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 Q1 2022

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Earnings data Q3 2024

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 , Feb. 23, 2023 /PRNewswire/ -- The Comerica California Economic Activity Index fell 3.7% annualized in the three months through November, but was still up 5.0% from a year earlier. Only three of the nine components that constitute the Index rose in November, while five declined and one was unchanged.

Comerica Bank's California Index Down Sharply Again in November

DALLAS , Feb. 23, 2023 /PRNewswire/ -- The Comerica Texas Economic Activity Index rose at a 3.0% annualized rate in the three months through November and was up 5.9% from a year-ago. Four of the index's nine components rose in November.

Comerica Bank's Texas Index Rose in November

DALLAS , Feb. 23, 2023 /PRNewswire/ -- The Comerica Michigan Economic Activity Index fell 4.3% annualized in the three months through November, but was still up a solid 2.9% from a year-ago. Only three of the index's nine components increased in November.

Comerica Bank's Michigan Index Fell Through November

DALLAS , Feb. 23, 2023 /PRNewswire/ -- Comerica Bank announced it has received 17 2022 Greenwich Excellence and Greenwich Best Brand Awards for Middle Market and Small Business Banking. Greenwich Associates is a leading provider of global market intelligence and advisory services to the financial services industry.

Greenwich Awards Recognize Comerica Bank for Excellence in Middle Market and Small Business Banking

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DALLAS , Feb. 6, 2023 /PRNewswire/ -- Comerica Bank has named Fredy Salguero Southern California External Affairs Market Manager. Salguero's role includes strengthening Comerica's initiatives of assisting local communities and developing relationships in Southern California with community partners, nonprofits and businesses.

Comerica Names Fredy Salguero Vice President, Southern California External Affairs Manager

DETROIT, Feb. 3, 2023 /PRNewswire/ -- Comerica Bank has named Kevin Watkins Vice President, Southeast Michigan External Affairs Market Manager. In his role, Watkins will support Comerica Bank's community commitment and engagements as he manages and coordinates community reinvestment and external affairs outreach throughout southeast Michigan.

Comerica Names Kevin Watkins Vice President, Southeast Michigan External Affairs Manager

DALLAS , Feb. 1, 2023 /PRNewswire/ -- Comerica Securities, a subsidiary of Comerica Bank, has formed a new Investment Banking Group. This new team broadens the capital markets solutions and services Comerica offers its commercial and wealth management customers to include mergers and acquisitions, as well as private placement advisory services.

Comerica Bank Announces Details on New Investment Banking Group

DALLAS , Jan. 31, 2023 /PRNewswire/ -- The Comerica California Economic Activity Index declined 4.9% annualized in the three months through October. The Index has turned lower after robust increases in the first half of the year, but was still up 5.7% from a year-ago in October.

Comerica Bank's California Index Declined Sharply in October

DALLAS , Jan. 31, 2023 /PRNewswire/ -- The Comerica Michigan Economic Activity Index fell 2.9% annualized in the three months through October. The Index was up a solid 3.6% from the same month of last year.

Comerica Bank's Michigan Index Declined Through October

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Comerica Bank has launched a co-op to help its small business clients expand and prosper. “The backbone of our economy, small businesses account for 99.9% of all U.S. and 99.8% of all Texas businesses,” the Dallas-based bank said in a news release Thursday (Jan. 26).

Comerica Bank Debuts Co-Op for Small Businesses

Comerica's new SmallBizCo-Op program will provide North Texas small business customers access to elevated experiences and unique benefits DALLAS, Jan. 26, 2023 /PRNewswire/ -- Comerica Bank is expanding its support for small businesses in a big way by providing North Texas customers with a set of unique new product and service offerings designed to help them grow and thrive. Through its new Comerica SmallBizCo-Op™ concept, Comerica will share its assets and resources with small business customers in the region to help them achieve their goals.

Comerica Bank Launches Innovative New Programs to Support Local Small Businesses

Peter Sefzik , Senior Executive Vice President, Chief Banking Officer; Megan Crespi , Senior Executive Vice President, Chief Operating Officer; and Megan Burkhart , Senior Executive Vice President, Chief Administrative Officer DALLAS , Jan. 25, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced today that, effective Jan. 27, 2023, it is promoting three executive leaders to newly established positions: Peter Sefzik , Executive Vice President (EVP), Executive Director, Commercial Bank, will assume the role of Senior EVP, Chief Banking Officer; Megan Crespi , EVP, Chief Enterprise Technology and Operations Services Officer, will assume the role of Senior EVP, Chief Operating Officer; and Megan Burkhart , EVP, Chief Human Resources Officer, will assume the role of Senior EVP, Chief Administrative Officer. Sefzik, Crespi and Burkhart will continue to report to Comerica Chairman and CEO Curt Farmer.

Comerica Bank Promotes Three Executive Leaders to Newly Established Positions

Contest bolsters city's small business incubation DETROIT , Jan. 24, 2023 /PRNewswire/ -- Comerica Bank and TechTown Detroit announce the return of the Comerica Hatch Detroit Contest by TechTown, which awards $100,000 in startup funds from Comerica Bank to an entrepreneur seeking to open a brick-and-mortar space in Detroit, Hamtramck or Highland Park. The competition promotes small business economic development and will take place over the next four months, with the crowning of this year's winner in the spring.

$100,000 Comerica Hatch Detroit Contest by TechTown opens applications, seeks Detroit's next winning brick-and-mortar small business

Comerica Incorporated CMA shares are trading higher after the company reported better-than-expected fourth-quarter 2022 earnings per share results.

What's Going On With Comerica Shares Today?

Comerica (CMA) records a rise in revenues in the fourth quarter of 2022. However, higher expenses and provisions hurt the results to some extent.

Comerica (CMA) Q4 Earnings Beat, Revenues & Costs Rise Y/Y

Comerica Incorporated (NYSE:CMA ) Q4 2022 Earnings Conference Call January 19, 2023 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curtis Farmer - Chairman, President and Chief Executive Officer Jim Herzog - Chief Financial Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Manan Gosalia - Morgan Stanley Steven Alexopoulos - J.P. Morgan Jon Arfstrom - RBC Capital Markets Operator Hello, and thank you for standing by, and welcome to the Comerica Fourth Quarter 2022 Earnings Conference Call.

Comerica Incorporated (CMA) Q4 2022 Earnings Call Transcript

Comerica Incorporated (CMA) delivered earnings and revenue surprises of 0.78% and 1.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Q4 Earnings and Revenues Top Estimates

DALLAS , Jan. 19, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter 2022 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Fourth Quarter 2022 Earnings Results

DALLAS , Jan. 12, 2023 /PRNewswire/ -- Comerica Bank was named to the list of America's Most JUST Companies as recognition for its commitment to serving its workers, customers, communities, environment and shareholders. JUST Capital, along with media partner CNBC, released the 2023 Rankings of America's Most JUST Companies, including the marquee JUST 100.

Comerica Named One of America's Most JUST Companies by JUST Capital and CNBC

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.

Comerica Incorporated (CMA) Reports Next Week: Wall Street Expects Earnings Growth

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.

Why Comerica Incorporated (CMA) is Poised to Beat Earnings Estimates Again

Comerica is demonstrating strong top line growth and improved efficiency. It has strong credit quality and pays a well-covered dividend.

Comerica: A Nice Yield At A Great Price

DALLAS , Dec. 20, 2022 /PRNewswire/ -- Comerica Bank earned a pair of high-profile recognitions from Newsweek as the publication named the bank to its 2023 list of America's Most Responsible Companies and America's Greatest Workplaces for Diversity. Comerica's ranking of 41st on the list of America's Most Responsible Companies is the highest among banks and the fourth highest among financial institutions.

News for Comerica Stock (CMA)