Comerica Incorporated (NYSE:CMA) Q4 2024 Earnings Conference Call January 22, 2025 8:00 AM ET Company Participants Kelly Gage - Director, IR Curt Farmer - President, Chairman & CEO Jim Herzog - CFO Peter Sefzik - Chief Banking Officer Melinda Chausse - Senior EVP, Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Bernard Von Gizycki - Deutsche Bank Anthony Elian - JPMorgan Chase Chris McGratty - KBW Operator Greeti ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4%. A quarter ago, it was expected that this company would post earnings of $1.18 per share when it actually produced earnings of $1.37, delivering a surprise of 16.10%.Over the last four quarters, the compan ...

Comerica Incorporated Fourth Quarter & Fiscal Year 2024 Financial Review January 22, 2025 Safe Harbor Statement This presentation, & other Comerica written & oral communications, include statements that are not historical facts but rather are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as achieve, anticipate, aspire, assume, believe, can, confident, continue, could, designed, enhances, estimate, expect, feel, forecast, forward, future, goal, grow ...

DALLAS, Jan. 22, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 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 fourth quarter and ...

FULL-YEAR 2024 NET INCOME OF $698 MILLION, $5.02 PER SHARE FOURTH QUARTER 2024 NET INCOME OF $170 MILLION, $1.22 PER SHARE Enhanced Liquidity Through Lower Wholesale Funding and Favorable Customer Deposit Trends Strong Credit Quality and Capital Position with Resumption of Share Repurchases "In 2024, we took steps to further enhance our strong foundation as we improved our capital and liquidity positions while demonstrating credit and expense discipline," said Curtis C. Farmer, Comerica Chairman and Chief E ...

Comerica Incorporated (CMA) is scheduled to report fourth-quarter 2024 results on Jan. 22, before the opening bell. The bank’s revenues are expected to increase while earnings are likely to decline from the year-ago quarter’s reported figures.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The bank’s earnings for the third quarter of 2024 surpassed the Zacks Consensus Estimate by 16.1%. Results benefited from a rise in the deposit balance and a strong capital position. However, a decl ...

Analysts on Wall Street project that Comerica Incorporated (CMA) will announce quarterly earnings of $1.25 per share in its forthcoming report, representing a decline of 14.4% year over year. Revenues are projected to reach $831.26 million, increasing 6.3% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initia ...

The market expects Comerica Incorporated (CMA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 22, 2025, might help the stock move higher if these key ...

Google's Market Dominance and CMA Investigation - The UK's Competition and Markets Authority (CMA) is investigating Google's market dominance in search, including its AI search advancements and search advertising business [4] - Google Search accounts for over 90% of all general search queries in the UK, and more than 200,000 businesses use the platform for advertising [6] - The CMA is considering whether to designate Google's search business as having "strategic market status" (SMS), which could lead to conduct requirements or pro-competition interventions [8] Areas of Investigation - The CMA will investigate whether Google is posing weak competition and barriers to entry and innovation in search [9] - The investigation will also examine whether Google gives preference to its own services in areas like advertising and AI [1] - The CMA will look into whether Google is using large quantities of consumer data without informed consent, including content from intellectual property owners and publishers [1] Potential Remedies and Industry Impact - The investigation could result in business break-up proposals, opening up search results to competitors, or unbundling Google's search engine integrations [10] - Effective competition in search advertising could reduce costs by nearly £500 per household per year, potentially lowering prices across the economy [2] - The CMA aims to ensure a level playing field for all businesses, including rival search engines, advertisers, and news organizations [6] Google's Response to AI Competition - Google is developing its own AI search experience, called Gemini, which delivers fully-formed answers at the top of search results [3] - The company faces new competition from AI-based services like ChatGPT and Perplexity, which provide fully-formed results instead of traditional search links [11] - Google's integration of generative AI technology in search results could require it to provide AI results from other parties [3] Global Context and Legal Precedents - Google has faced multiple antitrust cases in other jurisdictions, including the US and Europe, over its search dominance [7] - The CMA is in regular contact with other authorities regarding Google's antitrust issues [7]

Detroit Lions to match campaign donations to Alternatives For Girls up to $100,000Comerica supporting Alternatives For Girls in recognition of the bank's 175th Anniversary and its Commitment to the CommunityDETROIT, Dec. 4, 2024 /PRNewswire/ -- The Detroit Lions and Comerica Bank announced today their third annual community collaboration supporting the Lions My Cause My Cleats campaign. To transform the lives of our youth, the Lions encourage community members to "Double The Impact" by donating to Alternati ...