DALLAS, April 23, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of four proposals at today's annual meeting of shareholders. Comerica Incorporated shareholders elected the following directors to the Board of Directors for one-year terms: Arthur G. Angulo                      M. Alan Gardner                     Barbara R. Smith Nancy Avila                             Derek J. Kerr                           Robert S. Taubman Roger A. Cregg                       Ric ...

Comerica Incorporated (CMA) reported first-quarter 2024 adjusted earnings per share of $1.29, beating the Zacks Consensus Estimate of $1.13. However, the bottom line plunged 48% from the prior-year quarter.Results were affected due to a decline in revenues and higher expenses than the year-ago quarter. A sequential decrease in loan and deposit balances was another headwind. Nonetheless, CMA’s strong capital ratios indicate its availability of adequate capital to use in order to deal with any unexpected loss ...

Ladies and gentlemen, thank you for your participation. This concludes today's event. You may disconnect your lines and log off the webcast at this time and enjoy the rest of your day. Comerica Incorporated (NYSE:CMA) Q1 2024 Earnings Conference Call April 18, 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 Off ...

Comerica Incorporated (CMA) reported $784 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 20.8%. EPS of $1.29 for the same period compares to $2.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $807.57 million, representing a surprise of -2.92%. The company delivered an EPS surprise of +14.16%, with the consensus EPS estimate being $1.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

©2024, Comerica Inc. All rights reserved. 30 Energy Primarily E&P exposure omericA 1,402 276312 310312 310 1,480 1,437 1,382 1,358 1,126 1,168 1,127 1,070 1,048 1Q23 2Q23 3Q23 4Q23 1Q24 Period-end Loans ($ in millions) Midstream Exploration & Production1 • 15+ year experienced team with 20+ year management tenure • Dedicated relationship managers advise & guide customers on profitably growing their business by providing banking solutions • Focus on middle market-sized companies with full banking relationshi ...

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 ...

FIRST QUARTER 2024 NET INCOME OF $138 MILLION, $0.98 PER SHARE Successful Execution of Deposit and Liquidity Strategy Significant Reduction in Wholesale Funding Prudent Capital Management and Continued Strong Credit Quality “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 add ...

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 ...