Company profile

Ticker
CMA
Exchange
CEO
Curtis Chatman Farmer
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
IRS number
6021

CMA stock data

(
)

Calendar

29 Apr 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 185M 186M 190M 189M
Net income -65M 269M 292M 298M
Diluted EPS -0.46 1.85 1.96 1.94
Net profit margin -35.14% 145% 154% 158%
Net change in cash -963M 1.7B 536M 100M
Cash on hand 4.86B 5.82B 4.12B 3.58B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 749M 755M 2.18B 1.91B
Net income 1.2B 1.24B 743M 477M
Diluted EPS 7.87 7.2 4.14 2.68
Net profit margin 160% 164% 34.05% 24.99%
Net change in cash 1.26B -1.28B -1.37B 1.07B
Cash on hand 5.82B 4.56B 5.85B 7.22B

Financial data from Comerica earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Apr 20 Megan D. Cresi Common Stock Grant Aquire A No 0 1,245 0 22,680
30 Apr 20 Megan D. Cresi Employee Stock Option Common Stock Grant Aquire A No 34.86 2,415 84.19K 2,415
30 Apr 20 James Mcgregor Carr Common Stock Grant Aquire A No 0 1,200 0 5,110
30 Apr 20 James Mcgregor Carr Employee Stock Option Common Stock Grant Aquire A No 34.86 2,325 81.05K 2,325
28 Apr 20 Farmer Curtis C Common Stock Payment of exercise Dispose F No 35.2 636 22.39K 131,958
15 Apr 20 Megan D. Cresi Common Stock Grant Aquire A No 0 21,435 0 21,435
15 Apr 20 Megan D. Cresi Employee Stock Option Common Stock Grant Aquire A No 28.12 7,090 199.37K 7,090
80.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 428 534 -19.9%
Opened positions 51 92 -44.6%
Closed positions 157 65 +141.5%
Increased positions 154 147 +4.8%
Reduced positions 164 207 -20.8%
13F shares
Current Prev Q Change
Total value 43.06B 113.72B -62.1%
Total shares 111.92M 117.85M -5.0%
Total puts 1.54M 644.1K +139.4%
Total calls 2.13M 912.8K +133.8%
Total put/call ratio 0.7 0.7 +2.4%
Largest owners
Shares Value Change
Vanguard 17.82M $522.7M +0.3%
BLK BlackRock 11.93M $350.05M +3.8%
STT State Street 7.3M $219.16M -5.1%
American Century Companies 6.58M $193.14M -12.1%
IVZ Invesco 4.21M $123.56M -10.6%
FMR 3.32M $97.49M +767.7%
King Luther Capital Management 2.78M $81.55M -5.9%
BK Bank Of New York Mellon 2.46M $72.31M +35.2%
Geode Capital Management 2.37M $69.31M +3.6%
Ceredex Value Advisors 2.28M $68.3M +136.8%
Largest transactions
Shares Bought/sold Change
FMR 3.32M +2.94M +767.7%
Rockefeller Capital Management 172 -1.54M -100.0%
Norges Bank 0 -1.33M EXIT
Ceredex Value Advisors 2.28M +1.32M +136.8%
Wellington Management 0 -1.09M EXIT
Parametric Portfolio Associates 1.59M +1M +171.2%
Citadel Advisors 233.3K -942.11K -80.2%
American Century Companies 6.58M -902.91K -12.1%
JPM JPMorgan Chase & Co. 427.77K -836.11K -66.2%
Panagora Asset Management 880.95K -801.6K -47.6%

Financial report summary

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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, in particular the energy industry; 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; the effects of stringent capital requirements; and the impacts of future legislative, administrative or judicial changes to tax regulations); financial reporting risks (changes in accounting standards and the critical nature of the Corporation's accounting policies); 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 (changes in general economic, political or industry conditions; the effectiveness of methods of reducing risk exposures; the effects of catastrophic events; impacts from the COVID-19 global pandemic; 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 12 of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2019 and "Item 1A. Risk Factors" beginning on page 60 of the Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. 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.
  • The COVID-19 outbreak has affected countless people world-wide and is having a destructive impact on the global economy. While the full effects of the pandemic remain unknown, the Corporation is committed to supporting its customers, colleagues and communities during this difficult time. The Corporation is offering hardship relief assistance to customers, including the consideration of various loan payment deferral and fee waiver options, and encourages customers to reach out for assistance to support their individual circumstances. As a Small Business Administration preferred lender, the Corporation is well positioned to assist business customers in accessing funds available through the Paycheck Protection Program and other lending initiatives. Through April 24, 2020, the Corporation had funded approximately $1.8 billion of approved Paycheck Protection Program loans from the initial $349 billion allocation approved by Congress, and stands ready to fund additional loan applications to the extent approved by the Small Business Administration. The Corporation has continued to serve customers at banking center drive-throughs and offer lobby hours by appointment while adhering to social distancing standards.
Content analysis ?
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Legalese
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Readability
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