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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

88.31USD
20 Feb 2019
Change (% chg)

$0.87 (+0.99%)
Prev Close
$87.44
Open
$87.27
Day's High
$88.47
Day's Low
$86.91
Volume
452,683
Avg. Vol
561,908
52-wk High
$102.59
52-wk Low
$63.71

Latest Key Developments (Source: Significant Developments)

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

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