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 ...

Comerica Incorporated (NYSE:CMA) Q4 2023 Earnings Conference Call January 19, 2024 8:00 AM ET Company Participants Kelly Gage - Director of Investor Relations Curt Farmer - President, Chairman and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Peter Winter - D.A. Davidson Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Jon Arfstrom - RBC Capital Markets Steven Alexopoulos - JPMor ...

For the quarter ended December 2023, Comerica Incorporated (CMA) reported revenue of $782 million, down 23.3% over the same period last year. EPS came in at $1.46, compared to $2.58 in the year-ago quarter.The reported revenue represents a surprise of -5.34% over the Zacks Consensus Estimate of $826.07 million. With the consensus EPS estimate being $1.38, the EPS surprise was +5.80%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.80%. A quarter ago, it was expected that this company would post earnings of $1.70 per share when it actually produced earnings of $1.84, delivering a surprise of 8.24%.Over the last four quarters, the compa ...

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