Last $46.03 USD
Change Today -0.34 / -0.73%
Volume 3.5M
CMA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

comerica inc (CMA) Snapshot

Open
$46.35
Previous Close
$46.37
Day High
$47.12
Day Low
$45.93
52 Week High
03/21/14 - $53.50
52 Week Low
10/17/14 - $42.73
Market Cap
8.3B
Average Volume 10 Days
2.8M
EPS TTM
$3.07
Shares Outstanding
179.7M
EX-Date
12/11/14
P/E TM
15.0x
Dividend
$0.80
Dividend Yield
1.72%
Current Stock Chart for COMERICA INC (CMA)

comerica inc (CMA) Related Businessweek News

View More BusinessWeek News

comerica inc (CMA) Details

Comerica Incorporated, through its subsidiaries, provides financial products and services. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The Business 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 to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services consisting of consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products comprising deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services, including fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates branches in Texas, Arizona, California, Florida, and Michigan in the United States, as well as in Canada and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

8,564 Employees
Last Reported Date: 02/14/14
Founded in 1849

comerica inc (CMA) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Vice Chairman, Chief Financial Officer, Membe...
Total Annual Compensation: $606.0K
Vice Chairman, Member of Management Policy Co...
Total Annual Compensation: $631.0K
Vice Chairman of The Retail Bank & Wealth Man...
Total Annual Compensation: $611.0K
Executive Vice President and Member of Manage...
Total Annual Compensation: $581.7K
Compensation as of Fiscal Year 2013.

comerica inc (CMA) Key Developments

Comerica Incorporated Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-09-2014 11:30 AM

Comerica Incorporated Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-09-2014 11:30 AM. Venue: Conrad Hotel, 102 North End Avenue, New York, NY 10282, United States. Speakers: Darlene P. Persons, Senior Vice President and Director of Investor Relations, J. Patrick Faubion, Executive Vice President, Member of Management Policy Committee and President of Comerica Bank-Texas Market, Karen L. Parkhill, Vice Chairman, Chief Financial Officer, Member of Management Policy Committee, Vice Chairman of Comerica Bank and Chief Financial Officer of Comerica Bank, Ralph W. Babb, Chairman, Chief Executive Officer, President, Chairman of Capital Committee, Chairman of Special Preferred Stock Committee, Member of Management Policy Committee, Chairman of Comerica Bank, Chief Executive Officer of Comerica Bank and President of Comerica Bank.

Comerica Declares Quarterly Dividend, Payable January 1, 2015

The Board of Directors of Comerica Incorporated declared a quarterly cash dividend for common stock of 20 cents ($0.20) per share. The dividend is payable January 1, 2015, to common stock shareholders of record December 15, 2014.

Comerica Incorporated Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Fourth Quarter and Full Year of 2014

Comerica Incorporated announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to common shares of $152 million or $0.82 per diluted share, income before income taxes of $227 million, net interest income of $414 million, total interest income of $436 million compared to net income attributable to common shares of $145 million or $0.78 per diluted share, income before income taxes of $215 million, net interest income of $412 million, total interest income of $439 million for the same period a year ago. Return on average common shareholders' equity was 8.29% compared to 8.50% at the same period a year ago. Return on average assets was 0.93% compared to 0.92% at the same period a year ago. Net income increased $7 million, or 4%, primarily reflecting decreases in noninterest expenses, reflecting lower pension expense, and the provision for credit losses, partially offset by a decrease in noninterest income. Net interest income decreased primarily reflecting a $7 million decline in accretion of the purchase discount on the acquired loan portfolio partially offset by the benefit from an increase in loan volume. For the nine months, the company reported net income attributable to common shares of $438 million or $2.35 per diluted share, income before income taxes of $651 million, net interest income of $1,240 million, total interest income of $1,311 million compared to net income attributable to common shares of $418 million or $2.23 per diluted share, income before income taxes of $619 million, net interest income of $1,242 million, total interest income of $1,328 million a year ago. Return on average common shareholders' equity was 8.08% compared to 8.14% at the same period a year ago. Return on average assets was 0.91% compared to 0.89% at the same period a year ago. For the full year of 2014, the company’s net interest income - previous outlook for purchase accounting accretion was $25 million to $30 million and now accretion is expected to be at the upper end of the range, or about $30 million. For fourth quarter 2014, the company expects slight growth in net interest income, reflecting fourth quarter purchase accounting accretion of about $5 million. Loan growth approximately offsets continued pressure from low rate environment.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CMA:US $46.03 USD -0.34

CMA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Republic Bank/CA $52.15 USD +0.23
Huntington Bancshares Inc/OH $10.33 USD -0.135
Signature Bank/New York NY $123.66 USD +0.07
SVB Financial Group $115.03 USD -0.63
Zions Bancorporation $28.39 USD +0.19
View Industry Companies
 

Industry Analysis

CMA

Industry Average

Valuation CMA Industry Range
Price/Earnings 15.5x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 14.7x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact COMERICA INC, please visit www.comerica.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.