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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Curtis Farmer Named Comerica's CEO
Wednesday, 24 Apr 2019 

April 23 (Reuters) - Comerica Inc ::CURTIS C. FARMER NAMED COMERICA'S CHIEF EXECUTIVE OFFICER; RALPH W. BABB JR. ASSUMES TITLE OF EXECUTIVE CHAIRMAN.COMERICA INC - AS EXECUTIVE CHAIRMAN, BABB WILL CONTINUE TO CHAIR COMERICA INCORPORATED BOARD OF DIRECTORS AND COMERICA BANK BOARD OF DIRECTORS.  Full Article

Comerica Bank - Comerica Bank's California Economic Activity Index Was Unchanged In December
Thursday, 28 Feb 2019 

Feb 27 (Reuters) - Comerica Inc ::COMERICA BANK - COMERICA BANK'S CALIFORNIA ECONOMIC ACTIVITY INDEX WAS UNCHANGED IN DECEMBER.  Full Article

Comerica Inc Reports Q4 Earnings Per Share Of $1.88
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Comerica Inc ::COMERICA REPORTS FOURTH QUARTER 2018 EARNINGS RESULTS.EARNINGS PER SHARE OF $1.88 FOR FOURTH QUARTER.QTRLY NET INTEREST INCOME OF $614 MILLION VERSUS $599 MILLION IN Q3 2018.FOR FULL-YEAR 2019, SEES GROWTH IN AVERAGE LOANS OF 2 PERCENT-4 PERCENT.FOR FULL-YEAR 2019, SEES DECLINE IN AVERAGE DEPOSITS OF 1 PERCENT-2 PERCENT.QTRLY AVERAGE TOTAL LOANS INCREASED $248 MILLION FROM Q3 TO $48.8 BILLION.FOR FULL-YEAR 2019, SEES GROWTH IN NET INTEREST INCOME OF 4 PERCENT-5 PERCENT.NET INTEREST MARGIN INCREASED 10 BASIS POINTS TO 3.70 PERCENT IN FOURTH QUARTER 2018, COMPARED TO THE THIRD QUARTER 2018.FOR FULL-YEAR 2019, SEES PROVISION FOR CREDIT LOSSES OF 15 BASIS POINTS TO 25 BASIS POINTS AND NET CHARGE-OFFS TO REMAIN LOW.RESTRUCTURING CHARGES WERE $14 MILLION AND $12 MILLION IN FOURTH AND THIRD QUARTER 2018, RESPECTIVELY.FOR FY 2019, SEES COMMON EQUITY TIER 1 CAPITAL RATIO TARGET OF 9.5 PERCENT-10 PERCENT.QTRLY ADJUSTED EPS $1.95.Q4 EARNINGS PER SHARE VIEW $1.87 -- REFINITIV IBES DATA.  Full Article

Comerica Inc Says On October 18, Co Entered Accelerated Share Repurchase Pact To Repurchase $500 Mln common stock
Friday, 19 Oct 2018 

Oct 18 (Reuters) - Comerica Inc ::COMERICA INC SAYS ON OCTOBER 18, CO ENTERED INTO ACCELERATED SHARE REPURCHASE AGREEMENT TO REPURCHASE $500 MILLION - SEC FILING.  Full Article

Comerica Bank's Texas Index Climbs Further
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - COMERICA BANK: :COMERICA BANK'S TEXAS INDEX CLIMBS FURTHER.COMERICA BANK SAYS ITS TEXAS ECONOMIC ACTIVITY INDEX INCREASED 0.7 POINTS IN MAY TO 134.7.  Full Article

Comerica Reports Qtrly Adjusted Earnings Per Share $1.90
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Comerica Inc ::COMERICA REPORTS SECOND QUARTER 2018 EARNINGS RESULTS.COMERICA REPORTS SECOND QUARTER 2018 NET INCOME OF $326 MILLION, $1.87 PER SHARE.QTRLY NET INTEREST INCOME $590 MILLION VERSUS $500 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $1.90.QTRLY PROVISION FOR CREDIT LOSSES WAS A BENEFIT OF $29 MILLION .COMMON EQUITY TIER 1 CAPITAL RATIO AT QUARTER-END 11.90 PERCENT VERSUS 11.98 PERCENT AT END OF Q1.SEES MODERATE GROWTH IN AVERAGE LOANS & NET INTEREST INCOME HIGHER IN 2018 SECOND-HALF.EXPECTS FOR H2 2018 PROVISION FOR CREDIT LOSSES OF $10 MILLION TO $20 MILLION PER QUARTER AND NET CHARGE-OFFS TO REMAIN LOW.EXPECTS FOR H2 2018 NONINTEREST EXPENSES MODESTLY HIGHER (EXCLUDING RESTRUCTURING CHARGES) PRIMARILY DUE TO ADDITIONAL DAYS.Q2 EARNINGS PER SHARE VIEW $1.64 -- THOMSON REUTERS I/B/E/S.  Full Article

Comerica Reports Q2 Adjusted Earnings Per Share $1.90
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Comerica Inc ::COMERICA REPORTS SECOND QUARTER 2018 EARNINGS RESULTS.COMERICA REPORTS SECOND QUARTER 2018 NET INCOME OF $326 MILLION, $1.87 PER SHARE.COMERICA INC QTRLY NET INTEREST INCOME $590 MLN VS $500 MLN.COMERICA INC QTRLY ADJUSTED EARNINGS PER SHARE $1.90.COMERICA INC QTRLY PROVISION FOR CREDIT LOSSES $29 MLN .COMERICA INC - COMMON EQUITY TIER 1 CAPITAL RATIO AT QTR-END 11.90 PCT VS 11.98 PCT AT END OF Q1.COMERICA INC SEES MODERATE GROWTH IN AVERAGE LOANS & NET INTEREST INCOME HIGHER IN 2018 SECOND-HALF.COMERICA INC - EXPECTS FOR H2 2018 PROVISION FOR CREDIT LOSSES OF $10 MILLION TO $20 MILLION PER QUARTER AND NET CHARGE-OFFS TO REMAIN LOW.COMERICA INC - EXPECTS FOR H2 2018 NONINTEREST EXPENSES MODESTLY HIGHER (EXCLUDING RESTRUCTURING CHARGES) PRIMARILY DUE TO ADDITIONAL DAYS.COMERICA INC <<>> Q2 SHR VIEW $1.64 -- THOMSON REUTERS I/B/E/S.  Full Article

Comerica Declares Qtrly Cash Dividend For Common Stock Of 34 Cents Per Share
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Comerica Inc ::COMERICA ANNOUNCES DIVIDEND INCREASE AND RESULTS FROM ANNUAL SHAREHOLDERS' MEETING.COMERICA INC - DECLARED QUARTERLY CASH DIVIDEND FOR COMMON STOCK OF 34 CENTS PER SHARE, A 13 PERCENT INCREASE FROM PRIOR QUARTER.  Full Article

Comerica Inc - Qtrly Earnings Per Share $1.59
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Comerica Inc ::COMERICA INC - QTRLY EARNINGS PER SHARE $1.59.COMERICA INC QTRLY ADJUSTED NET INCOME OF $1.54 PER SHARE.COMERICA INC - QTRLY PROVISION FOR CREDIT LOSSES $12 MILLION VERSUS $16 MILLION REPORTED LAST YEAR.COMERICA INC - QTRLY NET INTEREST INCOME $549 MILLION VERSUS $470 MILLION REPORTED LAST YEAR.COMERICA INC - QUARTER-END COMMON EQUITY TIER 1 CAPITAL RATIO OF 11.96 PERCENT VERSUS 11.55 PERCENT.COMERICA INC - EXPECTS GROWTH IN AVERAGE LOANS IN LINE WITH REAL GROSS DOMESTIC PRODUCT IN 2018.  Full Article

Comerica CEO Ralph Babb's 2017 Total Compensation Was $12.1 Mln Vs. $9.9 Mln
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Comerica Inc ::COMERICA INC SAYS CHAIRMAN AND CEO RALPH BABB JR'S FY 2017 TOTAL COMPENSATION WAS $12.1 MILLION VERSUS $9.9 MILLION IN FY 2016 - SEC FILING.  Full Article