Comerica Inc (N:CMA)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1717 Main Street Mc6404 Attn: Kelly Gage DALLAS TX 75201 |
| Tel: | N/A |
| Website: | https://www.comerica.com |
| IR: | See website |
| Key People | ||
| Curtis C. Farmer Chairman of the Board, President, Chief Executive Officer | J. Mcgregor Carr Executive Vice President - Wealth Management | James J. Herzog Chief Financial Officer, Senior Executive Vice President |
| Megan D. Crespi Chief Operating Officer, Senior Executive Vice President | Megan D. Burkhart Chief Human Resource Officer, Senior Executive Vice President, Chief Administrative Officer | Mauricio A. Ortiz Executive Vice President, Chief Accounting Officer |
| Bruce Mitchell Executive Vice President, Chief Information Officer | Brian S. Goldman Senior Executive Vice President, Chief Risk Officer | Corey R. Bailey Executive Vice President, Head of Middle Market and Business Banking | Wendy W. Bridges Executive Vice President - Corporate Responsibility |
| Business Overview |
| Comerica Incorporated is a financial holding company. Its Commercial Bank segment serves small and middle market 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. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities. |
| Financial Overview |
| For the three months ended 31 March 2024, Comerica Inc interest income increased 7% to $1.02B. Net interest income after loan loss provision decreased 21% to $534M. Net income applicable to common stockholders decreased 59% to $131M. Net interest income after loan loss provision reflects Commercial Bank segment decrease of 9% to $461M, Retail Bank segment decrease of 7% to $201M, Net Interest Margin, Total -% decrease of 22% to 2.8%. |
| Employees: | 7,496 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,971M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,245M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,791M as of Mar 31, 2024 |
| Net annual income (TTM): | $668.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | $14.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $2,490M as of Mar 31, 2024 |
| Shares outstanding: | 132,587,251 as of Apr 24, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.