Welcome to our dedicated page for Comerica Incorporated news (Ticker: CMA), a resource for investors and traders seeking the latest updates and insights on Comerica Incorporated stock.
Comerica Incorporated (NYSE: CMA) is a prominent financial services company headquartered in Dallas, Texas. The company is strategically aligned by three main business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica is renowned for its emphasis on relationship-based banking, aimed at helping individuals and businesses achieve success.
The Commercial Bank provides companies of all sizes with an extensive range of credit and non-credit financial products and services. The Retail Bank offers personalized financial products and services to individual consumers, while Wealth Management caters to high net worth clients and institutions, ensuring their financial goals are met with precision.
Comerica operates across seven of the ten largest cities in the United States, with 480 banking centers situated in key markets including Texas, Arizona, California, Florida, and Michigan. The company also has a presence in Canada and Mexico, thereby broadening its geographical footprint and service reach.
Founded 175 years ago in Detroit, Michigan, Comerica has grown to become one of the 25 largest commercial U.S. financial holding companies. As of December 31, 2023, Comerica reported total assets worth $85.8 billion. The company continues to expand into new regions such as the Southeast Market based in North Carolina, and the Mountain West Market in Colorado, underscoring its commitment to growth and community service.
Comerica's recent achievements include the launch of its new Frisco Business & Innovation Hub in North Texas, which offers free coworking space for small business customers. Additionally, Comerica has invested $100,000 in the Network for Teaching Entrepreneurship to support entrepreneurship education for under-resourced communities.
The company's financial health is robust, with quarterly financial results showing consistent growth. Comerica is also active in community service, hosting events like Shred Day to promote sustainability and fight hunger through partnerships with organizations such as Gleaners Community Food Bank.
For more information, visit Comerica's official website or follow them on social media platforms like Facebook, X (formerly known as Twitter), Instagram, and LinkedIn.
Comerica (NYSE: CMA) has appointed Allysun Fleming as the new Executive Vice President of Payments, consolidating all payments-related operations under her leadership. Reporting to Peter Sefzik, Fleming's role aims to enhance digital payment services and meet customer demands across various business lines. With over 18 years in financial services, she brings extensive experience from Wells Fargo and HSBC. This strategic alignment reflects Comerica's commitment to optimizing its offerings, driven by investments in payment solutions and a vision to deepen customer value.
The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of 68 cents per share, payable on October 1, 2022, to shareholders on record by September 15, 2022. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock was announced, also payable on October 1, 2022. Comerica reported total assets of $86.9 billion as of June 30, 2022.
Little Liberia has won the 2022 Comerica Hatch Detroit Contest, receiving a $100,000 prize to establish a brick-and-mortar location in Detroit. The competition, designed to foster business growth in the area, concluded with a live pitch event on July 21, 2022. Little Liberia aims to be Michigan's first Afro-fusion restaurant, showcasing authentic Liberian cuisine. Owner Ameneh Marhaba started with pop-up dinners in 2016 and draws inspiration from successful Hatch alumni. The contest highlights the entrepreneurial spirit in Detroit, with past winners opening 49 businesses and creating over 500 jobs.
Comerica Incorporated (NYSE: CMA) has announced its financial results for the second quarter of 2022. The report highlights the company's performance across its three business segments: the Commercial Bank, the Retail Bank, and Wealth Management. Comerica operates primarily in Texas, with additional locations in Arizona, California, Florida, and Michigan, as well as select operations in Canada and Mexico. The complete financial results will be discussed in a conference call scheduled for July 20, 2022, at 7 a.m. CT.
Comerica Incorporated (NYSE: CMA) announced updated information for its second quarter 2022 earnings conference call, scheduled for July 20, 2022 at 7 a.m. CT. Interested parties can join via dial-in at (877) 336-4440 or (409) 207-6984, and the event will also be accessible through a live audio webcast available on its Investor Relations page. A replay of the call will be available for one year post-event. Financial results will also be filed via Form 8-K with the SEC.
Comerica Incorporated (NYSE: CMA) released its 2021 Corporate Responsibility Report, highlighting significant progress in key areas. Over 50,000 individuals participated in financial education programs, with 380 small business bootcamps aiding 17,000 small businesses. The company reduced Scope 1 and 2 emissions by over 57%, surpassing its 2025 target. Additionally, Comerica committed $5 billion in lending for small businesses and $1.7 billion in loans for environmentally beneficial projects. The establishment of an Office of Corporate Responsibility aims to enhance collaboration for community and environmental initiatives.
Comerica Bank has appointed Vickie Cohn as the new Central and South Texas Retail Regional Director, replacing Theresa Bazan. Cohn, who has over 25 years in retail banking and has been with Comerica since 2009, will oversee the retail banking center network across Austin, Kerrville, Houston, and San Antonio. Her previous role involved managing the Houston North District. Cohn is known for her focus on employee development and customer service. Comerica, a subsidiary of Comerica Incorporated (NYSE: CMA), reported total assets of $89.2 billion as of March 31, 2022.
The Comerica Hatch Detroit Contest has named five finalists competing for a $100,000 grand prize, with public voting ongoing until July 8, 2022. The finalists include COLFETARIE, Detroit Farm and Cider, Gajiza Dumplins, Lily's & Elise, and Little Liberia. This year's competition features a unique opportunity for community members to support local entrepreneurs, with voting extending to allow greater public participation. The final event, the Hatch Off, will occur on July 21, 2022, where finalists will pitch their business plans to judges and a live audience.
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