Last $50.61 USD
Change Today +0.27 / 0.54%
Volume 831.0K
CMA On Other Exchanges
Symbol
Exchange
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As of 3:03 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

comerica inc (CMA) Snapshot

Open
$50.49
Previous Close
$50.34
Day High
$51.10
Day Low
$50.46
52 Week High
03/21/14 - $53.50
52 Week Low
09/30/13 - $38.56
Market Cap
9.2B
Average Volume 10 Days
728.2K
EPS TTM
$3.14
Shares Outstanding
180.8M
EX-Date
09/11/14
P/E TM
16.1x
Dividend
$0.80
Dividend Yield
1.44%
Current Stock Chart for COMERICA INC (CMA)

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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.

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

John M. Killian to Retire in May 2015 as Chief Credit Officer of Comerica

Comerica Incorporated announced that John M. Killian, Chief Credit Officer, will retire in May 2015 following a 40-year career with the bank. Peter W. Guilfoile, Executive Vice President and National Credit Administration Manager, will serve as the new Chief Credit Officer effective Feb.1, 2015, and will become a member of Comerica's Management Policy Committee at that time. He will report to Ralph W. Babb Jr., Comerica Chairman and Chief Executive Officer.

Comerica Directors Declares Quarterly Dividend Payable October 1, 2014

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 October 1, 2014, to common stock shareholders of record September 15, 2014.

Comerica Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2014

Comerica Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $416 million against $414 million a year ago. Net income attributable to common shares was $149 million or $0.80 diluted per share against $141 million or $0.76 diluted per share a year ago. Return on average common shareholders equity was 8.27% against 8.23% a year ago. Return on average assets was 0.93% against 0.90% a year ago. Net income increased $8 million, or 5%, primarily reflecting a reduction in pension expense, largely due to changes in actuarial assumptions. Total interest income was $441 million against $443 million a year ago. Income before income taxes was $221 million against $207 million a year ago. For the six months, the company reported net interest income of $826 million against $830 million a year ago. Net income attributable to common shares was $286 million or $1.54 diluted per share against $273 million or $1.46 diluted per share a year ago. Comprehensive income was $377 million against $152 million a year ago. Return on average common shareholders' equity was 7.97% against 7.95% a year ago. Return on average assets was 0.90% against 0.87% a year ago. Total interest income was $876 million against $889 million a year ago. Income before income taxes was $424 million against $404 million a year ago. For the quarter, the company reported net loan charge-offs of $9 million against $17 million a year ago. For 2014, the company expects net interest income modestly lower, reflecting a decline in purchase accounting accretion, to $25 million to $30 million, and the effect of continued pressure from the low-rate environment, approximately offset by loan growth. Then company expects Income tax expense to approximate 32% of pre-tax income.

 

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