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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According to NextEarningsDate.com, the Comerica next earnings date is projected to be 7/19 before market open, with earnings estimates of $1.21/share on $0.82 Billion of revenue. Looking back, the recent Comerica earnings history looks like this:

Comerica Reports Before The Open 7/19 — Options Expire The Same Day

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Comerica's (CMA) robust loan pipeline will support growth in the upcoming quarters. Further, decent cash levels are likely to support its capital distribution activities.

Comerica (CMA) Aided by NII & Loan Growth Amid Cost Woes

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NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

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FREE document shredding and electronics recycling by Iron Mountain and Information Systems Resources available at Comerica's new Great Lakes Campus DETROIT , May 30, 2024 /PRNewswire/ -- Comerica Bank encourages the public to bring paper documents and computer electronic devices for recycling, free of charge, to Comerica's Great Lakes Campus (36455 Corporate Drive, Farmington Hills, MI 48331) on Saturday, June 15, from 8 a.m. to 1 p.m., for the return of its 15th annual Shred Day.

Comerica Bank's 15th Annual Shred Day Moves to Farmington Hills on Saturday, June 15

DALLAS , May 28, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024. Comerica Incorporated also provided details for its second quarter 2024 earnings call on Friday, July 19, 2024.

Comerica to Participate in 2024 Morgan Stanley US Financials, Payments & CRE Conference; Announces Details for Conference Call to Review Second Quarter 2024 Earnings

Comerica Bank, N.A enters an enforcement agreement with OCC to address issues related to the bank's risk governance framework and internal controls.

Comerica Bank N.A, OCC Enters Agreement Over Compliance Issues (Revised)

Comerica (CMA) enters an enforcement agreement with OCC to address issues related to the bank's risk governance framework and internal controls.

Comerica (CMA), OCC Enters Agreement Over Compliance Issues

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DALLAS, May 14, 2024 /PRNewswire/ -- The Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change, has named Comerica Bank to its 2024 list of The Civic 50. It marks the ninth consecutive year and 10th time overall that Comerica has received the honor in the program's 12-year history of recognizing top community-minded companies in the United States according to its annual survey.

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

DALLAS , May 10, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced its plans to release 2025 quarterly financial results and host conference calls on the following dates: FOURTH QUARTER 2024: Wednesday, Jan. 22, 2025                  7 a.m. CT/ 8 a.m.

Comerica Announces Earnings Release Dates for 2025

12th annual Hatch Off brings organic skincare business to Detroit DETROIT , May 10, 2024 /PRNewswire/ -- The winner of the 2024 Comerica Hatch Detroit Contest by TechTown has been crowned! G.L.A.M. Body Scrubs is the winner of the 12th annual Comerica Hatch Detroit Contest, taking home the $100,000 grand prize from Comerica Bank to open the brick-and-mortar business of their dreams.

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DALLAS , May 1, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.

Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer

DALLAS , April 30, 2024 /PRNewswire/ -- Comerica Bank announced today it is expanding its regional partnership with the Network for Teaching Entrepreneurship (NFTE) to multiple markets within its geographical footprint. This $100,000 investment will provide entrepreneurship education programming to more than 25,000 middle and high school students in under-resourced communities who participate in NFTE's Aspiring Entrepreneurs Program in California, Florida, Michigan and Texas.

Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership

DALLAS , April 23, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of four proposals at today's annual meeting of shareholders. Comerica Incorporated shareholders elected the following directors to the Board of Directors for one-year terms: Arthur G.

Comerica Announces Results from Annual Shareholders' Meeting

Comerica's (CMA) Q1 results reflect an improvement in its capital ratios. However, challenges emerge with lower net interest income and loan balances, along with higher expenses.

Comerica (CMA) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

Comerica Incorporated (NYSE:CMA ) Q1 2024 Earnings Conference Call April 18, 2024 8:00 AM ET Company Participants Kelly Gage - Director of Investor Relations Curt Farmer - President, Chairman and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Ken Usdin - Jefferies John Pancari - Evercore ISI Scott Siefers - Piper Sandler Steve Alexopoulos - JPMorgan Chase Bernard Von Gizycki - Deutsche Bank Manan Gosalia - Morgan Stanley Mike Mayo - Wells Fargo Chris McGratty - KBW Zach Westerlind - UBS Operator Greetings, and welcome to the Comerica First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Comerica Incorporated (CMA) Q1 2024 Earnings Call Transcript

The headline numbers for Comerica (CMA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Comerica (CMA) Reports Q1 Earnings: What Key Metrics Have to Say

DALLAS , April 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports First Quarter 2024 Earnings Results

Comerica (CMA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Comerica (CMA) Ahead of Earnings?

News for Comerica Stock (CMA)