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CMA Comerica

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
IRS number
6021

CMA stock data

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Calendar

28 Apr 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Comerica earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.87B 14.87B 14.87B 14.87B 14.87B 14.87B
Cash burn (monthly) 298.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.17B n/a n/a n/a n/a n/a
Cash remaining 13.7B n/a n/a n/a n/a n/a
Runway (months of cash) 45.9 n/a 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
24 Jul 21 Melinda A. Chausse Common Stock Payment of exercise Dispose F No No 67.02 383 25.67K 44,061
4 May 21 Mauricio A Ortiz Common Stock Sell Dispose S No No 73.415 800 58.73K 6,072
3 May 21 Jay K. Oberg Common Stock Sell Dispose S No No 74.61 4,000 298.44K 37,831
3 May 21 Jay K. Oberg Common Stock Option exercise Aquire M No No 29.6 4,000 118.4K 41,831
3 May 21 Jay K. Oberg Employee Stock Option Common Stock Option exercise Dispose M No No 29.6 4,000 118.4K 0
30 Apr 21 Humrichouse Ximena G Common Stock Sell Dispose S No No 75.52 100 7.55K 30,870
30 Apr 21 Humrichouse Ximena G Common Stock Sell Dispose S No No 75.52 100 7.55K 30,970
30 Apr 21 Humrichouse Ximena G Common Stock Sell Dispose S No No 75.52 115 8.68K 31,070
30 Apr 21 Humrichouse Ximena G Common Stock Sell Dispose S No No 75.52 345 26.05K 31,185
29 Apr 21 James Harry Weber Common Stock Sell Dispose S No No 75 1 75 15,266

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 510 485 +5.2%
Opened positions 80 107 -25.2%
Closed positions 55 62 -11.3%
Increased positions 160 137 +16.8%
Reduced positions 185 180 +2.8%
13F shares
Current Prev Q Change
Total value 7.87B 6.43B +22.4%
Total shares 109.75M 111.19M -1.3%
Total puts 567.2K 860.8K -34.1%
Total calls 797.2K 608.8K +30.9%
Total put/call ratio 0.7 1.4 -49.7%
Largest owners
Shares Value Change
Vanguard 15.21M $1.09B +1.6%
BLK Blackrock 12.46M $893.86M +5.7%
STT State Street 8.22M $596.04M +6.0%
FMR 7.67M $550.24M +2.2%
IVZ Invesco 6.63M $475.31M +0.0%
BK Bank Of New York Mellon 3.81M $273.34M -1.4%
King Luther Capital Management 2.63M $189M +1.0%
Geode Capital Management 2.49M $178.42M +1.7%
Alliancebernstein 2.37M $169.7M +14.8%
Charles Schwab Investment Management 2.06M $147.75M -12.1%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.59M EXIT
PUKPF Prudential 154.63K -1.17M -88.4%
Arrowstreet Capital, Limited Partnership 0 -1.1M EXIT
Victory Capital Management 1.06M +1.01M +1892.6%
Basswood Capital Management, L.L.C. 1.22M +785.95K +182.2%
First Trust Advisors 291.94K -768.27K -72.5%
BLK Blackrock 12.46M +673.25K +5.7%
Azora Capital 101.64K -551.58K -84.4%
Carlson Capital L P 520.49K +520.49K NEW
FIL 525.47K +519.1K +8150.5%

Financial report summary

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Competition
First FoundationHomeStreet
Management Discussion
  • Net income for the three months ended March 31, 2021 was $350 million compared to a net loss of $59 million for the three months ended March 31, 2020, which was driven by lower provision for credit losses resulting from an improved economic outlook and strong credit performance. Results for the three months ended March 31, 2021 were also impacted by lower net interest income, reflecting a decline in short-term interest rates, as well as an increase in noninterest expenses, partially offset by higher noninterest income. The provision for income taxes increased $117 million to $98 million due to the increase in pre-tax income.
  • Net income per diluted common share for the three months ended March 31, 2021 was $2.43 compared to a net loss per diluted common share of $0.42 for the same period in the prior year.
  • Effective January 1, 2021, the Corporation elected to change the accounting methodology for determining market-related value of plan assets (MRVA) to a more preferable method for certain classes of assets in the qualified defined benefit pension plan. The classes of assets impacted by the new accounting methodology are fixed income securities and private placement assets held in the portfolio, which are primarily designed to match the duration and interest rate exposure of the Corporation's long-term pension commitments to mitigate against the volatility of interest rates. Under the previous policy, MRVA was calculated based on a five-year average fair value. The new accounting policy recognizes changes in fair value in the year they occur and better aligns the timing of recognition of interest rate impacts to pension assets and liabilities, reducing earnings volatility.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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