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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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

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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 , Jan. 22, 2024 /PRNewswire/ -- The Comerica Texas Economic Activity Index increased by 5.3% annualized in the three months through October and was up 2.2% from a year earlier.  Five of the Index's nine components rose in the month, while four fell.

Comerica Bank's Texas Index Rose in October

DALLAS , Jan. 22, 2024 /PRNewswire/ -- The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, reversing a drop in the prior three months. Nonetheless, the Index was still down 0.4% from a year earlier, and declined in those terms for most of 2023.

Comerica Bank's Michigan Index Rebounded in October Despite the UAW Strike

A decline in revenues and higher expenses affect Comerica's (CMA) Q4 earnings. Nonetheless, a fall in provisions on a year-over-year basis offers some support.

Comerica's (CMA) Q4 Earnings Beat Estimates, NII Declines Y/Y

Comerica Incorporated (CMA) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Comerica Incorporated (CMA) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Comerica Incorporated (CMA) Q4 Earnings

Comerica Inc (NYSE:CMA) reported a sharp year-over-year decline in profits for the fourth quarter and full-year 2023 as higher interest rates and other macroeconomic pressures continued to weigh on regional banks. The Dallas, Texas-based financial services company reported a drop in profits from $2.58 per share to $1.46, which exceeded Wall Street analyst expectations of $1.38.

Comerica reports sharp drop in 4Q profits

Comerica Incorporated (CMA) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.58 per share a year ago.

Comerica Incorporated (CMA) Beats Q4 Earnings Estimates

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DALLAS , Jan. 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 2023 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Fourth Quarter and Full-Year 2023 Earnings Results

Beyond analysts' top -and-bottom-line estimates for Comerica Incorporated (CMA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Countdown to Comerica Incorporated (CMA) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Comerica Incorporated (CMA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Comerica Incorporated (CMA) Q4 Earnings Expected to Decline

Increasing funding costs are likely to have hurt Comerica's (CMA) Q4 NII growth. Moreover, a decline in fee income and high costs are expected to have affected the results.

Fall in NII, High Costs to Hurt Comerica (CMA) in Q4 Earnings

Comerica downgraded to Hold today from its previous Strong Buy this summer. Nice 5% dividend yield and dividend income growth in last decade. Relatively flat or declining revenue, earnings, and equity growth lately while share price trading double-digits above moving average as banking sector bullish.

Comerica: Holding Strong And Highly Liquid With 5% Dividend Yield, Despite Earnings Declines

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Comerica Incorporated (CMA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Comerica Incorporated (CMA) Beat Estimates Again in Its Next Earnings Report?

Applications now open for 12th annual entrepreneurial contest DETROIT , Jan. 3, 2024 /PRNewswire/ -- Comerica Bank and TechTown Detroit are gearing up for the return of the Comerica Hatch Detroit Contest, a small business competition that awards $100,000 in startup funding from Comerica Bank to one winning entrepreneur seeking to open a Detroit brick-and-mortar storefront. The competition, first launched in 2011, bolsters small business development in Detroit and will take place over the next four months, announcing this year's winning business in the spring.

$100,000 Comerica Hatch Detroit Contest by TechTown returns to find Detroit's next winning brick-and-mortar small business

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Comerica Incorporated (CMA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Comerica Incorporated (CMA) Soars 7.1%: Is Further Upside Left in the Stock?

Innovative products, services and resources driving Comerica's small business banking transformation, reach and growth DALLAS , Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has exceeded the three-year, $5 billion small business lending commitment first announced in May 2021. Through 2023 third quarter earnings, Comerica Bank has achieved 102% of its commitment since the bank's initial announcement.

Comerica Bank Exceeds Three-Year, $5 Billion Small Business Lending Commitment

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News for Comerica Stock (CMA)