Transactions with Af iliates Federal banking laws and regulations impose qualitative standards and quantitative limitations upon certain transactions between a bank and its affiliates, on the one hand, and Comerica's affiliate insured depository institutions, on the other. For example, Section 23A of the Federal Reserve Act limits the aggregate outstanding amount of any insured depository institution's loans and other "covered transactions" with any particular nonbank affiliate (including financial subsidia ...

DALLAS, Feb. 26, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024. Comerica Incorporated also provided details for its first quarter 2024 earnings call on Thursday, April 18, 2024. Interested parties may access additional information through the following details: 2024 RBC Capital Markets Global Financial Institutions Conference: DATE: Wednesday, March 6, 2024 T ...

Comerica Incorporated (NYSE:CMA) are up 0.3% at $50.36 at last check, and added 54.1% over the last nine months. The $48 level contained the equity's latest pullback, while the $57 region has acted as a ceiling since a series of March pullbacks. CMA may soon make another attempt at toppling this resistance, though, thanks to a historically bullish trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Comerica stock is within one standard deviation of its 160-day trendline. S ...

Businessman trading online stock market on teblet screen, digital investment conceptgettyRecap from December’s PicksOn a price return basis, the Safest Dividend Yields Model Portfolio (-4.1%) underperformed the S&P 500 (+0.9%) by 5.0% from December 20, 2023 through January 17, 2024. On a total return basis, the Model Portfolio (-3.8%) underperformed the S&P 500 (+0.9%) by 4.7% over the same time. The best performing large-cap stock was up 1%, and the best performing small-cap stock was up 4%. Overall, 3 out ...

The sector might be set for a resurgence after a tough year for bank stocks that included multiple meltdowns, like Silicon Valley Bank. Banking indices climbed in 2023’s latter half and seem to maintain that momentum today. Of course, most of that bullish sentiment is on the heels of assumed interest rate cuts – which, if they don’t bear out as expected, could prove devastating to the same stocks surging today.In either case, a handful of bank stocks should be at the top of your Sell list, whether or not ou ...

DALLAS, Jan. 25, 2024 /PRNewswire/ -- Comerica Bank will host its ninth annual North Texas Prom Dress Drive, Feb. 1-29, at six participating banking centers. Donations will benefit local teens served by Boys & Girls Clubs of Collin County, Dallas CASA and Boys & Girls Clubs of Greater Dallas, who otherwise may not be able to afford formal attire and experience the high school tradition of prom. Comerica Bank's ninth annual North Texas Prom Dress Drive returns in February to benefit local teens served by ...

DALLAS, Jan. 22, 2024 /PRNewswire/ -- The Comerica California Economic Activity Index was unchanged for a second consecutive month in the three months through October, and was up 1.6% from a year earlier. Six components of the index rose, while three declined. Employment rose by 34,500, but the pace of job growth year-to-date has been roughly half of 2022's. Additional signs that the Golden State's job market is cooling include elevated continuing claims for unemployment insurance, holding above 400,000 for ...

DALLAS, Jan. 22, 2024 /PRNewswire/ -- The Comerica Texas Economic Activity Index increased by 5.3% annualized in the three months through October and was up 2.2% from a year earlier.  Five of the Index's nine components rose in the month, while four fell. The Texas labor market is cooling: Employment rose by a modest 18,600 in October and growth was notably slower compared to 2022 when 52,500 jobs, on average, were added per month. Also indicating a softer job market, continuing jobless claims rose again an ...

DALLAS, Jan. 22, 2024 /PRNewswire/ -- The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, reversing a drop in the prior three months. Nonetheless, the Index was still down 0.4% from a year earlier, and declined in those terms for most of 2023. Six of the index's nine components fell in October, while three rose. Reflecting the effects of the United Auto Workers strike, employment in the Great Lakes State fell 13,000 in October and 13,700 in September. Simi ...

Comerica Incorporated (CMA) reported fourth-quarter adjusted earnings per share of $1.46, beating the Zacks Consensus Estimate of $1.38. The bottom line reflected a fall of 43.4% from the prior-year quarter.A decline in revenues and higher expenses compared with the prior-yearquarter primarily affected the results. A sequential decrease in loan and deposit balances was another headwind. Nonetheless, a fall in provisions on a year-over-year basis offered some support.Net income attributable to common shares ...