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.

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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.

Regional banks have been beaten down following the March 2023 banking crisis. Comerica has a demonstrated history of robust profitability and returns to shareholders. My target price range is $61 to $72.

Comerica: Unfair Scrutiny Signals Buy

DALLAS , Oct. 3, 2023 /PRNewswire/ -- The Comerica Bank Women's Business Symposium  returns to North Texas this October, helping women in business Learn, Connect, Grow & Celebrate their potential. The popular business networking event will be held on Thursday, October 12, from 10 a.m.

Learn, Connect, Grow & Celebrate at the Comerica Bank Women's Business Symposium on October 12

NEW YORK , Sept. 28, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, both dates inclusive (the "Class Period"), of the important October 20, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

ROSEN, A TOP RANKED LAW FIRM, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMA

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 9, 2021 and May 29, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 20, 2023.

INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses of $100,000 to Contact the Firm

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DALLAS , Sept. 26, 2023 /PRNewswire/ -- Comerica Bank and its commitment to building stronger communities earned national recognition as the American Bankers Association (ABA) Foundation named the Comerica Cares program a recipient of a 2023 ABA Foundation Community Commitment Award.

Comerica's Volunteerism Initiative Receives National Recognition During American Bankers Association Community Impact Awards

NEW YORK , Sept. 26, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Comerica Incorporated ("Comerica" or the "Company") (NYSE: CMA) and reminds investors of the October 20, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

COMERICA SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Comerica To Contact Him Directly To Discuss Their Options

LOS ANGELES, CA / ACCESSWIRE / September 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 9, 2021 and May 29, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 20, 2023.

SHAREINVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses of $100,000 to Contact the Firm

NEW YORK , Sept. 21, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, both dates inclusive (the "Class Period"), of the important October 20, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMA

NEW YORK , Sept. 21, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Comerica Incorporated ("Comerica" or the "Company") (NYSE: CMA) and reminds investors of the October 20, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

COMERICA DEADLINE REMINDER : Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Comerica To Contact Him Directly To Discuss Their Options

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DALLAS , Sept. 20, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced that Kristina Janssens has been named Senior Vice President, Chief Compliance Officer.

Comerica Names Kristina Janssens Senior Vice President, Chief Compliance Officer

Collaboration to assist 10 nonprofit organizations serving Southeast Michigan DETROIT , Sept. 18, 2023 /PRNewswire/ -- Comerica Bank and the Detroit Lions are collaborating for the seventh consecutive year on a season-long initiative that assists transformative and impactful community partners throughout southeast Michigan.

Comerica First Down Program with Detroit Lions Impacting Community for Seventh Year

PHOENIX , Sept. 14, 2023 /PRNewswire/ -- Comerica Bank has named Christina Mercado-González the Vice President, External Affairs Market Manager for Arizona.

Comerica Bank Names Christina Mercado-González Arizona External Affairs Manager

BOCA RATON, Fla. , Sept. 13, 2023 /PRNewswire/ -- Comerica Bank has selected Joe Scondotto to lead external affairs in the Florida market.

Comerica Names Joe Scondotto Florida External Affairs Manager

NEW YORK , Sept. 13, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, both dates inclusive (the "Class Period"), of the important October 20, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMA

NEW YORK, NY / ACCESSWIRE / September 11, 2023 / If you suffered a loss on your Comerica Incorporated (NYSE:CMA) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/comerica-lawsuit-submission-form?prid=47663&wire=1 or contact Joseph E. Levi, Esq.

SHAREHOLDER ALERT: Potential Recovery for Comerica Incorporated (CMA) Investors Affected by Stock Drop – Levi & Korsinsky Pursuing Class Action Lawsuit

NEW YORK, NY / ACCESSWIRE / September 11, 2023 / If you suffered a loss on your Comerica Incorporated (NYSE:CMA) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/comerica-lawsuit-submission-form?prid=47595&wire=1 or contact Joseph E. Levi, Esq.

SHAREHOLDER ALERT: Potential Recovery for Comerica Incorporated (CMA) Investors Affected by Stock Drop - Levi & Korsinsky Pursuing Class Action Lawsuit

Investors may consider solid dividend-yielding stocks like Comerica (CMA) in their portfolios amid looming recession fears.

Should You Consider Comerica (CMA) for Its Dividend Yield?

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Comerica Bank earns U.S. Captive Services top banking award for second consecutive year DETROIT , Sept. 6, 2023 /PRNewswire/ -- Comerica Bank was named the 2023 U.S. Captive Services Collateral Specialist of the Year by Captive Review for the second consecutive year.

Comerica Bank Named Captive Review Collateral Specialist of the Year

DALLAS , Sept. 5, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2023 Barclays Global Financial Services Conference on Tuesday, Sept.

Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2023 Earnings

Decent loan growth, rising NII, adequate liquidity and sustainable capital distributions are major tailwinds for Comerica (CMA). However, rising costs are likely to limit bottom-line growth.

Rise in NII & High Rates Aid Comerica (CMA), High Costs Hurt

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News for Comerica Stock (CMA)