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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

94.99USD
19 Jan 2018
Change (% chg)

$1.18 (+1.26%)
Prev Close
$93.81
Open
$93.78
Day's High
$95.27
Day's Low
$93.78
Volume
861,181
Avg. Vol
415,473
52-wk High
$95.53
52-wk Low
$64.13

Latest Key Developments (Source: Significant Developments)

Comerica Inc Posts Q4 Earnings 63 Cents Per Share
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Comerica Inc ::QTRLY EARNINGS PER SHARE $0.63 PER DILUTED SHARE‍​.QTRLY NET INTEREST INCOME $545 MILLION VERSUS $455 MILLION LAST YEAR.QTRLY PROVISION FOR CREDIT LOSSES $17 MILLION VERSUS $35 MILLION.- QUARTER-END COMMON EQUITY TIER 1 CAPITAL RATIO 11.55 PERCENT VERSUS 11.09 PERCENT LAST YEAR.- Q4 & FY 2017 RESULTS WERE IMPACTED BY A $107 MILLION CHARGE TO ADJUST DEFERRED TAXES DUE TO ENACTMENT OF TAX CUTS AND JOBS ACT.COMERICA- IN QUARTER, GRANTED ABOUT 4,500 COLLEAGUES ONE-TIME BONUS OF $1,000, RAISED MINIMUM WAGE TO $15 PER HOUR, WHICH IMPACTS OVER 700 EMPLOYEES.SEES PROVISION FOR CREDIT LOSSES OF 15 TO 25 BASIS POINTS AND NET CHARGE-OFFS TO REMAIN LOW FOR FULL-YEAR 2018‍​.COMERICA-SEES FULL-YEAR 2018 BENEFIT FROM 2017 RATE INCREASES TO BE $110 MILLION - $125 MILLION, ASSUMING 20 TO 40 PERCENT DEPOSIT BETA FOR DECEMBER RATE INCREASE.- QTRLY ADJUSTED EARNINGS PER SHARE $1.28.Q4 EARNINGS PER SHARE VIEW $1.21 -- THOMSON REUTERS I/B/E/S.  Full Article

Owl Rock Capital Says Entered Agreement With Comerica Bank ‍On Jan 2 - SEC Filing
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Comerica Inc ::OWL ROCK CAPITAL SAYS ‍ON JANUARY 2, 2018, CO ENTERED INTO AGREEMENT WITH COMERICA BANK - SEC FILING.OWL ROCK - ‍COMERICA AGREED TO PROVIDE A $50 MILLION COMMITMENT THROUGH ACCORDION FEATURE IN CO'S SUBSCRIPTION CREDIT FACILITY, DATED AUG 1, 2016​.  Full Article

Comerica Increases Minimum Wage To $15/Hour To 4,500 Non-Officer Colleagues
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Comerica Inc ::COMERICA ANNOUNCES INCREASE IN ITS MINIMUM WAGE TO $15 PER HOUR AND $1,000 BONUS TO 4,500 NON-OFFICER COLLEAGUES.COMERICA - INCREASE IN MINIMUM WAGE, ONE-TIME BONUS MADE POSSIBLE BY TAX REFORM BILL PASSED BY U.S. CONGRESS, SIGNED BY PRESIDENT ON DEC 22, 2017.  Full Article

‍Chefs Plate Announces $10M In New Funding
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - ‍CHEFS PLATE ::‍CHEFS PLATE ANNOUNCES $10M IN NEW FUNDING, CLOSE OF SERIES C ROUND OF FINANCING FROM ACTON CAPITAL, EMIL CAPITAL, INVESTECO CAPITAL, COMERICA BANK​.SAYS SECURED $20M IN TOTAL FUNDING SINCE LAUNCH​.  Full Article

Comerica CFO ‍David Duprey intends to resign from his role on or around January 23, 2018
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Comerica Inc :Comerica - ‍David Duprey intends to resign from his role as CFO of co on or around January 23, 2018​.Comerica Inc - ‍Muneera Carr will succeed Duprey as executive vice president and CFO of co.  Full Article

Comerica Inc sees Q4 restructuring expenses of about $15 mln - presentation slides
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc sees restructuring expenses of about $15 million in Q4 - presentation slides.  Full Article

Comerica Inc Q3 income per common share $1.26‍​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc - qtrly diluted income per common share $1.26‍​.Comerica Inc - qtrly net interest income $‍​546 million versus $450 million last year.Comerica Inc - qtrly provision for credit losses $ 24 million versus $16 million.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 ‍​percent versus 10.69 percent last year.Comerica inc - now expect 2019 results will include a benefit of $305 million as a result of gear up initiative.Q3 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Comerica - excluding restructuring charges, tax benefits from employee stock transactions, adjusted eps $1.27 for third quarter 2017‍​.Comerica inc - "as far as hurricanes in Texas and Florida, credit impact is expected to be manageable"‍​.Comerica Inc - expects Q4 net interest income to reflect lower nonaccrual interest recoveries, partially offset by loan growth‍​.  Full Article

Comerica extends closure of Florida banking centers, offices
Saturday, 9 Sep 2017 

Sept 8 (Reuters) - Comerica Inc ::Comerica extends closure of Florida banking centers and offices as Hurricane Irma approaches landfall.  Full Article

Comerica CEO Babb's 2016 total compensation was $9.9 mln
Tuesday, 14 Mar 2017 

Comerica Inc :CEO Ralph Babb's FY 2016 total compensation was $9.9 million versus $6.9 million in FY 2015 - SEC filing.  Full Article

Appaloosa LP takes share stake in American Airlines, Comerica
Wednesday, 15 Feb 2017 

Appaloosa LP: Appaloosa LP takes share stake of 1.3 million shares in American Airlines Group Inc . Appaloosa LP takes share stake of 1.2 million shares in Comerica Inc - Sec Filing .Appaloosa LP - change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

UPDATE 1-Comerica tops profit estimates as interest income jumps

Jan 16 Comerica Inc beat analysts' forecasts for fourth-quarter profit on Tuesday as the U.S. regional lender earned higher interest income.