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
Website
CEO
Ralph Babb
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
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
News

John Lynch, Comerica Wealth Management's Executive Sees 'Pretty Good Decline In Inflation'
9 Aug 22
What 7 Analyst Ratings Have To Say About Comerica
21 Jul 22
Wedbush Maintains Outperform Rating for Comerica: Here's What You Need To Know
21 Jul 22
Wedbush Maintains Outperform on Comerica, Raises Price Target to $94
21 Jul 22
Comerica: Q2 Earnings Insights
20 Jul 22
Press releases
Comerica Bank and Kalamazoo Growlers Food Drive Benefitting South Michigan Food Bank Generates Over 61,000 Meals
17 Aug 22
Linda Nosegbe Named National Community Impact Manager
16 Aug 22
Comerica Bank Names Corey Bailey to Lead Middle Market & Business Banking
15 Aug 22
Comerica Bank Promotes Michigan Leaders Mike Ritchie and Steve Davis
11 Aug 22
Comerica Bank Appoints Allysun Fleming To Lead Payments Strategy In New Head of Payments Role
1 Aug 22
Analyst ratings and price targets
Current price
Average target
$90.67
Low target
$77.00
High target
$98.00
Wedbush
Maintains
$94.00
JP Morgan
Maintains
$97.00
Wells Fargo
Maintains
$77.00
Truist Securities
Maintains
$98.00
Goldman Sachs
Maintains
$93.00
Wolfe Research
Maintains
$85.00
Calendar
28 Jul 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 548 |
Opened positions | 56 |
Closed positions | 111 |
Increased positions | 202 |
Reduced positions | 187 |
13F shares | Current |
---|---|
Total value | 8.27B |
Total shares | 106.19M |
Total puts | 318.9K |
Total calls | 395.8K |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.03M | $1.18B |
BLK Blackrock | 11.96M | $877.39M |
STT State Street | 7.39M | $547.34M |
BK Bank Of New York Mellon | 6.76M | $496.15M |
IVZ Invesco | 4.2M | $308.36M |
FMR | 3.99M | $292.81M |
King Luther Capital Management | 2.73M | $200.51M |
Charles Schwab Investment Management | 2.64M | $193.52M |
Geode Capital Management | 2.55M | $186.58M |
Marshall Wace | 2.11M | $154.79M |
Financial report summary
?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
?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
Financial reports
Current reports
8-K
Second Quarter 2022 Net Income of $261 Million, $1.92 Per Share
20 Jul 22
8-K
Regulation FD Disclosure
10 Jun 22
8-K
Departure of Directors or Certain Officers
17 May 22
8-K
Departure of Directors or Certain Officers
10 May 22
8-K
Regulation FD Disclosure
4 May 22
8-K
Departure of Directors or Certain Officers
29 Apr 22
8-K
First Quarter 2022 Net Income of $189 Million, $1.37 Per Share
20 Apr 22
8-K
Regulation FD Disclosure
7 Mar 22
8-K
Departure of Directors or Certain Officers
23 Feb 22
8-K
Results of Operations and Financial Condition
19 Jan 22
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 21
S-8
Registration of securities for employees
29 Apr 21
S-8
Registration of securities for employees
29 Apr 21
S-3ASR
Automatic shelf registration
12 Feb 21
424B5
Prospectus supplement for primary offering
21 May 20
FWP
Free writing prospectus
20 May 20
424B5
Prospectus supplement for primary offering
20 May 20
424B5
Prospectus supplement for primary offering
19 Jul 19
FWP
Free writing prospectus
18 Jul 19
424B5
Prospectus supplement for primary offering
18 Jul 19
Proxies
DEFA14A
Additional proxy soliciting materials
15 Mar 22
DEFA14A
Additional proxy soliciting materials
16 Mar 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
17 Mar 20
DEFA14A
Additional proxy soliciting materials
12 Mar 19
DEF 14A
Definitive proxy
12 Mar 18
Other
UPLOAD
Letter from SEC
4 Sep 13
CORRESP
Correspondence with SEC
17 Jul 13
UPLOAD
Letter from SEC
2 Jul 13
UPLOAD
Letter from SEC
9 Oct 12
CORRESP
Correspondence with SEC
23 Sep 12
UPLOAD
Letter from SEC
11 Sep 12
UPLOAD
Letter from SEC
4 Jul 11
CORRESP
Correspondence with SEC
19 Jun 11
UPLOAD
Letter from SEC
13 Jun 11
CORRESP
Correspondence with SEC
25 May 11
Ownership
4
COMERICA / JACQUELINE P KANE ownership change
17 Aug 22
4
COMERICA / Peter L Sefzik ownership change
15 Aug 22
4
COMERICA / Nancy Flores ownership change
28 Jul 22
4
COMERICA / Ximena G Humrichouse ownership change
28 Jul 22
4
COMERICA / JACQUELINE P KANE ownership change
28 Jul 22
4
COMERICA / ROBERT S TAUBMAN ownership change
28 Jul 22
4
COMERICA / Barbara Smith ownership change
28 Jul 22
4
COMERICA / ROGER A CREGG ownership change
28 Jul 22
4
COMERICA / Reginald M Turner JR ownership change
28 Jul 22
4
COMERICA / Michael E. Collins ownership change
28 Jul 22
Transcripts
2022 Q2
Earnings call transcript
20 Jul 22
2022 Q1
Earnings call transcript
20 Apr 22
2021 Q4
Earnings call transcript
19 Jan 22
2021 Q3
Earnings call transcript
20 Oct 21
2021 Q2
Earnings call transcript
21 Jul 21
2021 Q1
Earnings call transcript
20 Apr 21
2020 Q4
Earnings call transcript
19 Jan 21
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
21 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
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