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. It 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, and Canada. 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.
IPO Year:
Exchange: NYSE
Website: comerica.com
Date | Price Target | Rating | Analyst |
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7/2/2024 | $60.00 | Mkt Perform → Outperform | Raymond James |
5/6/2024 | $56.00 | Buy → Neutral | Citigroup |
4/10/2024 | $59.00 | Hold | Deutsche Bank |
2/27/2024 | $63.00 → $56.00 | Buy → Neutral | DA Davidson |
1/29/2024 | Buy → Hold | Argus | |
1/22/2024 | Outperform → Mkt Perform | Raymond James | |
1/4/2024 | $70.50 | Neutral → Buy | Goldman |
12/12/2023 | $57.00 | Overweight → Neutral | JP Morgan |
11/3/2023 | $47.00 → $45.00 | Outperform → Neutral | Wedbush |
10/5/2023 | $57.00 → $53.00 | Strong Buy → Outperform | Raymond James |
Raymond James upgraded Comerica from Mkt Perform to Outperform and set a new price target of $60.00
Citigroup downgraded Comerica from Buy to Neutral and set a new price target of $56.00
Deutsche Bank initiated coverage of Comerica with a rating of Hold and set a new price target of $59.00
DA Davidson downgraded Comerica from Buy to Neutral and set a new price target of $56.00 from $63.00 previously
Argus downgraded Comerica from Buy to Hold
Raymond James downgraded Comerica from Outperform to Mkt Perform
Goldman upgraded Comerica from Neutral to Buy and set a new price target of $70.50
JP Morgan downgraded Comerica from Overweight to Neutral and set a new price target of $57.00
Wedbush downgraded Comerica from Outperform to Neutral and set a new price target of $45.00 from $47.00 previously
Raymond James downgraded Comerica from Strong Buy to Outperform and set a new price target of $53.00 from $57.00 previously
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Raymond James analyst Michael Rose upgrades Comerica (NYSE:CMA) from Market Perform to Outperform and announces $60 price target.
JP Morgan analyst Steven Alexopoulos maintains Comerica (NYSE:CMA) with a Neutral and lowers the price target from $62 to $57.
CrowdStrike (NASDAQ:CRWD) stock is trending as of Wednesday morning. The company announced it passed $1 billion in total sales over the course of its partnership with CDW Corporation (NASDAQ:CDW). What To Know: CrowdStrike works with CDW to provide CrowdStrike’s technology to businesses in different sectors as well as government organizations. “From our early days, CDW has led with CrowdStrike, bringing our cutting-edge technology to a multitude of organizations. We’re thrilled to achieve such significant success with our long-standing partner CDW, and we look forward to furthering our commitment to stopping breaches together,” said chief business officer at CrowdStrike Daniel Bernard.
Evercore ISI Group maintains Comerica (NYSE:CMA) with a In-Line and lowers the price target from $58 to $54.
Baird analyst David George maintains Comerica (NYSE:CMA) with a Outperform and lowers the price target from $72 to $68.
Truist Securities analyst Brandon King maintains Comerica (NYSE:CMA) with a Buy and lowers the price target from $60 to $55.
RBC Capital analyst Jon Arfstrom maintains Comerica (NYSE:CMA) with a Outperform and lowers the price target from $62 to $58.
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Comerica (NYSE:CMA) with a Market Perform and maintains $58 price target.
Stephens & Co. analyst Terry McEvoy reiterates Comerica (NYSE:CMA) with a Overweight and maintains $64 price target.
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DALLAS, May 28, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024. Comerica Incorporated also provided details for its second quarter 2024 earnings call on Friday, July 19, 2024. Interested parties may access additional information through the following details: Morgan Stanley US Financials, Payments & CRE Conference: DATE: Tuesday, June 11, 2024 TIME: 10 a.m. CT / 11 a.m. ET PARTICIPATING: James Herzog, Chief Financial Officer Peter Sefzik, Chief
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. The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable July 1, 2024, to preferred stock shareholders of record at the close of business on June 14, 2024. T
DALLAS, April 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has reported its first quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. As previously announced, Comerica will host a conference call to review the first quarter 2024 financial results. Interested parties may access the call and supplemental materials
DALLAS, Feb. 27, 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 April 1, 2024, to common stock shareholders of record at the close of business on March 15, 2024. The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable April 1, 2024, to preferred stock shareholders of record at the close of business on M
DALLAS, Feb. 26, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024. Comerica Incorporated also provided details for its first quarter 2024 earnings call on Thursday, April 18, 2024. Interested parties may access additional information through the following details: 2024 RBC Capital Markets Global Financial Institutions Conference: DATE: Wednesday, March 6, 2024 TIME: 8:20 a.m. CT / 9:20 a.m. ET PARTICIPATING: James Herzog, Chief Financial Offic
DALLAS, Jan. 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has reported its fourth quarter and full-year 2023 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. As previously announced, Comerica will host a conference call to review the fourth quarter and full-year 2023 financial results. Interested parties may access the ca
DALLAS, Nov. 21, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will participate in the Goldman Sachs 2023 US Financial Services Conference on Tuesday, Dec. 5, 2023. Comerica Incorporated also provided details for its fourth quarter 2023 earnings call on Friday, Jan. 19, 2024. Interested parties may access additional information through the following details: Goldman Sachs 2023 US Financial Services Conference: DATE: Tuesday, Dec. 5, 2023 TIME: 8:20 a.m. CT / 9:20 a.m. ET PARTICIPATING: Curt Farmer, Chairman, President & Chief Executive Officer James Herzog
DALLAS, Sept. 5, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will participate in the 2023 Barclays Global Financial Services Conference on Tuesday, Sept. 12, 2023. Comerica Incorporated also provided details for its third quarter 2023 earnings call on Friday, Oct. 20, 2023. Interested parties may access additional information through the following details: Barclays Global Financial Services Conference: DATE: Tuesday, Sept. 12, 2023 TIME: 7:15 a.m. CT / 8:15 a.m. ET PARTICIPATING: Curt Farmer, Chairman, President and Chief Executive Officer J
DALLAS, July 25, 2023 /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 Oct. 1, 2023, to common stock shareholders of record at the close of business on Sept. 15, 2023. The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable Oct. 1, 2023, to preferred stock shareholders of record at the close of business on Sept. 15, 2023. Comerica Incorporated (NYSE:CMA) is a financial services company headquartered in Dallas, Texas, and str
DALLAS, July 21, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has reported its second quarter 2023 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. As previously announced, Comerica will host a conference call to review the second quarter 2023 financial results. Interested parties may access the call and supplemental material
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
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. Kessler will lead the Business Risk and Controls Office for Commercial Bank, Marketing, Customer Experience, the Retail Bank and Wealth Management, helping drive transformation of risk and control functions across all of Comerica's revenue divisions. "Fostering a strong risk and control culture remains a priority for Come
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. Angulo M. Alan Gardner Barbara R. Smith Nancy Avila Derek J. Kerr Robert S. Taubman Roger A. Cregg Richard G. Lindner Nina G. Vaca Curtis C. Farmer Jenn
DALLAS, March 14, 2024 /PRNewswire/ -- Comerica Bank named Tim Maiden Senior Vice President, Group Manager for its Southern Dallas Business Banking Team. He will report to Corey Bailey, Executive Vice President, Executive Director, Middle Market & Business Banking. Maiden will lead a team of commercial bankers that deliver tailored solutions to middle-market and business banking clients across various industries. He will serve the southern sector of Dallas by cultivating key local relationships, finding access to capital solutions for underserved entrepreneurs and offering cus
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Comerica Incorporated (NYSE:CMA) investors that a lawsuit filed on behalf of investors that purchased Comerica securities between February 9, 2021 and May 29, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims
DETROIT, May 11, 2023 /PRNewswire/ -- Comerica Bank has appointed Kevin Watkins as its National African American Business Development Manager, supporting Comerica's steadfast commitment to develop and grow relationships with African American business leaders, entrepreneurs, and communities across all markets. These responsibilities are an extension of Watkins' current role as Vice President, Southeast Michigan External Affairs Market Manager. As National African American Business Development Manager, Watkins will collaborate with Comerica's African American Business Resource G
DALLAS, April 25, 2023 /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, 2023, to shareholders of record at the close of business on June 15, 2023. The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable July 1, 2023, to preferred stock shareholders of record at the close of business on June 15, 2023. E
Comerica also to launch new digital solutions for small business customers DALLAS, March 14, 2023 /PRNewswire/ -- Comerica Bank is bolstering its Small Business Banking segment with the appointment of three regional directors – Sandra Felegy, Brent Harraman and Meghan Storey – to expand its reach in small business communities. Additionally, Comerica will debut several digital solutions throughout 2023 with a focus on payments and access to convenient capital. The Small Business Regional Directors are responsible for the overall leadership and success of all small business ban
DALLAS, Aug. 1, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will align all payments-related operations into one division directed by Allysun Fleming who will serve as the new Executive Vice President, Payments. Fleming will report to Peter Sefzik, Executive Vice President, Commercial Bank. "Our vision is to grow and optimize Comerica in ways that deepen the value we provide our commercial, wealth and retail customers," said Sefzik. "With the addition of Allysun's leadership and expertise, along with the investments we continue to make in our payments bus
DALLAS, June 6, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced the appointment of James Johnson as Senior Vice President, Director, Retail Risk Management & Operations and Theresa Bazan as Senior Vice President, Director, Sales Enablement. Both will report to Cassandra McKinney, Executive Vice President, Executive Director, Retail Bank. "We are thrilled to add James and Theresa to our Retail leadership team," said McKinney. "The retail banking landscape continues to evolve, and through their leadership and expertise we can further enhance the deep alignment of
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
DALLAS, May 28, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) announced it will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024. Comerica Incorporated also provided details for its second quarter 2024 earnings call on Friday, July 19, 2024. Interested parties may access additional information through the following details: Morgan Stanley US Financials, Payments & CRE Conference: DATE: Tuesday, June 11, 2024 TIME: 10 a.m. CT / 11 a.m. ET PARTICIPATING: James Herzog, Chief Financial Officer Peter Sefzik, Chief
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. For more than a decade, The Civic 50 has served as the standard for corporate citizenship and showcases how leading companies are moving social impact and commun
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. ET FIRST QUARTER 2025: Friday, April 18, 2025 7 a.m. CT/ 8 a.m. ET SECOND QUARTER 2025: Friday, July 18, 2025 7 a.m. CT/ 8 a.m. ET THIRD QUARTER 2025: Friday, Oct. 17, 2025 7 a.m. CT/ 8 a.m. ET Additional information for these calls
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. Kessler will lead the Business Risk and Controls Office for Commercial Bank, Marketing, Customer Experience, the Retail Bank and Wealth Management, helping drive transformation of risk and control functions across all of Comerica's revenue divisions. "Fostering a strong risk and control culture remains a priority for Come
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. Comerica also will serve as a World Series of Innovation Challenge sponsor, which introduces young peop
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. Angulo M. Alan Gardner Barbara R. Smith Nancy Avila Derek J. Kerr Robert S. Taubman Roger A. Cregg Richard G. Lindner Nina G. Vaca Curtis C. Farmer Jenn
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. The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable July 1, 2024, to preferred stock shareholders of record at the close of business on June 14, 2024. T
DALLAS, April 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has reported its first quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. As previously announced, Comerica will host a conference call to review the first quarter 2024 financial results. Interested parties may access the call and supplemental materials
DALLAS, March 21, 2024 /PRNewswire/ -- Comerica Bank has earned a 2024 Top Workplaces USA award issued by Energage and published by USA Today. The Top Workplaces award has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. Top Workplaces USA celebrates organizations with 150 or more employees that have established a strong work culture. Over 42,000 organizations were invited to participate in the Top Workplaces USA survey. Honorees were chosen based solely on employee feedbac