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.

Some good news in the banking industry helped boost Comerica this week. The stock remains down more than 40% YTD.

Why Comerica Stock Climbed 22.5% This Week

DENVER, May 18, 2023 /PRNewswire/ -- Comerica Bank announced Jenae Anderson has been named its first Colorado Market President. She previously served as Comerica's Head of Commercial Banking in this footprint, responsible for overseeing commercial lending and community engagement, which she will continue to do in her new role.

Comerica Bank Names Jenae Anderson Colorado Market President, Adds Middle Market Banking Team

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Comerica is a well-run regional bank whose valuation started to suffer in March after Silicon Valley Bank and two other banks failed. Comerica has not seen a major decline in its deposit base related to the financial crisis in the first quarter. Comerica's deposit base has been de-risked.

Comerica: Get A 9% Dividend Yield At A 25% Discount To Book Value

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Shares of U.S. regional lenders gained on Monday led by a rebound in PacWest Bancorp , as investors tried to look past the crisis of confidence brought on by the collapse of three banks in a span of two months.

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PacWest Bancorp PACW is down 12% in premarket trades after rising in the two previous sessions, as jitters around regional banks resumed on Tuesday. PacWest is also the most heavily traded stock in premarket action with volume of 1.5 million shares.

PacWest, Western Alliance, East West Bancorp, Comerica fall in premarket

Both names saw big moves on May 5, with WAL stock rocketing almost 50% higher and CMA stock up almost 17% on the day.

Western Alliance and Comerica Could Climb Further

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U.S. stock futures pointed to a cautious start for Monday, as investors looked ahead to an important Federal Reserve lending survey, while regional banks continued to rise in premarket trading.

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Regional bank stocks continued surging on Monday as the recent concerns about the industry faded. The SPDR S&P Regional Banking ETF (KRE) stock jumped by more than 2% in the pre-market after it rose by over 6% on Friday.

KRE ETF surges as PacWest, Comerica, KeyCorp stocks lead

Shares of U.S. regional banks gained sharply in premarket trading on Monday, as investors tiptoe back into the sector after the failure of First Republic Bank last week triggered another round of widespread sell-off.

U.S. regional banks' shares climb after tumultuous week

SizeUp by Comerica provides small business customers nationwide with key insights to make data-driven decisions DALLAS , May 5, 2023 /PRNewswire/ -- In recognition of National Small Business Week, Comerica Bank is introducing SizeUp by Comerica, an exclusive and complimentary new tool that allows small business customers to tap into industry-specific research, insights and analysis to help them make data-driven business decisions. SizeUp by Comerica thus provides small businesses with a competitive advantage in a highly challenging business environment.

Comerica Bank Delivers Valuable Competitive Market Research to Small Businesses

Bank analysts believe the sell-off in the sector this week is overdone. The April jobs report also came out today, showing that the economy added more jobs last month than expected.

Why Shares of PacWest Bancorp, Comerica, and KeyCorp Are Rebounding Today

U.S. SBA also honors Comerica as Top 10 Lender DETROIT , May 4, 2023 /PRNewswire/ -- The U.S. Small Business Administration (SBA) named Comerica Bank as the Michigan District Office Lender of the Year for the 2022 fiscal year (Oct. 1, 2021 through Sept. 30, 2022).

Comerica Bank Named U.S. Small Business Administration Michigan District Lender of the Year

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Bank failures in the United States are rising this year. Already, five regional banks – First Republic, Signature, Silicon Valley Bank, and Silvergate – have all failed.

After FRC collapse, beware of Comerica, Western Alliance, PacWest stocks

The Fed is likely to announce another 25-basis point hike in rates. The U.S. regional banks like PACW, WAL, ZION, CMA and KEY witness bearish investor sentiments on concerns over the impact of future rate hikes on financials.

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Shares of regional US banks fell on Tuesday with investors seemingly not convinced that the sale of First Republic Bank (NYSE:FRC)'s assets to JPMorgan over the weekend is enough to stabilize the troubled sector.  JPMorgan agreed to purchase First Republic's deposits in a bid to restore stability to the ailing sector after alternative negotiations for a rescue package failed.

First Republic Bank sale fails to quash regional banking fears

The seizure of First Republic will add to losses in the FDIC Deposit Insurance Fund. Investors are reassessing their approach when it comes to bank stocks.

Why Shares of PacWest Bancorp, KeyCorp, and Comerica Are Falling Today

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Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.

US regional bank stocks fall for second day as First Republic failure weighs

DALLAS , April 28, 2023 /PRNewswire/ -- The Comerica California Economic Activity Index fell 0.3% annualized in the three months through January, the smallest such decline since July 2022. The index rose 3.2% from a year earlier.

Comerica Bank's California Index's Decline Moderated in January

DALLAS , April 28, 2023 /PRNewswire/ -- The Comerica Texas Economic Activity Index rose at a 0.9% annualized rate in the three months through January and was up 4.2% from a year ago. Just two of the index's nine components rose in the month.

Comerica Bank's Texas Index Grew Slower in January

News for Comerica Stock (CMA)