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Comerica Incorporated  (CMA)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $49.5900 $0.10 0.202%
Day's High: $49.49 Week Perf: -4.14 %
Day's Low: $ 48.82 30 Day Perf: -3.5 %
Volume (M): 74 52 Wk High: $ 57.39
Volume (M$): $ 3,611 52 Wk Avg: $45.98
Open: $48.92 52 Wk Low: $28.40



 Market Capitalization (Millions $) 6,576
 Shares Outstanding (Millions) 133
 Employees 7,611
 Revenues (TTM) (Millions $) 3,503
 Net Income (TTM) (Millions $) 881
 Cash Flow (TTM) (Millions $) 3,220
 Capital Exp. (TTM) (Millions $) 0

Comerica Incorporated
Comerica Incorporated'is a financial services company, incorporated under the laws of the State of Delaware, headquartered in Detroit, Michigan.'Comerica was formed in 1973 to acquire the outstanding common stock of Comerica Bank (formerly Comerica Bank-Detroit), one of Michigan's oldest banks ('Comerica Bank').

Comerica has strategically aligned its operations into three major lines of business: the Business Bank, Small Business and Personal Financial Services, and Wealth and Institutional Management.

The Business Bank is comprised of middle market, commercial real estate, national dealer services, global finance, large corporate, leasing, financial services group and technology and life sciences lending. This line of business meets the needs of medium-size 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.

Small Business and Personal Financial Services includes small business banking (annual sales under $10'million) and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. This line of business offers a variety of consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. In addition, a full range of financial services is provided to small businesses and municipalities.

Wealth and Institutional Management is responsible for private banking, personal and institutional trust, retirement plans, and asset management (including Munder Capital Management, investment adviser to the Munder funds, and Wilson Kemp & Associates). This division also includes Comerica Securities, which offers institutional, retail and discount brokerage, and investment banking services, as well as Comerica Insurance, which is a full line insurance agency.

Comerica has positioned itself to deliver financial services in its four primary geographic markets: Michigan, California, Texas, and Florida, with operations in numerous other states, Canada and Mexico.

COMPETITION

Financial service provision is a highly competitive business. The Corporation's banking subsidiaries compete primarily with banks based in its primary areas of operations in the United States for loans, deposits and trust accounts. Through its offices in Arizona, Colorado, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Minnesota, North Carolina, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia and Washington, Comerica competes with other financial institutions for various deposits, loans and other products and services.



   Company Address: 1717 Main Street, MC 6404 Dallas 75201 TX
   Company Phone Number: 571-0486   Stock Exchange / Ticker: NYSE CMA
   


Customers Net Income grew by CMA's Customers Net Profit Margin grew to

15.34 %

12.08 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
PNC   -0.91%    
WFC        0.28% 
• View Complete Report
   



Comerica Incorporated

Comerica Incorporated's Revenue Falters Respectably in Fiscal Year Ending Dec 31, 2023



Comerica Incorporated, a reputable commercial bank, experienced a significant decline in revenue and profitability in the fiscal year ending December 31, 2023. The company's financial results for the period highlight the challenges it faced, leading to a notable negative impact on its earnings per share (EPS), operating margins, and net margin. This article aims to interpret the recently released financial numbers and speculate on their potential implications for the future of Comerica Incorporated.
Deteriorating Revenue and Profits:
Comerica Incorporated witnessed a substantial revenue reduction of -21.986% in the fiscal year ending December 31, 2023. This downturn had a severe negative impact on the company's profitability, which slumped by -92.23% compared to the previous fiscal year. The revenue decline is particularly concerning given that in the same time period, the company's net earnings fell by -90.57%.

Comerica Incorporated

Weak Orders Spark EPS Slide at Comerica Incorporated during Q3 2023

Comerica Incorporated, a leading financial services company, recently released its financial results for the time-frame ending on September 30, 2023. The company reported a drop in earnings per share (EPS) of -29.23% to $1.84 per share, primarily due to a decrease in revenue of -7.837% to $882.00 million compared to the same period last year. In the previous quarter, Comerica Incorporated achieved a revenue of $891.00 million and a bottom line of $2.01 per share.
The company's bottom-line also witnessed a decline of -28.49%, falling from $351.000 million in the corresponding period a year ago to $251.000 million in the financial time-frame ending September 30, 2023. This decline in profits may cause concern for investors and stakeholders, as it suggests a notable decrease in the company's financial performance.

Comerica Incorporated

Comerica Incorporated Witnesses Remarkable 8.791% Revenue Boost in Q2 2023 Performance!

Comerica Incorporated Shows Strong Second Quarter Financial Results, But Stock Performance Raises Concerns for Investors
(Author: )
[City, Date] - Comerica Incorporated, a leading financial services company, announced impressive financial results for the second quarter of 2023, with revenue increasing by 8.791% to $891.00 million compared to $819.00 million in the previous year's reporting season. Additionally, the company's income saw slight growth, rising by 4.69% to $2.01 per share, compared to $1.92 in the prior year.
However, these positive figures contrasted with the first quarter, as revenue deteriorated by -7.188% from $960.00 million, and profits fell by -15.9% from $2.39 per share. Despite this decline, the bottom-line showed a 4.6% increase to $273.000 million in the second quarter of 2023, compared to $261.000 million reported during the same period last year. Comerica Incorporated's net margin eased to 30.64%, while operating earnings rose by 5.64% to $356 million, reflecting the company's focus on improving sales during the quarter.

Comerica Incorporated

on the higher pace

Comerica Incorporated, a leading American financial services company, recently announced their first quarter of 2023 earnings season income. According to their financial statement, the company's income per share advanced by an impressive 74.45% to $2.39 per share in proportion to the previous year. This growth can be attributed to their growing revenue of 35.021%, which rose to an impressive $960.00 million.
Comparatively, in the previous quarter, Comerica Incorporated realized revenue of $987.00 million and $2.60 per share. Despite the dip in revenue, the company's net profits for the financial span ending March 31, 2023, increased by an impressive 71.43% from the net earnings of $189.000 million reported in the financial span ending March 31, 2022, a year ago. Such growth in revenue and profits highlights the excellent performance of the financial services leader.






 

Comerica Incorporated's Segments
 
Business Bank
 Segment     of total Revenue
Individual Bank
 Segment     of total Revenue
Investment Bank
 Segment     of total Revenue
Finance
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Comerica Incorporated's Operating Statistics Decrease / Increase
       
Interest Spread   Interest Spread Decline   
Interest Margin   Interest Margin Decline   
Nonperforming Assets Ratio   Nonperforming Assets Ratio            Decline   
Allowance for Credit Losses     
Tier1 Capital Ratio    Tier1 Capital Ratio Growth   
Total Capital Ratio    Total Capital Ratio Growth   
Leverage Ratio   Leverage Ratio  Decline   
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio    Efficiency Ratio Growth   




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