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Comerica (CMA)

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Floridaand Michigan, with select businesses operating in several other states, as well as in Canadaand Mexico.

Company profile

Ticker
CMA
Exchange
CEO
Ralph Babb
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
B&G Tax Equity Partnership, LLC • Briel Farm Solar, LLC • Cass & Co. • Comerica Assurance Ltd. • Comerica Bank (d.b.a. Comerica - Technology • Comerica Capital Advisors Incorporated • Comerica Financial Incorporated • Comerica Holdings Incorporated • Comerica Insurance Group, Inc. • Comerica Insurance Services, Inc. ...
IRS number
6021

CMA stock data

Calendar

28 Jul 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.53B 7.53B 7.53B 7.53B 7.53B 7.53B
Cash burn (monthly) 2.01B 747.33M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 3.31B 1.23B n/a n/a n/a n/a
Cash remaining 4.23B 6.3B n/a n/a n/a n/a
Runway (months of cash) 2.1 8.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Kane Jacqueline P Common Stock Gift Dispose G No No 0 4,426 0 31,522
11 Aug 22 Peter L Sefzik Common Stock Sell Dispose S No No 83.775 1,181 98.94K 32,007
11 Aug 22 Peter L Sefzik Common Stock Sell Dispose S No No 83.756 2,320 194.31K 33,188
11 Aug 22 Peter L Sefzik Common Stock Sell Dispose S No No 83.793 1,275 106.84K 35,508
11 Aug 22 Peter L Sefzik Common Stock Sell Dispose S No No 83.762 1,658 138.88K 36,783
11 Aug 22 Peter L Sefzik Common Stock Sell Dispose S No No 83.853 853 71.53K 38,441
11 Aug 22 Peter L Sefzik Common Stock Option exercise Acquire M No No 60.12 1,181 71K 39,294
11 Aug 22 Peter L Sefzik Common Stock Option exercise Acquire M No No 63.15 2,320 146.51K 38,113
11 Aug 22 Peter L Sefzik Common Stock Option exercise Acquire M No No 67.66 1,275 86.27K 35,793
11 Aug 22 Peter L Sefzik Common Stock Option exercise Acquire M No No 32.97 1,658 54.66K 34,518
13F holders Current Prev Q Change
Total holders 548 603 -9.1%
Opened positions 56 81 -30.9%
Closed positions 111 65 +70.8%
Increased positions 202 210 -3.8%
Reduced positions 187 202 -7.4%
13F shares Current Prev Q Change
Total value 8.27B 9.37B -11.8%
Total shares 106.19M 103.89M +2.2%
Total puts 318.9K 501.2K -36.4%
Total calls 395.8K 759.7K -47.9%
Total put/call ratio 0.8 0.7 +22.1%
Largest owners Shares Value Change
Vanguard 16.03M $1.18B +1.0%
BLK Blackrock 11.96M $877.39M +2.8%
STT State Street 7.39M $547.34M -4.6%
BK Bank Of New York Mellon 6.76M $496.15M +42.1%
IVZ Invesco 4.2M $308.36M -0.3%
FMR 3.99M $292.81M +7.3%
King Luther Capital Management 2.73M $200.51M -5.6%
Charles Schwab Investment Management 2.64M $193.52M +5.8%
Geode Capital Management 2.55M $186.58M +1.4%
Marshall Wace 2.11M $154.79M +338.9%
Largest transactions Shares Bought/sold Change
BK Bank Of New York Mellon 6.76M +2M +42.1%
Marshall Wace 2.11M +1.63M +338.9%
Parametric Portfolio Associates 0 -1.48M EXIT
MS Morgan Stanley 2M +1.29M +181.1%
Rockefeller Capital Management 1.27M +1.2M +1654.0%
Balyasny Asset Management 1.25M +1.02M +453.3%
Millennium Management 350.8K -885.97K -71.6%
ATAC Neuberger Berman 871.91K -830.64K -48.8%
LGEN Legal & General 0 -636.32K EXIT
140 Summer Partners 0 -551.85K EXIT

Financial report summary

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Competition
First FoundationHomeStreet
Management Discussion
  • ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • This report includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. In addition, the Corporation may make other written and oral communications from time to time that contain such statements. All statements regarding the Corporation's expected financial position, strategies and growth prospects and general economic conditions expected to exist in the future are forward-looking statements. The words, "anticipates," "believes," "contemplates," "feels," "expects," "estimates," "seeks," "strives," "plans," "intends," "outlook," "forecast," "position," "target," "mission," "assume," "achievable," "potential," "strategy," "goal," "aspiration," "opportunity," "initiative," "outcome," "continue," "remain," "maintain," "on track," "trend," "objective," "looks forward," "projects," "models," and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," "may" or similar expressions, as they relate to the Corporation or its management, are intended to identify forward-looking statements. These forward-looking statements are predicated on the beliefs and assumptions of the Corporation's management based on information known to the Corporation's management as of the date of this report and do not purport to speak as of any other date. Forward-looking statements may include descriptions of plans and objectives of the Corporation's management for future or past operations, products or services and forecasts of the Corporation's revenue, earnings or other measures of economic performance, including statements of profitability, business segments and subsidiaries as well as estimates of credit trends and global stability. Such statements reflect the view of the Corporation's management as of this date with respect to future events and are subject to risks and uncertainties. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Corporation's actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include credit risks (unfavorable developments concerning credit quality; declines or other changes in the businesses or industries of the Corporation's customers; and changes in customer behavior); market risks (changes in monetary and fiscal policies; fluctuations in interest rates and their impact on deposit pricing; and transitions away from LIBOR towards new interest rate benchmarks); liquidity risks (the Corporation's ability to maintain adequate sources of funding and liquidity; reductions in the Corporation's credit rating; and the interdependence of financial service companies); technology risks (cybersecurity risks and heightened legislative and regulatory focus on cybersecurity and data privacy); operational risks (operational, systems or infrastructure failures; reliance on other companies to provide certain key components of business infrastructure; the impact of legal and regulatory proceedings or determinations; losses due to fraud; and controls and procedures failures); compliance risks (changes in regulation or oversight, or changes in Comerica’s status with respect to existing regulations or oversight; the effects of stringent capital requirements; and the impacts of future legislative, administrative or judicial changes to tax regulations); strategic risks (damage to the Corporation's reputation; the Corporation's ability to utilize technology to efficiently and effectively develop, market and deliver new products and services; competitive product and pricing pressures among financial institutions within the Corporation's markets; the implementation of the Corporation's strategies and business initiatives; management's ability to maintain and expand customer relationships; management's ability to retain key officers and employees; and any future strategic acquisitions or divestitures); and other general risks (impacts from the COVID-19 global pandemic; changes in general economic, political or industry conditions; the effectiveness of methods of reducing risk exposures; the effects of catastrophic events; changes in accounting standards and the critical nature of the Corporation's accounting policies; and the volatility of the Corporation's stock price). The Corporation cautions that the foregoing list of factors is not all-inclusive. For discussion of factors that may cause actual results to differ from expectations, please refer to our filings with the Securities and Exchange Commission. In particular, please refer to “Item 1A. Risk Factors” beginning on page 13 of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2021. Forward-looking statements speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements to reflect facts, circumstances, assumptions or events that occur after the date the forward-looking statements are made. For any forward-looking statements made in this report or in any documents, the Corporation claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
  • In accordance with Item 303(c) of Regulation S-K, the Corporation is providing a comparison of the quarter ended June 30, 2022 against the preceding sequential quarter. The Corporation believes providing a sequential discussion of its results of operations provides more relevant information for investors and stakeholders to understand and analyze the business. For additional information related to the three months ended June 30, 2021, please refer to our Quarterly Report on Form 10-Q dated June 30, 2021, filed with the Securities and Exchange Commission on July 29, 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: accrete, acquisition, beta, China, closer, downside, expansion, fed, ledger, modernization, platform, refund, ruling, salary, shown, software, term
Removed: acquired, April, assumption, continued, detailed, distribution, gradually, low, maintained, remained, spending, sustained