Comerica Incorporated (CMA) |
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Price: $49.5900
$0.10
0.202%
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Day's High:
| $49.49
| Week Perf:
| -4.14 %
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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 |
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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
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Customers Net Income grew by |
CMA's Customers Net Profit Margin grew to |
15.34 % |
12.08 %
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Stock Performances by Major Competitors |
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Comerica Incorporated
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%.
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Comerica Incorporated
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.
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Comerica Incorporated
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.
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Comerica Incorporated
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.
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Per Share |
Current |
Earnings (TTM) |
6.44 $ |
Revenues (TTM) |
26.42 $
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Cash Flow (TTM) |
24.28 $ |
Cash |
141.1 $
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Book Value |
48.31 $
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Dividend (TTM) |
2.84 $ |
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Per Share |
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Earnings (TTM) |
6.44 $
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Revenues (TTM) |
26.42 $ |
Cash Flow (TTM) |
24.28 $ |
Cash |
141.1 $
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Book Value |
48.31 $ |
Dividend (TTM) |
2.84 $ |
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Business Bank |
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Segment |
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of total Revenue |
Individual Bank |
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of total Revenue |
Investment Bank |
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of total Revenue |
Finance |
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of total Revenue |
Other |
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of total Revenue |
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Comerica Incorporated's Operating Statistics
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