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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Earnings data Q1 2022

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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.

DALLAS , Nov. 5, 2024 /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 Jan. 1, 2025, to shareholders of record at the close of business on Dec. 13, 2024.

Comerica Declares Dividends and Announces Increase in Share Repurchase Authorization

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Comerica (CMA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Comerica (CMA) Run Higher on Rising Earnings Estimates?

Comerica (CMA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Comerica (CMA) Upgraded to Buy: What Does It Mean for the Stock?

Does Comerica Incorporated (CMA) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Comerica Incorporated (CMA) is a Great Choice

DALLAS , Oct. 22, 2024 /PRNewswire/ -- The American Bankers Association (ABA) recognized Comerica Bank for its impact in supporting Southern Dallas small businesses and nonprofits through Comerica BusinessHQ™, naming the program as a winner of this year's ABA Foundation Community Commitment Awards.    BusinessHQ earned the Community Commitment Award in the category of Community & Economic Development, which will be presented during the ABA's Annual Convention on Tuesday, Oct. 29, in New York City.

Comerica BusinessHQ™ Earns National Recognition for Contribution to Dallas' Southern Sector

Comerica CMA reported better-than-expected earnings for its third quarter on Friday.

Comerica Analysts Boost Their Forecasts After Better-Than-Expected Earnings

CMA's Q3 2024 results benefit from an increase in deposit balance and a strong capital position. Yet, a decline in NII and fee income remains a concern.

Comerica Q3 Earnings Beat Estimates, NII & Fee Income Decline Y/Y

Comerica Incorporated (NYSE:CMA ) Q3 2024 Earnings Conference Call October 18, 2024 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curt Farmer - President, Chairman & Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Jon Arfstrom - RBC Capital Markets Bernard Von Gizycki - Deutsche Bank Ben Gerlinger - Citi Chris McGratty - KBW Samuel Varga - UBS Michael Rose - Raymond James Anthony Elian - JPMorgan Chase Operator Greetings, and welcome to the Comerica Bank Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Comerica Incorporated (CMA) Q3 2024 Earnings Call Transcript

The headline numbers for Comerica (CMA) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Comerica (CMA) Q3 Earnings

Comerica Incorporated (CMA) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.84 per share a year ago.

Comerica Incorporated (CMA) Q3 Earnings and Revenues Top Estimates

DALLAS , Oct. 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Third Quarter 2024 Earnings Results

Beyond analysts' top -and-bottom-line estimates for Comerica (CMA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Comerica (CMA) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

CMA's Q3 2024 results are likely to be affected by declining NII and fee income, along with rising expenses and weakening asset quality.

Will Lower NII & Rising Expenses Hurt Comerica's Q3 Earnings?

Comerica (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) Expected to Beat Earnings Estimates: Should You Buy?

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CMA hits a new 52-week high driven by the Federal Reserve's aggressive start to monetary policy easing.

Comerica Stock Touches 52-Week High: Is It Worth Considering?

Community members can help nourish children and  earn tickets for Griffins 2024-25 home games DETROIT, Sept. 24, 2024 /PRNewswire/ -- Comerica Bank and the Grand Rapids Griffins are teaming up again to support Kids' Food Basket (KFB) and its mission to nourish children to reach their full potential through a four-week food drive at participating West Michigan Comerica banking centers.

Comerica Bank and Grand Rapids Griffins Teaming Up Again to Benefit Kids' Food Basket

In trading on Wednesday, shares of Comerica, were yielding above the 5% mark based on its quarterly dividend (annualized to $2.84), with the stock changing hands as low as $55.54 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

Comerica Passes Through 5% Yield Mark

Collaboration to support nine nonprofit organizations transforming the community DETROIT , Sept. 5, 2024 /PRNewswire/ -- Comerica Bank and the Detroit Lions are teaming up for the eighth consecutive year on a season-long initiative that assists community partners throughout Michigan.

Comerica and Detroit Lions Partnership Gains More Than Just First Downs for Local Community

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Falling interest rates to alleviate pressure on deposit outflows. Comerica expects net interest income to gain 2% from 200bps Fed rate cut. Loss of Fiscal Service deposits worth $3.3bn to present biggest headwind in 2025.

Comerica: One Of The Banks To Own In Falling Interest Rate Environment

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News for Comerica Stock (CMA)