Comerica Incorporated
(CMA)
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54.83 USD +0.28
Closed: 17 May, 3:55 pm
Symbol CMA
Market Cap 7.2B
Price 54.83
Open 54.79
52-wk High 57.39
50 Day Avg 52.32
Earnings Announcement 2024-07-19
Website https://www.comerica.com
Name Comerica Incorporated
Shares Outstanding 132,586,999
Change % 0.5871%
Low 54.48
52-wk Low 34.88
200 Day Avg 48.88
Last Dividend 2.84
Exchange NYSE
Volume 1,016,175
Previous Close 54.51
High 55.00
EPS 5.03
PE 10.90
Avg Volume 1,945,603
CUSIP 200340107
Comerica Incorporated Outlook
Description Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. 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 for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
Currency USD
ISIN US2003401070
Industry Banks - Regional
Changes 0.32
CUSIP 200340107
Range 34.88 - 57.39
Beta 1.29
CIK 0000028412

Comerica Incorporated News

17-May-2024 7:15 AM

UK's CMA says Microsoft-Mistral AI tie-up does not call for probe

Britain's competition watchdog said on Friday the partnership between Microsoft and Mistral AI did not qualify for an investigation.

14-May-2024 6:45 PM

Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Ninth Consecutive Year

DALLAS, May 14, 2024 /PRNewswire/ -- The Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change, has named Comerica Bank to its 2024 list of The Civic 50. It marks the ninth consecutive year and 10th time overall that Comerica has received the honor in the program's 12-year history of recognizing top community-minded companies in the United States according to its annual survey.

10-May-2024 2:15 PM

Comerica Announces Earnings Release Dates for 2025

DALLAS , May 10, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced its plans to release 2025 quarterly financial results and host conference calls on the following dates: FOURTH QUARTER 2024: Wednesday, Jan. 22, 2025                  7 a.m. CT/ 8 a.m.

10-May-2024 8:05 AM

G.L.A.M. Body Scrubs Wins $100,000 Comerica Hatch Detroit Contest by TechTown

12th annual Hatch Off brings organic skincare business to Detroit DETROIT , May 10, 2024 /PRNewswire/ -- The winner of the 2024 Comerica Hatch Detroit Contest by TechTown has been crowned! G.L.A.M. Body Scrubs is the winner of the 12th annual Comerica Hatch Detroit Contest, taking home the $100,000 grand prize from Comerica Bank to open the brick-and-mortar business of their dreams.

10-May-2024 7:21 AM

UK's CMA kicks off probe into Thermo Fisher-Olink deal

Britain's competition regulator said on Friday it has initiated a probe into U.S. medical equipment maker Thermo Fisher Scientific's $3.1 billion deal to buy Swedish biotech firm Olink Holding AB.

01-May-2024 10:18 AM

Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer

DALLAS , May 1, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.

30-Apr-2024 5:24 PM

Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership

DALLAS , April 30, 2024 /PRNewswire/ -- Comerica Bank announced today it is expanding its regional partnership with the Network for Teaching Entrepreneurship (NFTE) to multiple markets within its geographical footprint. This $100,000 investment will provide entrepreneurship education programming to more than 25,000 middle and high school students in under-resourced communities who participate in NFTE's Aspiring Entrepreneurs Program in California, Florida, Michigan and Texas.

23-Apr-2024 4:20 PM

Comerica Announces Results from Annual Shareholders' Meeting

DALLAS , April 23, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of four proposals at today's annual meeting of shareholders. Comerica Incorporated shareholders elected the following directors to the Board of Directors for one-year terms: Arthur G.

22-Apr-2024 6:18 PM

Comerica Declares Common and Preferred Stock Dividends

DALLAS , April 22, 2024 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable July 1, 2024, to shareholders of record at the close of business on June 14, 2024.

19-Apr-2024 4:53 PM

Banks are well positioned for CRE concerns, says Baird's David George

David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.

18-Apr-2024 1:36 PM

Comerica (CMA) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

Comerica's (CMA) Q1 results reflect an improvement in its capital ratios. However, challenges emerge with lower net interest income and loan balances, along with higher expenses.