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.

DALLAS, Feb. 16, 2021 /PRNewswire/ -- In response to severe winter weather conditions, Comerica Bank announced today many Comerica locations, including several banking centers in the Austin, Dallas, Fort Worth, Houston, Kerrville and San Antonio markets are temporarily closed. "The safety...

Comerica Temporarily Closes Several Texas Banking Centers As Rolling Power Outages Continue Across the State

DALLAS, Feb. 16, 2021 /PRNewswire/ -- For the eighth consecutive year, Comerica Incorporated (NYSE: CMA) received a perfect 100 percent on the Human Rights Campaign Foundation's 2021 Corporate Equality Index (CEI). The CEI recognizes employers who continue to take concrete steps in...

Comerica Earns Perfect Score on Corporate Equality Index

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6 Must-Buy High-Flying Bank Stocks for a Power-Packed Portfolio

DALLAS, Feb. 2, 2021 /PRNewswire/ -- For the third consecutive year, Comerica Incorporated (NYSE: CMA) earned a place on the 2021 Global 100 list of the most sustainable corporations by Corporate Knights. Comerica is one of 20 companies headquartered in the United States on the list and...

Comerica Recognized As Global Sustainability Leader For Third Consecutive Year

DETROIT, Jan. 29, 2021 /PRNewswire/ -- Though the United Way Hometown Huddle initiative faced challenges due to COVID-19, the annual community day of service, in partnership with the National Football League, continued to bring awareness and impact to the issue of youth health and fitness....

Comerica Supports United Way Hometown Huddle with the Detroit Lions to Provide Personal Care Kits to Detroit Students and Families

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DALLAS, Jan. 29, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in November to a level of 104.4. November's reading is 15 percent above the historical low of 90.4. The index averaged 124.3 points in 2019, 0.4 points above the average for all of 2018....

Comerica Bank's California Index Improved

DALLAS, Jan. 29, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in November to a level of 106.3. November's reading was 22 percent higher than the historical low. The index averaged 117.8 points for all of 2019, 0.7 points below the index average for 2018....

Comerica Bank's Michigan Index Inched Up

BOCA RATON, Fla., Jan. 28, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced today that David Kunik has been selected to lead its Florida Market, replacing Patty Nobles who will retire at the end of February after a 33-year tenure at Comerica. As Retail District Manager and...

David Kunik Named Comerica Bank Florida Market President

Comerica Incorporated (CMA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Comerica Incorporated (CMA): Time to Buy?

Comerica Incorporated (CMA) CEO Curtis Farmer on Q4 2020 Results - Earnings Call Transcript

DALLAS, Jan. 19, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter 2020 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be...

Comerica Reports Fourth Quarter 2020 Earnings Results

Soft interest income due to low rates and weak fee income might have hurt Comerica's (CMA) Q4 earnings.

Will Lower Revenues Affect Comerica's (CMA) Q4 Earnings?

One feature I like to use to help evaluate potential investments is the GuruFocus Fair Value Line, which seeks to estimate the current intrinsic value of a security. The GF Value incorporates:

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DETROIT, Jan. 8, 2021 /PRNewswire/ -- Comerica Bank and Comerica Charitable Foundation announced today contributions of nearly $240,000 to 11 nonprofit organizations to support food security, education initiatives, health and human services, and COVID-19 relief outreach in Michigan. These...

Comerica Bank and Comerica Charitable Foundation Donate Nearly $240,000 to Michigan Community Initiatives to Finish Out $4.3 Million in Contributions & Community Investments in 2020

DALLAS, Jan. 5, 2021 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in October to a level of 101.0. October's reading is 12 percent above the historical low of 90.3. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018....

Comerica Bank's California Index Ticked Higher

DALLAS, Jan. 5, 2021 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in October to 121.1. October's index reading was 27 percent above the index historical low of 95.5. The index averaged 139.7 points for all of 2019, 4.4 points above the average for 2018....

Comerica Bank's Texas Index Improved

DALLAS, Jan. 5, 2021 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in October to a level of 106.2. October's reading was 22 percent higher than the historical low. The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018....

Comerica Bank's Michigan Index Inched Higher

DALLAS, Dec. 21, 2020 /PRNewswire/ -- Comerica Bank announced today it is investing $250,000 in Community Development Financial Institution (CDFI) DreamSpring to help small businesses sustain in its Dallas and Phoenix markets, as the pandemic continues to be a hardship on this sector....

Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment

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DALLAS, Dec. 18, 2020 /PRNewswire/ -- Comerica Bank announced more than $1 million in contributions split among six California nonprofits helping to facilitate critical support for minority-owned small businesses and low- to moderate-income communities impacted by the COVID-19 pandemic....

Comerica Adds Over $1 Million in Investments to Strengthen California Nonprofits

DALLAS, Dec. 17, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) and its commitment to corporate responsibility is closing out 2020 with high marks from Newsweek and CDP. For the second consecutive year, Comerica earned one of the top spots on Newsweek's list of America's Most...

Comerica Bank Named One of America's Most Responsible Companies by Newsweek; Recognized as Sustainability Leader by CDP

Comerica Incorporated's (NYSE: CMA) stock has performed the worst among super regional banks year to date, declining around 26% versus the downturn of about 11% in the SPDR S&P Regional Banking ETF (NYSE: KRE), according to Stephens. The Comerica Analyst: Terry McEvoy upgraded Comerica from Equal-Weight to Overweight, while raising the price target from $46 to $62.

Stephens Upgrades Comerica After YTD Pullback

DALLAS, Dec. 1, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in September to 119.0. September's index reading was 25 percent above the index cyclical low of 95.5. The index averaged 139.7 points for all of 2019, 4.5 points above the average for 2018....

Comerica Bank's Texas Index Moved Higher

DALLAS, Dec. 1, 2020 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in September to a level of 105.6. September's reading was 22 percent higher than the cyclical low of 86.9. The index averaged 117.9 points for all of 2019, 0.7 points below the index average...

News for Comerica Stock (CMA)