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, Dec. 22, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it has been named to Newsweek's 2022 list of America's Most Responsible Companies. This marks the third consecutive year Comerica has made the list recognizing companies from across the country positively impacting their communities through environment, social and corporate governance (ESG) initiatives.

Comerica Bank Recognized as One of America's Most Responsible Companies for Third Consecutive Year

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DALLAS, Dec. 13, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that it has established a new Office of Corporate Responsibility with Wendy Bridges , Senior Vice President, Corporate Communications and Executive Administration, appointed to lead the department as Executive Vice President, Executive Director of Corporate Responsibility. Bridges reports directly to Curt Farmer, Chairman and Chief Executive Officer, and serves on Comerica's Management Executive Committee.

Comerica Incorporated Establishes New Office of Corporate Responsibility; Wendy Bridges to Serve in New Role as Executive Vice President, Corporate Responsibility

Despite bearing a concentrated loan portfolio, Comerica (CMA) is worth retaining in your portfolio on the back of its cost-control initiatives and improving organic growth.

Here's Why You Should Hold Onto Comerica (CMA) Stock Now

DALLAS, Nov. 30, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2021 US Financial Services Conference on Wednesday, Dec. 8, 2021. Comerica Incorporated also provided details for its fourth quarter 2021 earnings call on Wednesday, Jan. 19, 2022.

Comerica to Participate in Goldman Sachs 2021 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2021 Earnings

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

Comerica Incorporated (CMA) Up 3% Since Last Earnings Report: Can It Continue?

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DALLAS, Nov. 2, 2021 /PRNewswire/ -- Nancy Flores has been appointed to the Comerica Incorporated Board of Directors, effective Jan. 1, 2022. Flores is Chief Information and Technology Officer for Irving, Texas-based McKesson Corporation, a global leader in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care and healthcare information solutions.

Comerica Incorporated Appoints Nancy Flores to Board of Directors

DALLAS, Oct. 27, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in August to a level of 118.4. August's reading is 27.6 percent above the historical low of 92.8 set in June 2020.

Comerica Bank's California Index Inches Higher

DALLAS, Oct. 27, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in August to 126.5. August's index reading was 27.4 percent above the recent low of 99.3 set in June 2020.

Comerica Bank's Texas Index Ticks Up

DALLAS, Oct. 27, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index decreased in August to a level of 106.6. August's reading was 24.4 percent higher than the historical low of 85.7 reached in June 2020.

Comerica Bank's Michigan Index Declines

DALLAS, Oct. 26, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the BofA Securities 2021 Banking and Financials Conference on Wednesday, Nov. 10, 2021. Interested parties may access additional information through the following details: BofA Securities 2021 Banking and Financials Conference: DATE: Wednesday, Nov. 10, 2021 TIME:  1:30 p.m.

Comerica to Participate in BofA Securities 2021 Banking and Financials Conference

DALLAS, Oct. 22, 2021 /PRNewswire/ -- Forbes named Comerica Bank to its 2021 list of Best Employers for Women. This marks the first time Comerica has received the honor and joins the exclusive category as one of 300 companies to receive the prestigious recognition.

Comerica Bank Named a 2021 Best Employer for Women by Forbes

Comerica Incorporated (NYSE: CMA) shares are trading higher by 4.1% at $87.49 after the company reported better-than-expected third-quarter EPS results. Comerica reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $1.64 by 16%.

Why Comerica Shares Are Rising

Comerica Incorporated (CMA) CEO Curt Farmer on Q3 2021 Results - Earnings Call Transcript

Comerica's (CMA) Q3 results reflect fee income strength and benefit from provision for credit losses. However, lower loan balance and higher expenses have been spoilsports.

Comerica (CMA) Q3 Earnings Surpass Estimates, Loans Decline

Comerica Incorporated (CMA) delivered earnings and revenue surprises of 13.10% and 2.94%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Beats Q3 Earnings and Revenue Estimates

DALLAS, Oct. 20, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2021 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Third Quarter 2021 Earnings Results

Comerica(NYSE:CMA) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Earnings Outlook For Comerica

DETROIT, Oct. 19, 2021 /PRNewswire/ -- Comerica Bank announced it has named Hassan Melhem as External Affairs Manager-Southeast Michigan and National Middle Eastern American Business Development Manager supporting its ongoing commitment to building impactful relationships with Middle Eastern American business leaders, entrepreneurs and communities across all markets. Melhem's responsibilities include coordinating community reinvestment and external affairs activities, and he will collaborate with Comerica's business resource groups, Chief Diversity Officer Nate Bennett, and Chief Community Officer Irvin Ashford, Jr. on building external partnerships with Middle Eastern American nonprofit organizations across the bank's national footprint.

Comerica Bank Names Hassan Melhem External Affairs Manager-Southeast Michigan and National Middle Eastern American Business Development Manager

If interest rates increase, Comerica's higher than peer level of asset sensitivity should result in stronger earnings growth. Management sounded optimistic that core loan growth should start to materialize soon.

Comerica: When Rates Go Up, This Bank Is Best-In-Class

Comerica's (CMA) Q3 earnings are likely to reflect the favorable impact of higher non-interest income and net interest income, amid a recovering economy.

Comerica (CMA) to Report Q3 Earnings: What's in the Cards?

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News for Comerica Stock (CMA)