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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 stock once again gets Strong Buy rating as in early June. Positives: dividend yield above 6%, capital strength, share price vs 200 day SMA, earnings YoY growth, valuation below sector average. Risk of exposure to office loans is minimal compared to overall loan portfolio.

Comerica: Maintain Strong Buy After Solid Q2 Results And Dividend Yield

NEW YORK , Aug. 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. SO WHAT: If you purchased Comerica securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

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

SAN DIEGO--(BUSINESS WIRE)---- $CMA #ComericaIncorporated--Comerica Incorporated (CMA) Failed to Disclose Violations in its Operations of Direct Express.

Comerica Incorporated (CMA) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Comerica Incorporated Securities Fraud Class Action

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 20, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). If you suffered a loss on your Comerica investments or would like to inquire about potentially pursuin.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Comerica Incorporated (CMA)

NEW YORK , Aug. 28, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Comerica Incorporated (NYSE: CMA) alleging that the Company violated federal securities laws. Class Period: February 9, 2021 to May 29, 2023 Lead Plaintiff Deadline: October 20, 2023 No obligation or cost to you.

SHAREHOLDER ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 20, 2023 in the Class Action Filed on Behalf of Comerica Incorporated(CMA) Shareholders

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 20, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). Investors suffering losses on their Comerica investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their lega.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Comerica Incorporated (CMA)

Citizens Financial Group

KeyCorp

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Financial Stocks With Over 6% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Citizens Financial Group (NYSE:CFG), Comerica (NYSE:CMA)

Associated Banc-Corp

UMB Financial

Valley National

A look at the Financial Select Sector SPDR Fund NYSEARCA: XLF chart, you'll see financials aren't exactly being pummeled after S&P's downgrade of five bank stocks.

S&P Downgrades 5 Banks: What Does It Mean For The Market?

NEW YORK , Aug. 24, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Comerica Incorporated ("Comerica " or the "Company") (NYSE: CMA) and certain of its officers.  Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Comerica securities between February 9, 2021 and May 29, 2023, inclusive (the "Class Period").

Calling All Comerica Incorporated (CMA) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). Comerica investors have until October 20, 2023 to file a lead plaintiff motion. If you suffered a loss on your Comeric.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Comerica Incorporated (CMA) Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). Comerica investors have until October 20, 2023 to file a lead plaintiff motion. Investors suffering losses on their Comerica investments are encouraged to contact the Law Offices of Howard G. Smit.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Comerica Incorporated (CMA) Investors

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Comerica Incorporated

Bank of America

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

A number of major American banks are in the red today following S&P Globals' credit ratings adjustments on several regional lenders yesterday. Fears of a stock market crash are swirling as equity markets continue to show some sheepishness heading further into the second half of the year.

Stock Market Crash Alert: S&P Bank Downgrades Rock Stocks

More U.S. banks have been hit with credit rating downgrades, the latest development threatening to make borrowing more difficult for businesses and individuals.

S&P Downgrade of Banks' Credit Could Make Borrowing Even Tougher

S&P Global Ratings has downgraded five regional banks and put several others on a negative outlook due to the increasingly difficult operating environment for US lenders. The move came as shares of Republic Bank parent Republic First Bancorp tumbled over 40% after it told investors it will be delisted from the Nasdaq on Wednesday after failing to submit its 2022 Form 10-K annual report with the Securities and Exchange Commission.

S&P downgrades five US banks as rising interest rates threaten liquidity

Bank of New York Mellon

Republic First Bancorp

Northern Trust

Charles Schwab

Synovus Financial

State Street

Truist Financial

Zions Bancorp

U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a focus on office commercial real estate.

U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings

S&P Global downgrades the credit ratings of several U.S. banks two weeks after Moody's took similar action.

After Moody's, US Banks' Ratings Downgraded by S&P Global

S&P Global Ratings downgraded five regional U.S. banks by one notch and lowered its outlook for several other lenders, following a similar move by Moody's.

S&P downgrades multiple US banks citing 'tough' lending environment

KeyCorp, the Cleveland-based retail bank, had its long-term ratings lowered by S&P from "BBB+" to "BBB."

S&P downgrades regional banks as rising interest rates pressure profits

Bank of Nova Scotia

Crown Castle International

Columbia Banking System

Dow Inc

Fifth Third Bancorp

Foot Locker

International Paper

Kohl's

Leggett & Platt

PNC Financial Services

Prudential Financial

Simon Property Group

Suncor Energy

TC Energy

Walgreens

Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better.

These 20 dividend-paying stocks get a double boost from declining interest rates

S&P Global Ratings downgraded the ratings of five regional banks late Monday by a single notch, after a review that focused on risks relating to funding, liquidity and asset quality with an emphasis on office commercial real estate. The rating agency cut its rating on Associated Banc.

S&P Global Ratings downgrades five U.S. regional banks after review of risk

LOS ANGELES, CA / ACCESSWIRE / August 22, 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.

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

S&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on Monday.

S&P downgrades five US banks following Moody's lead

S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody's, warning that funding risks and weaker profitability will likely test the sector's credit strength.

S&P downgrades multiple US banks citing 'tough' operating conditions

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Comerica securities between February 9,2021 and May 29, 2023, both dates inclusive (the “Class Period”). Investo.

COMERICA ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Comerica Incorporated and Encourages Investors to Contact the Firm

News for Comerica Stock (CMA)