Comerica - CMA STOCK NEWS

Comerica Incorporated (NYSE: CMA) has appointed Eric Teal as Chief Investment Officer, reporting to Executive Vice President Greg Carr in Wealth Management. Teal brings over 30 years of leadership and investment experience to the role, where he will lead enterprise-wide investment strategy and portfolio construction.

Teal's previous positions include Investment Manager at U.S. Bank Private Wealth Management, CIO at First Citizens Bank, and Managing Partner at Queens Oak. He holds degrees from Rhodes College and the University of Memphis, with additional studies at the London School of Economics.

Comerica, headquartered in Dallas, Texas, is among the 25 largest U.S. commercial financial holding companies, with total assets of $77.6 billion as of March 31, 2025. The company operates through three segments: Commercial Bank, Retail Bank, and Wealth Management, serving 13 of the 15 largest U.S. metropolitan areas.

Comerica (NYSE: CMA) has announced its first quarter 2025 earnings results, with total assets reported at $77.6 billion as of March 31, 2025. The financial services company, headquartered in Dallas, Texas, operates through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.

The company maintains banking centers across multiple states including Arizona, California, Florida, Michigan, and Texas, with operations in 15 states serving 13 of the largest U.S. metropolitan areas. Comerica has also expanded into new regions with its Southeast Market in North Carolina and Mountain West Market in Colorado.

The detailed financial results are available on Comerica's Investor Relations website and will be filed with the SEC. The company will host a conference call on Monday, April 21, 2025, at 7 a.m. CT to review the quarterly results.

Comerica Bank and Iron Mountain are set to host their 13th Annual Shred Day DFW on April 12, 2025, from 8 a.m. to 3 p.m. at Iron Mountain's DFW flagship station in Dallas. The free event allows individuals, small businesses, and nonprofits to securely shred and recycle sensitive paper documents with no quantity limits.

The initiative, which combines document security with community service, features a special lane for large loads and encourages participants to make food or monetary donations to the North Texas Food Bank. Since its inception in 2011, Shred Day DFW has successfully destroyed and recycled over 3.9 million pounds of paper while providing more than 646,000 meals for DFW area residents facing food insecurity.

Comerica Bank Executive Vice President Joe Ursuy has been elected to the National Waste & Recycling Association (NWRA) Hall of Fame Class of 2025. As EVP of National Businesses for Energy, Renewables, and Waste, Ursuy was recognized for his pioneering contributions spanning over 25 years in the industry.

Ursuy established Comerica's environmental services department nearly two decades ago, which has evolved into an industry-leading division. In 2022, the department expanded with the introduction of a Renewable Energy Solutions Group. The environmental services team supports a national platform focused on growing commercial loan assets while serving waste management, recycling, and energy businesses throughout the US and Canada.

The induction ceremony will take place at the Awards Gala during WasteExpo in Las Vegas on May 5, 2025, where Ursuy will join 212 previous inductees who have shaped the waste and recycling industry.

Comerica Bank has launched its seventh annual Prom Dress Drive from March 24 to April 18, 2025, supporting community partner Jackets for Jobs. Nine banking centers across Metro Detroit will serve as collection sites for new or gently used dresses and accessories.

Last year's four-week drive collected a record 2,600 dresses, contributing to Comerica's total of over 10,000 dresses donated throughout six previous drives. The initiative partners with Jackets for Jobs, a Detroit-based nonprofit celebrating its 25th anniversary, which focuses on career development and providing professional clothing.

Following last year's success, Comerica expanded its impact by hosting the first annual Homecoming Dress Boutique giveaway in September. This year's Prom Dress Boutique will be held April 25-27 at the Samaritan Center in Detroit.

Comerica Bank and Iron Mountain Incorporated announce the return of Shred Day Houston on April 5, 2025, from 8 a.m. to 3 p.m. at Comerica's Mangum Banking Center. The free event offers secure shredding of sensitive documents for individuals, small businesses, and nonprofits, with no paper limit.

The initiative, led by Houston Market President Jason Baker, combines document security with environmental sustainability, as all shredded paper will be recycled. Additionally, the event supports the Houston Food Bank through food and monetary donations, particularly beneficial for young Houstonians during summer vacation when free meal assistance is unavailable.

Since its inception in 2013, Shred Day Houston has successfully destroyed and recycled over one million pounds of paper while providing more than 410,000 meals for area residents facing hunger.

Comerica Bank and TechTown Detroit announce the 13th annual Comerica Hatch Detroit Contest, offering $100,000 in startup funding to entrepreneurs planning to open brick-and-mortar stores in Detroit, Hamtramck, or Highland Park. Applications open March 3-April 4, 2025.

Comerica Bank and Comerica Charitable Foundation have increased their total support to $200,000 this year, up $50,000 from previous years. Since 2012, they have invested over $1.3 million in the program.

The contest includes two rounds of public voting to select Top 10 and Top 4 entrepreneurs, culminating in the Hatch Off on June 11 where finalists present their business plans. Previous winners include G.L.A.M. Body Scrubs (2024), Bouncing Around The Motor City (2023), and Little Liberia (2022). Hatch Detroit alumni have opened more than 50 businesses, employing over 500 people and investing more than $7 million in their businesses.

Comerica Bank has received multiple Coalition Greenwich Awards in 2025, highlighting its excellence in serving small business and middle market clients. The bank earned six distinct recognitions, including four awards in Small Business Banking for values in long-term relationships, advisory capabilities, relationship manager satisfaction, and trust. Additionally, Comerica secured two awards in Middle Market Banking for relationship manager satisfaction, both nationally and in the Western region.

According to Peter Sefzik, Comerica Chief Banking Officer, the bank's success stems from its focus on fostering deep relationships with customers and understanding their banking needs. The Coalition Greenwich Awards, considered the gold standard in banking, are based on interviews with business decision-makers and evaluate service quality and product excellence.

Comerica (NYSE: CMA) has announced its latest dividend declarations. The Board of Directors declared a quarterly cash dividend of $0.71 per share for common stock shareholders, payable on April 1, 2025, with a record date of March 14, 2025.

Additionally, the company declared a dividend of $1,406.25 per share ($14.0625 per depositary share) on Series A Non-Cumulative Perpetual Preferred Stock, also payable April 1, 2025, to shareholders of record as of March 14, 2025.

Comerica, headquartered in Dallas, Texas, operates through three business segments: Commercial Bank, Retail Bank, and Wealth Management. The company maintains 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with total assets of $79.3 billion as of December 31, 2024.