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 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.

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

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, both dates inclusive (the “Class Period”), of the important October 20, 2023 lead plaintiff deadline in the securities class action commenced by the Firm. SO WHAT: If you purchased Comerica securities during the Class Period you may be entitled to compensation without payment of any out of pocket f.

CMA DEADLINE TODAY: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important October 20 Deadline in Securities Class Action Commenced by the Firm – CMA

The regional bank posted third-quarter earnings of $1.84 a share, while Wall Street was expecting $1.69.

Comerica Profit Tumbles But Earnings Beat Expectations

Comerica Inc.'s CMA, -1.28% stock rose 1.2% in premarket trading on Friday after the bank said its third-quarter net income fell by 28% to $251 million, or $1.84 a share, from $351 million, or $260 a share in the year-ago quarter. The bank was expected to earn $1.69 a share, according to the FactSet consensus estimate.

Comerica profit drops by 28% but beats Wall Street estimate

DALLAS , Oct. 20, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its third quarter 2023 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Third Quarter 2023 Earnings Results

LOS ANGELES, CA / ACCESSWIRE / October 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Comerica Incorporated ("Comerica" or "the Company") (NYSE:CMA) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 9, 2021 and May 29, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 20, 2023.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Comerica Incorporated with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 20, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On May 29, 2023, American Banker reported that it had obtai.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Comerica Incorporated (CMA)

CMA DEADLINE TOMORROW: ROSEN, THE FIRST FILING FIRM, Encourages Comerica Incorporated Investors to Secure Counsel Before Important October 20 Deadline in Securities Class Action Commenced by the Firm – CMA

BENSALEM, Pa. , Oct. 19, 2023 /PRNewswire/ -- Law Offices of Howard G.

CMA Investors Have Opportunity to Lead Comerica Incorporated Securities Fraud Lawsuit

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Comerica Incorporated ("Comerica" or the "Company") (NYSE: CMA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Comerica investors who were adversely affected by alleged securities fraud between February 9, 2021 and May 29, 2023.

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Comerica Incorporated(CMA) Investors of a Class Action Lawsuit and Upcoming Deadline

A weaker lending environment and high funding costs are likely to have affected Comerica's (CMA) NII. A fall in fee income is also expected to hurt its Q3 Earnings.

Will Lower NII & Fee Income Hurt Comerica's (CMA) Q3 Earnings?

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