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Comerica Incorporated  (CMA)
Other Ticker:  
 
    Sector • Financial    Industry • Commercial Banks
   Industry • Commercial Banks
   Sector • Financial


 

Comerica Incorporated

CMA's Financial Statements and Analysis



Comerica Incorporated reported in the third quarter of 2024 net earnings per share of $1.33 a decrease by -27.72 % year on year from $1.84 and decline of -10.74 % from $1.49 earned in II. Quarter (Jun 30 2024).


third quarter of 2024
Earnings Per Share Revenues
$ 1.33 $  797 Mill
$-0.51     -27.72 % $-85M     -9.64 %



Comerica Incorporated's Revenue fell by -9.64 % in third quarter of 2024 (Sep 30 2024) year on year, to $797 million and declined by -3.28 % sequentially.


Comerica Incorporated is

More on CMA's Income Statement



Comerica Incorporated 's net income of $184.000 million in the third quarter of 2024 decreased by -26.69 % from net earnings of $251.000 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -10.68 % from net income of $206.000 million realized in previous quarter.

More on CMA's Growth

Comerica Incorporated Inventories
CMA's Cash flow In the third quarter of 2024 company's net cash flow was $1,581 million


Comerica Incorporated payed out dividend of $2.84 per share in last 52 weeks representing 71.00 % of net earning per share in trailing twelve-month period.

During the same period Comerica Incorporated earned $ 15.61 cash per share, on a free-cash flow basis 390.17 % of net earning per share.

Book value grew by 20.59 % sequentially to $55.35 per share, 446.14% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 52.39 per share from $ 42.96.

Company repurchased 1.15 million shares or 0.85 % in Sep 30 2024.
Interest Coverage Ratio was 1.4. Debt Coverage Ratio was 0.33.

• More on CMA's Dividends

 Market Capitalization (Millions) 9,454
 Shares Outstanding (Millions) 133
 Total Debt (Millions $) 6,786
 Revenue (TTM) (Millions $) 3,161
 Net Income (TTM) (Millions $) 561
 Cash Flow (TTM) (Millions $) -1,719
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 2.84 $
 Dividend Yield TTM (%) 4 %
 Employees (TTM) $ 7,496




Comerica Incorporated payed out dividend of $2.84 per share in the last 52 weeks representing 71.00 % of net earning per share in trailing twelve-month period.

During the same period Comerica Incorporated had $ 15.61 cash flow per share, on a free-cash flow basis 390.17 % of net earning per share.

Book value grew by 20.59 % sequentially to $55.35 per share, 446.14% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 52.39 per share from $ 42.96.

Company repurchased 1.15 million shares or 0.85 % in Sep 30 2024.
Interest Coverage Ratio was 1.4. Debt Coverage Ratio was 0.33.

• More on CMA's Balance Sheets

 Market Capitalization (Millions) 9,454
 Shares Outstanding (Millions) 133
 Total Debt (Millions $) 6,786
 Revenue (TTM) (Millions $) 3,161
 Net Income (TTM) (Millions $) 561
 Cash Flow (TTM) (Millions $) -1,719
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 2.84 $
 Dividend Yield TTM (%) 4 %
 Employees (TTM) $ 7,496
   


  News about Comerica Incorporated Earnings

Comerica Incorporated Disappoints Investors with Drastic Revenue Contraction in Q1 2024

Investors may want to proceed with caution when considering investing in Comerica Incorporated, as the company recently disclosed soft top and bottom-line results for the first quarter of 2024. The company reported a significant decrease in both income per share and revenue compared to the same period last year.
Revenue for the first quarter of 2024 was $770.00 million, down 19.792% from $960.00 million in the first quarter of 2023. Income per share also plummeted by 59% from $2.39 to $0.98 in the same span. Despite a slight improvement from the previous three months, with earnings per share advancing by 384.69%, bottom-line profits fell by 57.41% from the corresponding period a year ago.
Comerica I...

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 im...

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 conc...

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. Desp...

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 report...


Date modified: 2024-10-29T03:12:51+00:00





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