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


Comerica Incorporated's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CMA Effective Tax Rate (Sep 30 2024)
Q3		 (Jun 30 2024)
Q2		 (Mar 31 2024)
Q1		 (Dec 31 2023)
Q4		 (Sep 30 2023)
Q3
Y / Y Pre-Tax Income Change -28.13 % -24.44 % -59.17 % -88.34 % -28.13 %
Seq. Pre-Tax Income Change -12.64 % 61.08 % 221.15 % -84.1 % -8.15 %
Pre-Tax Income In Millions $235.00 $269.00 $167.00 $52.00 $327.00
Effective Tax Rate 21.7 % 23.42 % 17.37 % 36.54 % 23.24 %
Effective Tax Rate Total Ranking # 905 # 1152 # 523 # 1700 # 1160
Income taxes expenses / -benefit In Millions $51.00 $63.00 $29.00 $19.00 $76.00
Y / Y Income taxes expenses / -benefit Change -32.89 % -24.1 % -65.88 % -80.21 % -26.92 %
Seq. Income taxes expenses / -benefit Change -19.05 % 117.24 % 52.63 % -75 % -8.43 %

New: More CMA's historic Effective Tax Rates >>

Commenting Third Quarter 2024 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to the preceding three months to 21.7 %, below company's average Effective Tax Rate.


Looking into III. Quarter results within Commercial Banks industry 52 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 905, from total ranking in the previous quarter at 1152.
CMA's Effective Tax Rate third quarter 2024 Company Ranking
Within: No.
Commercial Banks Industry # 53
Financial Sector # 297
Overall # 904

CMA's Effective Tax Rate Statistics
High Average Low
60.38 % 26.91 % 10.61 %
(Dec 31 2017)   (Sep. 30. 2010)


Compare CMA's Effective Tax Rate • CMA Annual Effective Tax Rate • Cummulative 12 Months Effective Tax Rate


Other Effective Tax Rate Profitability Ratios
CMA's Cumulative Effective Tax Rate
Commercial Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CMA's Effective Tax Rate Profitability versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CMA's Competitors
Effective Tax Rate Profit Margin for Comerica Incorporated's Suppliers
Effective Tax Rate Profit Margin for CMA's Customers

You may also want to know
CMA's Annual Growth Rates CMA's Profitability Ratios CMA's Asset Turnover Ratio CMA's Dividend Growth
CMA's Roe CMA's Valuation Ratios CMA's Financial Strength Ratios CMA's Income taxes expenses / -benefit Growth
CMA's Roa CMA's Inventory Turnover Ratio CMA's Growth Rates CMA's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2024, within Commercial Banks Industry Effective Tax RateSep 30 2024 MRQ Income taxes expenses / -benefitSep 30 2024 MRQ Pre-Tax Income
Hanmi Financial Corporation  29.50 %$ 6.231  Millions$ 21.123  Millions
Dime Community Bancshares Inc   26.87 %$ 4.896  Millions$ 18.223  Millions
Westamerica Bancorporation  26.61 %$ 12.708  Millions$ 47.765  Millions
Sandy Spring Bancorp Inc   25.90 %$ 5.665  Millions$ 21.874  Millions
Optimumbank Holdings Inc   25.55 %$ 1.133  Millions$ 4.435  Millions
United Security Bancshares  25.43 %$ 1.306  Millions$ 5.135  Millions
Citigroup inc  25.42 %$ 1,116.000  Millions$ 4,390.000  Millions
The Bancorp Inc   25.37 %$ 17.513  Millions$ 69.030  Millions
Shore Bancshares Inc   25.24 %$ 3.777  Millions$ 14.966  Millions
First United Corporation  25.08 %$ 1.932  Millions$ 7.703  Millions
Hope Bancorp Inc   24.74 %$ 7.941  Millions$ 32.100  Millions
Wsfs Financial Corporation  24.68 %$ 21.108  Millions$ 85.517  Millions
Capital Bancorp Inc  24.58 %$ 2.827  Millions$ 11.499  Millions
Wafd Inc   24.21 %$ 19.526  Millions$ 80.666  Millions
Evans Bancorp Inc   24.17 %$ 0.938  Millions$ 3.881  Millions
Meridian Corp  24.05 %$ 1.502  Millions$ 6.245  Millions
Jpmorgan Chase and Co  24.03 %$ 4,080.000  Millions$ 16,978.000  Millions
Banc Of California Inc   23.71 %$ 2.730  Millions$ 11.514  Millions
Southern First Bancshares Inc   23.49 %$ 1.345  Millions$ 5.727  Millions
Alerus Financial Corp  23.39 %$ 1.590  Millions$ 6.797  Millions
Community Financial System Inc   23.02 %$ 13.129  Millions$ 57.030  Millions
Oceanfirst Financial Corp  22.86 %$ 7.464  Millions$ 32.650  Millions
Valley National Bancorp  22.75 %$ 28.818  Millions$ 126.674  Millions
Zions Bancorporation National Association  22.74 %$ 63.000  Millions$ 277.000  Millions
Northwest Bancshares inc   22.70 %$ 9.875  Millions$ 43.493  Millions
Wilson Bank Holding Co  22.38 %$ 3.665  Millions$ 16.376  Millions
Old National Bancorp  22.30 %$ 41.280  Millions$ 185.082  Millions
The First Bancshares Inc   22.17 %$ 5.291  Millions$ 23.862  Millions
Comerica Incorporated  21.70 %$ 51.000  Millions$ 235.000  Millions
Firstsun Capital Bancorp  21.52 %$ 6.147  Millions$ 28.569  Millions




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