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.

DALLAS, July 26, 2021 /PRNewswire/ -- Comerica Bank announced that Bob Buchanan has been named Senior Vice President and National Practice Leader – Business Transition Planning. Buchanan joined Comerica on July 12, 2021, and reports to Lisa Featherngill, National Director of Wealth Planning.

Comerica Bank Names Bob Buchanan Senior Vice President, National Practice Leader - Business Transition Planning

Capital One

Fifth Third Bancorp

KeyCorp

Bank OZK

Major banks like KeyCorp (KEY), Comerica (CMA), Fifth Third (FITB), Capital One (COF) & Bank OZK (OZK) surpass Q2 earnings estimates on solid fee income growth and reserve releases.

Bank Stock Roundup: KEY, CMA, FITB, COF & OZK in Focus on Q2 Earnings Beat

Comerica Incorporated (CMA) CEO Curt Farmer on Q2 2021 Results - Earnings Call Transcript

Comerica's (CMA) Q2 results reflect fee income strength and lower provisions. However, lower loan balance and higher expenses have been spoilsports.

Comerica (CMA) Q2 Earnings Top Estimates on Reserve Release

Comerica Incorporated (CMA) delivered earnings and revenue surprises of 43.21% and 3.63%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Q2 Earnings and Revenues Top Estimates

DALLAS, July 21, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2021 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Second Quarter 2021 Earnings Results

DALLAS, July 20, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in May to a level of 114.0. May's reading is 23 percent above the historical low of 92.7 set in June 2020.

Comerica Bank's California Index Improves

DALLAS, July 20, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in May to 123.0. May's index reading was 24.0 percent above the recent low of 99.2 set in June 2020.

Comerica Bank's Texas Index Climbs

Alcoa

Thermo Fisher Scientific

Shell Midstream Partners LP

Helix Energy Solutions Group

Medallia Inc

Renewable Energy Group

Wayfair

With the trading day past the halfway mark, the major averages were pulling back despite a strong start to the day.

Alcoa, Comerica, Shell Midstream, Thermo Fisher and More Friday Afternoon Analyst Calls

Comerica's (CMA) Q2 earnings are likely to reflect benefits from higher non-interest income, while muted revenue growth might have played spoilsport amid low interest rates.

Fee Income Growth to Support Comerica's (CMA) Q2 Earnings

Coinbase

Citigroup

Goldman Sachs

JPMorgan Chase & Co

SMART Global Hlds

With the trading day more than halfway over, the markets were bouncing back from Tuesday's pullback.

Citigroup, Coinbase, Goldman Sachs, JPMorgan and More Tuesday Afternoon Analyst Calls

DALLAS, June 29, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) is expected to release quarterly earnings on the dates indicated below and will host conference calls to review the results. Please note that dial-in information for the earnings calls will be provided at a later date.

Comerica Announces Earnings Release Dates

TORONTO--(BUSINESS WIRE)--Alida (formerly Vision Critical), creator of the world's first CXM & Insights Platform has secured a US$10 million debt facility from Comerica Bank (NYSE: CMA). The financing was provided by Comerica Bank's Technology and Life Sciences Division. The funds provide Alida with access to additional working capital and will also contribute to Alida's aggressive growth strategy and ambitious roadmap centered around delivering market-leading solutions in the Customer Expe

Alida Secures US$10 Million Debt Facility From Comerica Bank

DALLAS, June 24, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in April to a level of 110.9. April's reading is 19.6 percent above the historical low of 92.7 set in June 2020.

Comerica Bank's California Index Moves Higher

DALLAS, June 24, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in April to 117.5. April's index reading was 18.4 percent above the recent low of 99.2 set in June 2020.

Comerica Bank's Texas Index Moved Up

DALLAS, June 24, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in April to a level of 105.9. April's reading was 23.4 percent higher than the historical low reached in June 2020.

Comerica Bank's Michigan Index Increased

Having gained close to 150% since the March 23 lows of last year, at the current price of $71 per share, we believe Comerica Incorporated Stock is trading above its near-term potential. Comerica has seen its stock rally from $27 to $71 off the 2020 March bottom compared to the S&P which moved.

After A 12% Drop Since June 1, Is Comerica Stock Still Pricey?

DALLAS, June 16, 2021 /PRNewswire/ -- Comerica Bank and its ongoing commitment to improving the communities it serves received national recognition as it has been named a 2021 honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service. The Civic 50 provides a national standard for corporate citizenship and showcases how companies can use their time, skills and resources to drive social impact in their communities and company.

Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Sixth Consecutive Year

DALLAS, June 11, 2021 /PRNewswire/ -- Comerica Bank and Southern California nonprofit PF Bresee Foundation are demonstrating how financial education can serve as a catalyst for change with the creation of the Women in Charge Financial Empowerment Camp. Mothers and their daughters will participate in a six-week camp designed to educate and empower with the goal of improving credit and increasing savings.

Comerica Bank Empowers Moms and Daughters Through Financial Education Program

Bank of America

Wells Fargo

All bank stocks stand to benefit from a rise in interest rates, but these banks stand to see an outsized benefit.

3 Bank Stocks That Will Greatly Benefit From Rate Hikes

After a 180% rally since the March 23 lows of the last year, at the current price of $78 per share, we believe Comerica Incorporated Stock is expensive. Comerica, the largest U.S. commercial bank, has seen its stock rally from $27 to $78 off the March 2020 bottom compared to the S&P which moved.

At $78, Comerica's Stock Is Quite Expensive

DALLAS, June 1, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in March to a level of 108.0. March's reading is 17 percent above the historical low of 92.7 set in June 2020.

Comerica Bank's California Index Climbs

DALLAS, June 1, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in March to 115.3. March's index reading was 16 percent above the recent low of 99.3 set in June 2020.

Comerica Bank's Texas Index Increases

DALLAS, June 1, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in March to a level of 104.9. March's reading was 23 percent higher than the historical low reached in June 2020.

Comerica Bank's Michigan Index Ticks Higher

DALLAS, May 25, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that it will participate in the Morgan Stanley US Financials Conference on Monday, June 14, 2021.   Comerica Incorporated also provided details for its second quarter 2021 earnings call on Wednesday, July 21, 2021.

News for Comerica Stock (CMA)