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.

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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There are 20 stocks on my high yield watchlist for October 2021. Twelve of the stocks on my watchlist are currently undervalued based on dividend yield theory.

High Yield Stock Watchlist - October 2021

The shares of Comerica Incorporated (NYSE: CMA) have received a $78 price target from B. Riley. These are the details.

CMA Stock: $78 Price Target From B. Riley

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Bank stocks have been performing impressively in Q3. Top-performing S&P 500 banks like Zions (ZION), SVB Financial (SIVB), Comerica (CMA), Fifth Third Bancorp (FITB), and Huntington (HBAN) that are driven by solid fundamentals are worth a look.

Watch Out for These 5 Top-Performing S&P 500 Banks of Q3

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There are 30 High-Yield Dividend Stocks on the October 2021 watchlist.

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Inflation is rising again, and so are Treasury bill yields. That's bad news for some businesses, but it's great news for banks -- and these two look like good investment opportunities.

2 High-Yielding Dividend Stocks That Also Fight Inflation

NAPLES, Fla., Sept. 23, 2021 /PRNewswire/ -- Comerica Bank announced gomerica, the Comerica Mobile Bank, will make its debut in Naples, Florida, on Monday, September 27.

Comerica Bank Launches gomerica Mobile Bank Bus

DALLAS, Sept. 22, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in July to a level of 118.3.

Comerica Bank's California Index Ticks Up

DALLAS, Sept. 22, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in July to 125.6.

Comerica Bank's Texas Index Inches Higher

DALLAS, Sept. 22, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in July to a level of 107.6.

Comerica Bank's Michigan Index Improves

DALLAS, Sept. 21, 2021 /PRNewswire/ -- The Comerica Bank Women's Business Symposium returns for a virtual format on Thursday, Oct. 21 from 11:30 a.m.

Virtual Comerica Bank Women's Business Symposium Returns to Empower Women and Support Local Nonprofits

DALLAS, Sept. 17, 2021 /PRNewswire/ -- Comerica Bank will celebrate Hispanic Heritage Month with a virtual roundtable of Latina leaders working to increase economic equality and prosperity for underserved communities.

Empowering Conversation with Latina Leaders Celebrates Hispanic Heritage Month

DALLAS, Sept. 15, 2021 /PRNewswire/ -- Comerica Bank received five stars – the highest marking – in the category of governance as part of the 2021 HACR Corporate Inclusion Index.

Comerica Bank Earns Five-Star Recognition in Latest HACR Corporate Inclusion Index

DETROIT, Sept. 14, 2021 /PRNewswire/ -- 313 Presents today announced an expanded relationship with Comerica Bank.

313 Presents Announces Exclusive Presenting Partnership with Comerica Bank for Fox Theatre

DETROIT, Sept. 10, 2021 /PRNewswire/ -- As the Detroit Lions kick off a new and exciting era of Lions football Sunday, September 12 at Ford Field against the San Francisco 49ers, one collaborative program will continue impacting the community.

Comerica Bank Detroit Lions First Down Program Enters Fifth Year Supporting Community Partners

There are 17 stocks on my high yield watchlist for September 2021. Nine of the stocks on my watchlist are currently undervalued based on dividend yield theory.

High Yield Stock Watchlist - September 2021

DALLAS--(BUSINESS WIRE)-- #Banking--Comerica Bank and FHLB Dallas partnered to award a combined $71,000 in Partnership Grant Program (PGP) funds to four Texas nonprofits.

Banks Award $71K to Four Texas Nonprofits

DALLAS, Aug. 30, 2021 /PRNewswire/ -- Comerica Bank has released its latest Diversity, Equity and Inclusion Progress Report providing an overview of the strong commitment the bank and its colleagues have made, and continue to make, to diversity, equity and inclusion (DEI). Diversity, one of Comerica's seven core values, remains a focal point across all of its markets, business lines and operations.

Comerica Bank Highlights Diversity, Equity And Inclusion Progress In New Report

DALLAS, Aug. 24, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Barclays Global Financial Services Conference on Monday, Sept. 13, 2021. Comerica Incorporated also provided details for its third quarter 2021 earnings call on Wednesday, Oct. 20, 2021.

Comerica to Participate in Barclays Global Financial Services Conference; Announces Details for Conference Call to Review Third Quarter 2021 Earnings

DALLAS, Aug. 23, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in June to a level of 116.5. June's reading is 25.5 percent above the historical low of 92.8 set in June 2020.

Comerica Bank's California Index Improves Again

DALLAS, Aug. 23, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in June to 125.2. June's index reading was 26.1 percent above the recent low of 99.3 set in June 2020.

Comerica Bank's Texas Index Improves

DALLAS, Aug. 23, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in June to a level of 107.2. June's reading was 24.9 percent higher than the historical low of 85.8 reached in June 2020.

Comerica Bank's Michigan Index Inches Up

DALLAS, Aug. 23, 2021 /PRNewswire/ -- Comerica has released its Corporate Responsibility Report which represents the 13th consecutive report related to Comerica's Environmental, Social and Governance performance. In conjunction with the report, Comerica established an ESG Platform which highlights five key ESG commitments: Provide access to capital focused on underserved communities, women, minorities and small businesses Promote a diverse, inclusive and equitable workforce Invest in financial education for underserved communities Address climate change Enhance ESG-related product and service solutions "Comerica's ESG Platform illustrates what we believe to be the most impactful ESG issues for our company, customers and colleagues, and those in which we feel that we can make a significant difference," said Curt Farmer, Chairman and Chief Executive Officer, Comerica Bank and Comerica Incorporated.

Comerica Bank Announces ESG Platform, Releases Annual Corporate Responsibility Report

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

News for Comerica Stock (CMA)