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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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.

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.

Comerica Recognized by Newsweek for Commitment to Corporate Responsibility and Diversity

DALLAS , Dec. 19, 2022 /PRNewswire/ -- Comerica Bank has named LaToya Rowell its National Community Affairs Manager, reporting to Chief Community Officer Irvin Ashford, Jr.  In her new role, Rowell will oversee Comerica's national volunteer program and continue to manage community initiatives and partnerships across the bank's footprint in partnership with the external affairs market team and social impact manager.  "LaToya's contributions to Comerica are invaluable," Ashford said.

Comerica Bank Promotes LaToya Rowell to National Community Affairs Manager

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As investors continue grappling with increased interest rate hikes, four bank stocks in Bridgewater Associates' third-quarter 13F equity portfolio with high business predictability that are trading near 52-week lows are Comerica Inc. ( CMA , Financial), Capital One Financial Group ( COF , Financial), East West Bancorp Inc. ( EWBC , Financial) and Signature Bank ( SBNY , Financial), according to current portfolio statistics, a Premium feature of GuruFocus.

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DALLAS , Dec. 13, 2022 /PRNewswire/ -- The Comerica California Economic Activity Index declined at a 5.8% annualized rate in the three months through September. The Index has slowed from the robust increases in the first half of the year.

Comerica Bank's California Index Declines Sharply in September

DALLAS , Dec. 13, 2022 /PRNewswire/ -- The Comerica Texas Economic Activity Index declined at a 0.6% annualized rate in the three months through September. The index has slowed sharply after robust increases in the first half of the year.

Comerica Bank's Texas Index Declined in September

DALLAS , Dec. 13, 2022 /PRNewswire/ -- The Comerica Michigan Economic Activity Index fell at a 3.9% annualized pace in the three months through September. Seven of the Index's nine components were down over the period.

Comerica Bank's Michigan Index Declined Through September

BusinessHQ will empower Comerica's community partners to deliver critical services to  small businesses in high need, high opportunity areas. DALLAS, Dec. 8, 2022 /PRNewswire/ -- Comerica Bank today revealed plans for Comerica BusinessHQ, a collaborative space that will provide integral services and value to small businesses in the Southern sector of Dallas.

Comerica Bank Creates Collaborative Community Space to Support Small Businesses in Dallas' Southern Sector

DALLAS , Dec. 5, 2022 /PRNewswire/ -- Demonstrating its commitment to driving growth through strategic investments, Comerica Bank announced the expansion of its new Southeast Market with the recent addition of offices in two states new to its regional footprint – South Carolina and Georgia. Expansion across the Southeast has remained a focus for Comerica since it revealed the creation of its Southeast Market in August 2021.

Comerica Bank Expands Southeast Market Presence Into South Carolina, Georgia

In Support of Pure Heart Foundation, Detroit Lions to match up to $100,000 in donations; Comerica to contribute first $10,000 DETROIT , Nov. 22, 2022 /PRNewswire/ -- The Detroit Lions and Comerica Bank announced today a new community collaboration as part of the annual My Cause My Cleats campaign, encouraging the community to "Double the Impact" by donating to the Pure Heart Foundation, which provides children of incarcerated parents the opportunity to reimagine their lives and break the cycle of generational involvement in the criminal justice system.  The community can support the My Cause My Cleats endeavor by making a donation to the Pure Heart Foundation via its website at https://www.pureheartfoundation.org/doubleourimpact.

Detroit Lions, Comerica Bank Launch "Double the Impact" for My Cause My Cleats Campaign

Comerica Incorporated (NYSE: CMA) ended in the green on Monday after a Raymond James analyst said the regional lender looks well-positioned for a recession. Comerica stock has upside to $85 a share Michael Rose now rates this Dallas-headquartered financial services firm at “outperform”.

Is Comerica stock insulated against a Fed pivot?

Comerica Incorporated (CMA) reported earnings 30 days ago. What's next for the stock?

Why Is Comerica Incorporated (CMA) Up 8.3% Since Last Earnings Report?

DALLAS , Nov. 15, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the Goldman Sachs 2022 US Financial Services Conference on Tuesday, Dec. 6, 2022. Comerica Incorporated also provided details for its fourth quarter 2022 earnings call on Thursday, Jan. 19, 2023.

Comerica to Participate in Goldman Sachs 2022 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2022 Earnings

DALLAS , Nov. 10, 2022 /PRNewswire/ -- Comerica Bank has named Andrew Raines its Senior Vice President, Retail Regional Director for the North Texas, Arizona and Florida Region. He will report to Rhonda Davenport Johnson, the National Director of the Retail Bank.

Comerica Bank Selects Andrew Raines to Lead Retail Bank Operations in North Texas, Arizona and Florida

DALLAS , Nov. 9, 2022 /PRNewswire/ -- The Comerica California Economic Activity Index declined at a 2.8% annualized rate in the three months through August. The Index has slowed from the robust increases in the first half of the year.

Comerica Bank's California Index Lower in August

DALLAS , Nov. 9, 2022 /PRNewswire/ -- The Comerica Texas Economic Activity Index rose at a 1.5% annualized rate in the three months through August. The index has slowed sharply after robust increases earlier in the year.

Comerica Bank's Texas Index Grew Slower in August

DALLAS , Nov. 9, 2022 /PRNewswire/ -- The Comerica Michigan Economic Activity Index rose at a 2.2% annualized pace in the three months through August. The Index has slowed in the past two months, after posting stronger gains in the first half of the year.

Comerica Bank's Michigan Index Rose Through August

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Watsco

There are 19 stocks on my high yield watchlist for November 2022. All of the stocks on my watchlist are undervalued based on dividend yield theory.

High Yield Stock Watchlist - November 2022

Comerica is fundamentally undervalued and technically oversold, a good combo for outperformance - and a possible third attempt at clearing the $100 hurdle.

News for Comerica Stock (CMA)