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, 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...

Comerica Bank's Michigan Index Ticked Up

DALLAS, Nov. 18, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) will release quarterly earnings on the dates indicated below and will host conference calls to review the results. Comerica Incorporated also announced it will participate in the Goldman Sachs US 2020 Financial...

Comerica Announces Earnings Release Dates and Participation in Goldman Sachs 2020 US Financial Services Conference

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Pfizer, BioNTech Vaccine News Boosts Interest Rates And Bank Share Prices

DALLAS, Oct. 29, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in August to 116.1. August's index reading was 21 points, or 22 percent, above the index cyclical low of 95.5. The index averaged 139.1 points for all of 2019, 3.8 points above the average for...

Comerica Bank's Texas Index Up Again

DALLAS, Oct. 29, 2020 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in August to a level of 103.1. August's reading was 16 points, or 19 percent, higher than the cyclical low. The index averaged 117.7 points for all of 2019, 0.9 points below the index average...

Comerica Bank's Michigan Index Improving

DALLAS, Oct. 26, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Beatrice Kelly joined the bank on Oct. 5 as the new Senior Vice President and Director of Community Development Lending, reporting directly to Peter Sefzik, Executive Vice President, Commercial...

Beatrice Kelly Joins Comerica to Lead Community Development Lending Program

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Comerica Bank is teaming up with the Local Initiatives Support Corporation (LISC) to expand access to capital for small businesses and nonprofits led by people of color—especially organizations without the size or track record to attract...

Comerica makes grant to LISC to fuel lending for minority-owned small businesses in Detroit, LA and Phoenix

Comerica Incorporated's (CMA) CEO Curtis Farmer on Q3 2020 Results - Earnings Call Transcript

Comerica's (CMA) Q3 results reflect lower provisions, higher expenses and fall in revenues.

Comerica (CMA) Q3 Earnings Beat Estimates, Provisions Fall

Shares of Comerica (NYSE:CMA) moved higher by 0.4% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 25.00% over the past year to $1.44, which beat the estimate of $0.83.

Recap: Comerica Q3 Earnings

DALLAS, Oct. 20, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third 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 Third Quarter 2020 Earnings Results

On Tuesday, October 20, Comerica (NYSE:CMA) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings Preview: Comerica

Comerica (CMA) reflects the favorable impact of revenue growth and the bank's initiatives, along with increasing loans balances, partly offset by rise in expenses and lack of diversification.

Organic Growth Supports Comerica (CMA), Cost Woes Persist

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DALLAS, Oct. 1, 2020 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in July to a level of 95.1. July's reading was 8 points or 10 percent higher than the cyclical low. The index averaged 117.7 points for all of 2019, 0.9 points below the index average for 2018....

Comerica Bank's Michigan Index Recovering

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The Third Avenue Value Fund (Trades, Portfolio), launched in 1990 under the late Marty Whitman, disclosed this week that its top four trades for the third quarter included a position boost in Comerica Inc. (NYSE:CMA) and sells in three companies: Lennar Corp. (NYSE:LEN.B), Interfor Corp. (TSX:IFP) and Warrior Met Coal Inc. (NYSE:HCC).

News for Comerica Stock (CMA)