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.

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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This year saw the most significant bank failures since the Great Recession of 2008 to 2009. High interest rates weighed on banks that relied heavily on no or low-cost deposit bases.

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Comerica (CMA) reports a decline in average loans and deposits. Nonetheless, it reiterates the NII guidance for fourth-quarter 2023.

Comerica (CMA) Reports Decline in Average Loans & Deposits

In Support of F.A.R.M. (Family Assistance for Renaissance Men), Detroit Lions to match up to $100,000 in donations; Comerica contributes $10,000 DETROIT , Dec. 7, 2023 /PRNewswire/ -- The Detroit Lions and Comerica Bank announced today their community collaboration as part of the annual My Cause My Cleats campaign, encouraging the community to "Double the Impact" by donating to F.A.R.M.

Detroit Lions, Comerica Bank Collaboration Returns to "Double the Impact" for My Cause My Cleats Campaign

An upgrade of Comerica Inc.'s CMA, +1.11% technology platform inadvertently caused millions of dollars in account shortfalls in its wealth management trust unit, The Wall Street Journal reported on Wednesday. The Office of the Comptroller of the Currency is studying the technology platform change at Comerica that triggered failures on transactions for trust clients, the newspaper reported.

Regulators studying Comerica tech issue that led to trust client account errors: WSJ

Decent loan growth, rising NII, adequate liquidity and sustainable capital distributions are major tailwinds for Comerica (CMA). However, increasing costs are likely to limit bottom-line growth.

Organic Growth Supports Comerica (CMA), High Expenses Hurt

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Comerica Incorporated (NYSE: CMA) on behalf of long-term stockholders following a class action complaint that was filed against Comerica on August 21, 2023 with a Class Period from February 9, 2021 to May 29, 2023. Our investigation concerns whether the board of directors of Comerica have breached their fiduciary duties to the company. Accord.

COMERICA ALERT: Bragar Eagel & Squire, P.C. is Investigating Comerica Incorporated on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Investors may consider attractive dividend-yielding stocks like Comerica (CMA) for their portfolios amid the current economic uncertainties.

Should You Retain Comerica (CMA) for Its 6.49% Dividend Yield?

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DALLAS , Nov. 21, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2023 US Financial Services Conference on Tuesday, Dec. 5, 2023. Comerica Incorporated also provided details for its fourth quarter 2023 earnings call on Friday, Jan. 19, 2024.

Comerica to Participate in Goldman Sachs 2023 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2023 Earnings

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MINNEAPOLIS & DALLAS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) and Comerica, Inc. (NYSE: CMA) today announced that Ameriprise Financial Services, LLC and Comerica (through certain affiliates) have closed the arrangement in which Ameriprise has become Comerica's new investment program provider. As such, Comerica has transitioned support of specific insurance, brokerage, and investment advisory activities to the Ameriprise Financial Institutions Group (AFIG). The new name represent.

Parties Close Arrangement for Ameriprise to Become Comerica's New Investment Program Provider

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Jay Oberg to Retire in 2024 DALLAS , Nov. 9, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Brian Goldman has been named Senior Executive Vice President and Chief Risk Officer, effective Dec. 4, 2023. Goldman will succeed Jay Oberg , Senior Executive Vice President and Chief Risk Officer, who is expected to retire in December 2024, following more than 32 years with Comerica.

Comerica Incorporated Names Brian Goldman Chief Risk Officer

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Comerica Incorporated (CMA) Q3 2023 Earnings Call Transcript

Comerica (NYSE:CMA) reported third quarter earnings and revenue that topped Wall Street estimates, despite its profits decreasing almost 30% year-over-year. The Dallas, Texas-based financial services company posted a decrease in profits from $351 million in the year-ago quarter to $251 million.

Comerica 3Q profits slide on lower interest income

An increase in revenues, supported by higher fee income, aids Comerica's (CMA) Q3 earnings. However, increasing expenses and higher allowance for credit losses are headwinds.

Comerica (CMA) Gains 1.2% on Q3 Earnings & Revenues Beat

The headline numbers for Comerica Incorporated (CMA) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Comerica Incorporated (CMA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

News for Comerica Stock (CMA)