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.

First Republic

KeyCorp

Lincoln National

Truist Financial

Even if you don't have money in a failed bank, you're going to pay the price. How? Lost S&P 500 dividends.

A Giant Shoe Is About To Drop On You From The Banking Crisis

Public voting begins online and in-person as metro Detroit small businesses compete to win $100,000 grand prize from Comerica Bank DETROIT , April 4, 2023 /PRNewswire/ -- The results are in! The Comerica Hatch Detroit Contest powered by TechTown, the small business competition responsible for launching some of the city's most popular neighborhood storefronts, is excited to reveal its Top 10 semifinalists.

Comerica Hatch Detroit Contest unveils 2023 Top 10 semifinalists

Zions Bancorp

Bank stocks were pummeled in March, following the collapse of Silicon Valley and Signature banks. The three worst-performing stocks on the S&P 500 were all bank stocks.

Is It Time to Buy the S&P 500's 3 Worst-Performing March Stocks?

HOUSTON, April 3, 2023 /PRNewswire/ -- Comerica Bank and Iron Mountain Incorporated will securely shred sensitive paper documents for free from 8 a.m. to 4 p.m. on Saturday, April 15 at Comerica Bank's Mangum Banking Center (2201 Mangum Road, Houston 77092).

Shred Sensitive Documents, Hunger at Comerica's Mangum Banking Center on April 15

PNC Financial Services

Western Alliance Bancorporation

On my StockTwits account on March 27, I wrote, “My view is that the “banking crisis” was a relatively minor situation involving a few troubled banks that the Fed and other central banks could handle relatively easily.

3 Regional Bank Stocks to Buy Despite the Banking Crisis

Public encouraged to drop-off dresses, accessories at select Comerica locations April 3-21 DETROIT , March 29, 2023 /PRNewswire/ -- Comerica Bank is welcoming donations for its fifth annual Prom Dress Drive beginning Monday, April 3, and continuing through Friday, April 21, in support of community partner Jackets for Jobs. Individuals and businesses alike can drop off new or gently used dresses at participating Comerica locations to benefit southeast Michigan students.

Comerica Bank to Hold Fifth Annual Prom Dress Drive, Benefiting Jackets for Jobs

Carnival

Alphabet

Hewlett Packard

International Flavors & Fragrances

Norwegian Cruise Line

ON Semiconductor

First Republic was the top S&P 500 performer Monday as banking fears eased somewhat. Carnival and Google were notable losers.

S&P 500: First Republic, Banks Lead Winners; Carnival, Google Are Monday Losers

DALLAS , March 27, 2023  /PRNewswire/ -- The Comerica Bank Women's Business Symposium returns to Southern California, helping women in business Learn, Connect, Grow & Celebrate their potential. The popular business networking event will be held on Thursday, April 13, from 10 am – 3 pm PT at the Balboa Bay Resort.

Learn, Connect, Grow & Celebrate at the Comerica Bank Women's Business Symposium April 13

Bank of America

Wells Fargo

Citizens Financial Group

PacWest Bancorp

Charles Schwab

U.S. Bancorp

National giants like Bank of America and Wells Fargo sank to their lowest share price in over two years Friday.

These Bank Stocks Hit Lows—Some Even All-Time Lows—This Month

OneMain Hld

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 Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Fifth Third Bancorp

Regions Financial

Regions Financial Corp. RF, -1.63% , KeyCorp KEY, -6.47% and Fifth Third Bancorp FITB, -2.16% top a list of nine regional banks as measured by total available liquidity to cover potential deposit outflows, Citi banking analyst Keith Horowitz said in a research note on Thursday. Regions currently has about 145% of available liquidity to cover its uninsured deposits, followed by 136% for KeyCorp and 134% for Fifth Third Bancorp.

Citi analyst sees ‘ample' liquidity in banks to cover deposit withdrawals

Truist analyst Brandon King cut stock price targets and earnings estimates for a host of banks, on expectations that net interest margins will fall, loan growth will slow and credit costs will increase. “[W]e continue to forecast a recession later this year with incrementally higher NCOs [net charge offs], provisioning and reserve levels,” King wrote in a note to clients.

Bank stock price targets, profit outlooks slashed at Truist as recession looms and liquidity environment gets worse

Comerica Incorporated (CMA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Comerica Incorporated (CMA): Can Its 6.2% Jump Turn into More Strength?

Comerica Incorporated has been plagued by the same issues as all other banks. The company sees deposit outflows being quite high, as it needs to sacrifice earnings to halt these outflows.

Comerica: Uncertainty Is The Name Of The Game

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Comerica Incorporated (CMA) have what it takes?

Comerica Incorporated (CMA) Could Be a Great Choice

American Express

Goldman Sachs

JPMorgan Chase & Co

SVB Financial Group

UMB Financial

The bank crisis looks to widen Wednesday as more U.S. banks prepare for losses as Credit Suisse drags European banks lower. The post Bank Crisis: U.S. Banks Head For More Losses, Rattled By European Weakness appeared first on Investor's Business Daily.

Bank Crisis: U.S. Banks Head For More Losses, Rattled By European Weakness

Regional bank stocks plunged as part of a major premarket selloff on Wednesday morning.

Regional bank stocks plunge as Credit Suisse, Moody's downgrade rattle US market

Bank of New York Mellon

Citigroup

East West Bancorp

Northern Trust

Signature Bank

State Street

High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they're not alone.

Report: 10 Banks Are Most Exposed To Uninsured Deposits

Comerica also to launch new digital solutions for small business customers DALLAS , March 14, 2023 /PRNewswire/ -- Comerica Bank is bolstering its Small Business Banking segment with the appointment of three regional directors – Sandra Felegy, Brent Harraman and Meghan Storey – to expand its reach in small business communities. Additionally, Comerica will debut several digital solutions throughout 2023 with a focus on payments and access to convenient capital.

Comerica Bank Boosts Small Business Banking Division With New Regional Leadership Positions

Shares of US regional banks rallied in pre-market trading on Tuesday after suffering double-digit losses in recent days in the fallout of the Silicon Valley Bank (SVB) collapse. First Republic Bank had added 50%, Western Alliance Bancorporation was up 40%, and PacWest Bancorp had gained 45% before the opening bell in New York.

SVB: US regional banks rally even though Moody's places six under review

First Republic Bank and Western Alliance Bancorp bounced back in early trading after sharp falls.

Bank Stocks Recover After Biggest Day of Losses Since 2020

Apollo Global Management

Old National Bancorp

South State

With the demise of Silicon Valley Bank and Signature Bank and Monday's sharp drop in shares of First Republic Bank, analysts are reshuffling their ratings on bank stocks.

Bank analysts reshuffle ratings in response to seismic shifts in industry

To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group's SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87% , investors can check out the Nasdaq's “Current Trading Halts” page. Multiple banks have had their stock halted for volatility, some more than once, since the opening bell.

Stocks of multiple banks get halted for volatility, more than once, to start the trading day

Analysts at Citigroup Inc (NYSE:C) have placed Dallas-based financial services firm Comerica (NYSE:CMA) Inc on its widely watched focus list. In a note to client, Citi said the company, which has a wholly owned subsidiary called Comerica (NYSE:CMA) Bank, presents a "compelling opportunity" despite a recent slip in stocks across the banking sector.

Comerica added to Citi's focus list as one of the best US regional bank plays

Interested attendees can get tickets to either event at HatchDetroit.com DETROIT , March 9, 2023 /PRNewswire/ -- Aspiring entrepreneurs have submitted their businesses to compete in the 2023 Comerica Hatch Detroit Contest by TechTown, and the process to narrow down the top applicants is now underway! It will soon be the public's turn to participate and support entrepreneurs seeking to open their own brick-and-mortar retail businesses in Detroit, Hamtramck or Highland Park.

News for Comerica Stock (CMA)