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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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.

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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.

Comerica Bank Collects 600 Dresses for Boys & Girls Clubs of Greater Dallas, Dallas CASA in February

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Hatch Detroit programming bolstered by additional $50,000 Comerica Charitable Foundation donation, economic development programming, new TechTown Detroit partnership DETROIT , March 15, 2022 /PRNewswire/ -- Comerica Bank and Hatch Detroit announce the return of the Comerica Hatch Detroit Contest and $100,000 donation from Comerica Bank to this year's winner. The contest, which is returning for the first time since 2019, aims to promote small business economic development in Detroit.

Comerica Hatch Detroit Contest Returns With $100K Donation from Comerica Bank to Benefit Winning Business

DALLAS, March 14, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the addition of two key members to its Retail Bank division with the hiring of Omar Salah, Executive Vice President, Director, Small Business Banking, and Brian Haney , Senior Vice President, Director, Strategy & Transformation. Both will report to Cassandra McKinney, Executive Vice President, Executive Director, Retail Bank.

Comerica Bank Focuses on Small Business and Customer Experience with Addition of Two Leadership Positions

DETROIT, March 7, 2022 /PRNewswire/ -- Comerica Bank is pleased to announce the winner of its second annual Detroit's Biggest Fan contest, Gary Campioni of Flint, Michigan. Campioni not only receives the coveted title of Detroit's Biggest Fan but also an overall grand prize package valued at $15,000, which includes two season tickets to the Detroit Lions 2022 home season.

Comerica Bank Crowns Detroit's Biggest Fan, Gary "Macho Mane" Campioni

Comerica (CMA) is tailormade for your portfolio on the back of its revenue-driving moves and solid organic growth story.

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

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DALLAS, Feb. 17, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that it will participate in the 2022 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 8, 2022. Comerica Incorporated also announced conference call details for its first quarter 2022 financial results on Wednesday, April 20, 2022.

Comerica to Participate in 2022 RBC Capital Markets Global Financial Institutions Conference; Announces Details for Conference Call to Review First Quarter 2022 Earnings

DENVER, Feb. 16, 2022 /PRNewswire/ -- Comerica Incorporated announced today that Jenae Anderson has been named the Head of Commercial Banking, reporting to Arizona Market President Steve Richins. Anderson brings more than 25 years of banking experience to Comerica, including the last 13 at a national bank where she served as Executive Director and Market Executive for Colorado.

Comerica Bank Selects Jenae Anderson to Lead Commercial Banking in Colorado

DALLAS, Feb. 15, 2022 /PRNewswire/ -- Comerica Incorporated announced today that Derric Hicks has been named the Group Manager for its new South Dallas Business Banking team. He will report to Dallas Market President Amanda Mahaney.

Comerica Bank Selects Derric Hicks to Lead South Dallas Business Banking Team

DALLAS, Feb. 15, 2022 /PRNewswire/ -- The Human Rights Campaign Foundation has recognized Comerica for its commitment to fostering a diverse and inclusive work environment for the eighth consecutive year after receiving a perfect 100 percent on its Corporate Equality Index (CEI). The CEI is the nation's foremost benchmarking survey and report measuring company policies and practices related to LGBTQ+ workplace equality.

Comerica Earns Perfect Score on Corporate Equality Index for Eighth Consecutive Year

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DALLAS, Jan. 21, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that William (Bill) Adams will be named Senior Vice President, Chief Economist, effective Jan. 24, 2022. Adams will succeed Robert Dye, Ph.D.

Comerica Incorporated Names Bill Adams, Chief Economist; Robert Dye to Retire on Jan. 28

Comerica's (CMA) Q4 earnings witnessed a positive surprise on lower provisions and a robust fee income, offset by higher costs.

Comerica (CMA) Q4 Earnings Beat Estimates, Revenues Fall

Comerica Incorporated (CMA) CEO Curt Farmer on Q4 2021 Results - Earnings Call Transcript

Comerica Incorporated (CMA) delivered earnings and revenue surprises of 3.11% and 1.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Q4 Earnings and Revenues Surpass Estimates

DALLAS, Jan. 19, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter 2021 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Fourth Quarter 2021 Earnings Results

Comerica's (CMA) Q4 earnings are likely to reflect the favorable impact of improving non-interest income and asset quality amid a recovering economy.

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