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.

Free document shredding and electronics recycling available at Comerica Bank's Livonia Operations Center DETROIT , May 31, 2022 /PRNewswire/ -- Comerica Bank encourages the public to bring paper documents and electronic devices for recycling to the Comerica Bank Livonia Operation Center (39200 W. Six Mile, Livonia 48152) on Saturday, June 11, from 8 a.m.

Comerica Bank's Shred Day Returns to Southeast Michigan, June 11

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BOCA RATON, Fla. , May 24, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Dave Galbreath has been named its Florida Market President, replacing David Kunik, who has decided to step down so he can focus more directly on managing the market's retail operations.

Dave Galbreath Selected to Lead Comerica Bank's Florida Market

Comerica Incorporated (CMA) reported earnings 30 days ago. What's next for the stock?

Comerica Incorporated (CMA) Down 12% Since Last Earnings Report: Can It Rebound?

DALLAS , May 18, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) is expected to release quarterly earnings on the dates indicated below and will host conference calls to review results. Details for Comerica Incorporated's upcoming second quarter 2022 earnings call on Wednesday, July 20, 2022, are now available.

Comerica Announces 2023 Earnings Release Dates; Details for Conference Call to Review Second Quarter 2022 Earnings

DALLAS , May 10, 2022 /PRNewswire/ -- The National Diversity Council (NDC) recognized Comerica Bank's ongoing commitment to diversity, equity and inclusion, naming the bank to its Best U.S. Companies for Diversity listing. Comerica is one of four companies receiving the honor this year, which was announced in conjunction with the release of the 2022 NDC Index.

Comerica Bank Recognized as Best U.S. Companies for Diversity by National Diversity Council

Budding entrepreneurs have until Thursday, May 12 to submit business plan to Hatch Detroit powered by TechTown Detroit for brick-and-mortar storefront DETROIT , May 6, 2022 /PRNewswire/ -- For entrepreneurs seeking funding to open a retail storefront in Detroit, Highland Park, or Hamtramck, the deadline is fast approaching to enter the 2022 Comerica Hatch Detroit Contest in hopes of winning $100,000 from Comerica Bank. Interested applicants with a retail concept looking to open a brick-and-mortar location can submit their business plans via the Hatch Detroit website no later than Thursday, May 12 at 11:59 p.m.

Deadline Fast Approaching to Enter the $100,000 Comerica Hatch Detroit Contest

DALLAS , May 6, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has named Tory Sherman the Senior Vice President, National Director of Sales and Execution, for Wealth Management. He will report to Greg Carr, Executive Vice President, Executive Director, Wealth Management.

Comerica Names Tory Sherman Senior Vice President, National Director of Sales and Execution for Wealth Management Division

DALLAS , May 5, 2022 /PRNewswire/ -- Comerica Bank announced today the expansion of its Environmental Services Department (ESD) with the introduction of a new group dedicated to growing and supporting Comerica's renewable energy business. Matt Breight , Senior Vice President and ESD Group Manager, has been appointed to lead Renewable Energy Solutions.

Comerica Builds on Environmental Services Business with Launch of New Dedicated Renewable Energy Solutions Group

DALLAS , May 3, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Dharmesh Patel has been named Executive Vice President, Director, Retail Business Services. He will report to Cassandra McKinney, Executive Vice President, Executive Director, Retail Bank.

Comerica Bank Names Dharmesh Patel Executive Vice President, Director, Retail Business Services

DALLAS , May 2, 2022 /PRNewswire/ -- Comerica Bank announced it has appointed Sineria Ordóñez as National Hispanic Business Development Manager to support its ongoing commitment to strengthening relationships with Hispanic business leaders, entrepreneurs and communities across its five primary markets of California, Texas, Michigan, Arizona and Florida. These responsibilities are an extension of Ordóñez's current role as Vice President, External Affairs Market Manager – South Texas.

Comerica Appoints Sineria Ordóñez National Hispanic Business Development Manager

FITB vs. CMA: Which Stock Is the Better Value Option?

Comerica Incorporated (NYSE:CMA ) Q1 2022 Earnings Conference Call April 20, 2022 8:00 AM ET Company Participants Darlene Persons - Director of IR Curt Farmer - President, Chairman and CEO Jim Herzog - CFO Peter Sefzik - Executive Director of Commercial Bank Melinda Chausse - Chief Credit Officer Conference Call Participants Bill Carcache - Wolfe Research Jon Arfstrom - RBC Capital Markets John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Scott Siefers - Piper Sander Steven Alexopoulos - JPMorgan Ken Usdin - Jefferies Jennifer Demba - Truist Securities Peter Winter - Wedbush Securities Chris McGratty - KBW Gary Tenner - D.A. Davidson Brian Foran - Autonomous Steve Moss - B.

Comerica Incorporated (CMA) CEO Curt Farmer on Q1 2022 Results - Earnings Call Transcript

A decline in revenues and deposits balance and higher expenses drag Comerica's (CMA) Q1 results.

Comerica (CMA) Q1 Earnings & Revenues Miss, Fee Income Falls

Comerica Incorporated (CMA) delivered earnings and revenue surprises of -0.72% and 2.98%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Misses Q1 Earnings and Revenue Estimates

DALLAS , April 20, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2022 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports First Quarter 2022 Earnings Results

Despite improvement in asset quality, lower fee income and average interest-earning assets discourage Comerica's (CMA) Q1 earnings. Higher expenses are another spoilsport.

Subdued NII & Fee Income to Hurt Comerica's (CMA) Q1 Earnings

DALLAS , April 18, 2022 /PRNewswire/ -- Comerica Bank and Iron Mountain Incorporated, the global leader in storage and information management services, will securely shred sensitive paper documents for free from 8 a.m. to 5 p.m. on Saturday, April 23 at Iron Mountain's DFW flagship station located in Mercer Business Park on the northwest corner of I-35 and 635 (12121 N.

Comerica Bank Shred Day DFW Returns on April 23, Celebrates 10th Anniversary

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

What Makes Comerica Incorporated (CMA) a New Buy Stock

DALLAS, April 7, 2022 /PRNewswire/ -- The Comerica Bank Women's Business Symposium is back in 2022 to help women in business Learn, Connect, Grow & Celebrate their potential together as the popular business networking event returns to an in-person format on Friday, April 29, from 10 a.m. – 3:15 p.m.

Learn, Connect, Grow & Celebrate in Person with Return of Comerica Bank Women's Business Symposium

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Public encouraged to drop-off dresses, accessories at select Comerica locations March 28 – April 15 DETROIT , March 23, 2022 /PRNewswire/ -- Comerica Bank is welcoming donations for its fourth Prom Dress Drive on Monday, March 28 and continuing through Friday, April 15, in support of community partner Hope Closet. Individuals and businesses alike can drop off new or gently-used dresses to any participating Comerica location, to benefit southeast Michigan students.

Comerica Bank's Prom Dress Drive Returns, Benefiting Hope Closet

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DALLAS , March 18, 2022 /PRNewswire/ -- Six Dallas-area Comerica banking centers collected more than 600 new or gently used formal dresses as well as accessories from fellow colleagues, clients and the community last month for teens served by Dallas CASA and the Boys & Girls Clubs of Greater Dallas . Overall, Comerica has donated nearly 5,600 dresses to both organizations and other community partners in the last seven years as part of its annual Prom Dress Drive.

News for Comerica Stock (CMA)