Core Viewpoint - Comerica Incorporated (CMA) is expected to report quarterly earnings of $1.14 per share, reflecting an 11.6% decline year-over-year, while revenues are forecasted to increase by 5.8% to $829.64 million [1] Earnings Projections - The consensus EPS estimate has been revised 1.8% lower in the last 30 days, indicating a reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics Analysis - Analysts project the 'Efficiency Ratio' to reach 71.9%, down from 76.9% a year ago [5] - The 'Average Balance - Total earning assets' is estimated at $71.18 billion, compared to $75.81 billion in the previous year [5] - 'Total nonperforming assets' are expected to be $314.05 million, up from $217 million in the same quarter last year [5] - 'Total nonperforming loans' are projected to reach $317.08 million, an increase from $217 million year-over-year [6] - 'Total noninterest income' is anticipated to be $266.25 million, compared to $236 million in the previous year [6] Income Estimates - 'Net interest income' is expected to be $566.88 million, compared to $548 million in the same quarter last year [7] - 'Service charges on deposit accounts' are projected at $46.05 million, slightly up from $45 million year-over-year [7] - 'Fiduciary income' is estimated to reach $54.23 million, compared to $51 million in the previous year [8] - 'Commercial lending fees' are expected to be $17.35 million, up from $16 million year-over-year [8] - 'Bank-owned life insurance' is projected at $11.03 million, compared to $10 million in the previous year [8] - 'Capital markets income' is estimated at $36.72 million, up from $30 million in the same quarter last year [9] - 'Letter of credit fees' are projected at $9.95 million, slightly down from $10 million year-over-year [9] Stock Performance - Comerica shares have decreased by 9.9% in the past month, while the Zacks S&P 500 composite has declined by 3.9% [9] - With a Zacks Rank 3 (Hold), CMA is expected to closely follow the overall market in the near term [10]

Core Points - The Consumer Financial Protection Bureau (CFPB) has dropped a lawsuit against Comerica Bank regarding its handling of the Direct Express program, which provides federal benefits to approximately 3.4 million beneficiaries [1][2] - The lawsuit initially alleged that Comerica Bank provided poor service, including disconnecting customer service calls and charging illegal ATM fees [3][4] - Comerica Bank has maintained its defense against the CFPB's claims, asserting that it cooperated with the investigation and challenged the Bureau's regulatory actions [5][6] Summary by Sections CFPB Lawsuit Dismissal - The CFPB informed a U.S. District Court of its decision to dismiss the lawsuit against Comerica Bank [1] - The lawsuit was originally filed in December, focusing on the bank's management of the Direct Express program since 2008 [2] Allegations Against Comerica Bank - The CFPB's complaint included accusations of deliberate disconnection of customer service calls, illegal ATM fees, misleading fraud victims, and failure to investigate account issues [3] - Former CFPB Director Rohit Chopra highlighted that these actions negatively impacted Americans on fixed incomes [4] Comerica Bank's Response - Comerica Bank expressed its intention to defend its record and filed a lawsuit against the CFPB for regulatory overreach [5] - The bank claimed it provided necessary context during the CFPB's investigation, which it felt was ignored [5] - CFPB Chief Legal Officer indicated that the agency was reviewing the matter under new leadership [6]

Comerica Incorporated (CMA) shares ended the last trading session 9.3% higher at $55.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.5% loss over the past four weeks.Comerica witnessed a significant rally following Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduced immediate fears of a trade war, fostering a more ...

Core Points - Comerica Bank and Iron Mountain Incorporated are hosting the 13th annual Comerica Bank Shred Day DFW on April 12, 2025, offering free shredding of sensitive documents [2][3] - The event aims to raise awareness about identity theft prevention and environmental protection, while also supporting the North Texas Food Bank by collecting food and monetary donations [3][4] Company Overview - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, with total assets of $79.3 billion as of December 31, 2024 [6] - The company operates through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management, and has 380 banking centers across the U.S. [6] Event Impact - Since its inception in 2011, Shred Day DFW has securely destroyed and recycled over 3.9 million pounds of paper and provided more than 646,000 meals to residents in the DFW area facing hunger [5]

DETROIT, March 26, 2025 /PRNewswire/ -- Comerica Bank Executive Vice President, National Businesses for Energy, Renewables, and Waste, Joe Ursuy, has been elected to the National Waste & Recycling Association (NWRA) Hall of Fame Class of 2025, announced by the NWRA. Joe Ursuy, Comerica Bank Executive Vice President, National Businesses for Energy, Renewables, and Waste. The Hall of Fame inductees were chosen by NWRA's Board of Trustees from a list of distinguished finalists compiled by the Association's ...

Public encouraged to drop-off dresses and accessories at select Comerica locations March 24-April 18 DETROIT, March 24, 2025 /PRNewswire/ -- Comerica Bank is welcoming donations for its seventh annual Prom Dress Drive beginning Monday, March 24, and continuing through Friday, April 18, in support of community partner Jackets for Jobs. Nine Comerica banking centers throughout Metro Detroit will serve as collection sites. Individuals and businesses alike can drop off new or gently used dresses, along with acc ...

Group 1: Event Overview - Comerica Bank and Iron Mountain will host a free document shredding event on April 5, 2025, from 8 a.m. to 3 p.m. at Comerica's Mangum Banking Center in Houston [1] - The event aims to securely shred sensitive documents to prevent identity theft and promote environmental sustainability by recycling the shredded paper [2] Group 2: Community Impact - The event will also support the Houston Food Bank by collecting cash, credit card donations, and nonperishable food items to help combat hunger in the community [3] - Since its inception in 2013, Shred Day Houston has recycled over 1 million pounds of paper and provided approximately 410,000 meals to residents facing hunger [4] Group 3: Company Background - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, with total assets of $79.3 billion as of December 31, 2024 [5] - The company operates 380 banking centers across the U.S. and has a strategic focus on building relationships and supporting the success of individuals and businesses [5]

Group 1 - The Consumer Financial Protection Bureau (CFPB) has requested a federal judge to pause its enforcement action against Comerica Bank, indicating a review of the matter by new CFPB leadership [1][2] - The enforcement action against Comerica Bank alleges systematic failures in servicing federal benefit recipients through the Direct Express program, which has been managed by Comerica since 2008 for approximately 3.4 million beneficiaries [3][4] - Allegations against Comerica Bank include disconnecting customer service calls, charging illegal ATM fees, misleading fraud victims, imposing illegal terms of service, failing to investigate account issues, and forcing account closures to stop preauthorized payments [4][5] Group 2 - Comerica Bank has publicly stated its intention to defend its record as the financial agent for the Direct Express program and has filed a lawsuit against the CFPB, challenging the agency's regulatory actions [5] - The CFPB has recently dropped five enforcement actions, including one against Capital One, amid claims of the agency being politicized under the Trump administration [2][6] - The new CFPB leadership, represented by Jonathan McKernan, has acknowledged that the agency has acted in a manner that has hindered its mission [6]

Core Points - The Comerica Hatch Detroit Contest is returning for its 13th year, offering $100,000 in startup funding and support services to entrepreneurs looking to establish brick-and-mortar businesses in Detroit, Hamtramck, or Highland Park [1][2] - Applications for the 2025 competition opened on March 3 and will close on April 4, with information sessions scheduled for the week of March 17 [2][3] - The contest includes public voting rounds to select the Top 10 and Top 4 entrepreneurs, culminating in the Hatch Off event on June 11 where the winner will be announced [4] Financial Support - Comerica Bank and the Comerica Charitable Foundation have increased their financial commitment to the Hatch Detroit program to a total of $200,000 for this year, marking a $50,000 increase from previous years [6][8] - Since 2012, Comerica Bank and the Comerica Charitable Foundation have collectively contributed over $1.3 million to the Hatch Detroit program [10] Impact on Small Business Community - The Hatch Detroit Contest has successfully helped create over 50 businesses, employing more than 500 individuals and investing over $10 million in economic development [20] - TechTown Detroit, which integrates the Hatch Detroit program, has supported over 6,090 companies since 2007, resulting in the creation of 2,277 jobs and raising more than $406 million in startup and growth capital [19] Historical Context - The Hatch Detroit program was founded in 2011 and became part of TechTown's suite of entrepreneurial services in 2022, aimed at fostering neighborhood retail development [20] - Notable past winners include G.L.A.M. Body Scrubs (2024), Bouncing Around The Motor City (2023), and Sister Pie (2014), showcasing the program's role in nurturing successful businesses [14][16]

Core Insights - Comerica Bank has been recognized as a best bank for its commitment to supporting small business and middle market clients by Crisil Coalition Greenwich [1][4] - The Coalition Greenwich Awards are based on evaluations from business decision-makers and research scores assessing service quality and product excellence [1][2] Small Business Banking - Comerica has been acknowledged for its long-term relationship values, advisory capabilities, and customer satisfaction with relationship managers in small business banking [4] - The bank emphasizes a relationship banking approach that focuses on understanding and collaborating with customers to drive their success [2] Middle Market Banking - Comerica has also received recognition for customer satisfaction with relationship managers in middle market banking, particularly in the western region of the U.S. [4] - The bank's strategy in middle market banking mirrors its approach in small business banking, prioritizing deep relationships and customer needs [2] Company Overview - Comerica Incorporated is headquartered in Dallas, Texas, and operates through three business segments: Commercial Bank, Retail Bank, and Wealth Management [3] - As one of the 25 largest commercial U.S. financial holding companies, Comerica has a total asset value of $79.3 billion as of December 31, 2024 [3] - The bank operates 380 banking centers across the U.S. and has expanded into new regions, including North Carolina and Colorado [3]