DALLAS, April 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2024 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov. As previously announced, Comerica will host a conference call to review the first quarter 2024 financial re ...

"Today we reported first quarter earnings per share of $0.98," said Curtis C. Farmer, Comerica Chairman and Chief Executive Officer. "Strategic rationalization efforts from 2023 and favorable pipeline trends position us for growth. Deposits outperformed normal seasonal patterns as we added new customers and expanded existing relationships while maintaining pricing discipline. Our liquidity strategy remained a highlight as we normalized our cash position, significantly reduced wholesale funding and successfu ...

Investors are always looking for stocks that are poised to beat at earnings season and Comerica Incorporated (CMA) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Comerica is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

Public voting begins as Top 10 entrepreneurs vie for $100,000 prize from Comerica BankDETROIT, April 11, 2024 /PRNewswire/ -- The wait is over! The Comerica Hatch Detroit Contest by TechTown, the small business competition responsible for launching some of the city's most popular neighborhood storefronts, is ready to unveil its Top 10 semifinalists. These businesses are now in the running to win $100,000 in startup funds from Comerica Bank to open a brick-and-mortar storefront in Detroit, Hamtramck or Highl ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Comerica Incorporated (CMA) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 18, 2024, might help the stock move higher if these key numbers are better tha ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Comerica Incorporated (CMA) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.02%.For the la ...

DALLAS, March 21, 2024 /PRNewswire/ -- Comerica Bank has earned a 2024 Top Workplaces USA award issued by Energage and published by USA Today. The Top Workplaces award has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. Top Workplaces USA celebrates organizations with 150 or more employees that have established a strong work culture. Over 42,000 organizations were invited to participate in the Top Workp ...

This year is turning out to be better for banks than 2023. The possibility of three rate cuts and higher chances of a soft landing of the U.S. economy have turned investors bullish on the banking sector.Hence, keeping an eye on fundamentally solid lenders, which also have impressive dividend yields, will be wise now. One such bank is Comerica Incorporated (CMA) . This Dallas, TX-based company delivers financial services in three primary geographic markets — Texas, California and Michigan — as well as Arizon ...

Comerica Incorporated (CMA) is well-poised to gain on the back of steady loan growth, sales tools improvement and product enhancement. The company’s capital distribution activities are backed by a strong liquidity profile. However, elevated expenses and lack of loan portfolio diversification, along with geographic concentration, remain near-term concerns.Comerica’s revenue generation heavily relies on its loan growth. The loan balance witnessed a four-year compound annual growth rate (CAGR) of 0.9% (2019- 2 ...

DALLAS, March 18, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Larry Franco has been named Executive Vice President, National Director of Retail Banking & Operations. He will succeed Rhonda Davenport, Executive Vice President and National Director of Retail Banking, who is expected to retire in April 2024, following more than 36 years with Comerica. Franco will report to Cassandra McKinney, Executive Vice President, Executive Director of the Retail Bank. Larry Franco, Comerica Ba ...