incorporated (CMA) CEO Curt Farmer on Q2 2020 Results - Earnings Call Transcript

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Comerica's (CMA) Q2 results reflect lower revenues, higher expenses and provisions.

Comerica (CMA) Q2 Earnings Miss Estimates, Provisions Escalate

DALLAS, July 21, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2020 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Second Quarter 2020 Earnings Results

Soft interest income due to low rates and weak fee income might have hurt Comerica's (CMA) Q2 earnings amid the coronavirus crisis.

Lower Rates, Fee Income to Mar Comerica's (CMA) Q2 Earnings

News for Comerica Stock (CMA)