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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 Bank is supporting the Belle Isle Aquarium with a $10,000 contribution, enabling free access every Thursday in August and aiding in building restoration. The bank's assistance includes supporting the Belle Isle Conservancy's 120th-anniversary celebration on August 18 and organizing a park cleanup on August 10 through its Comerica Cares volunteer program.
The aquarium, recently ranked as America's most beautiful, will extend its hours to 10 a.m. - 4 p.m., Thursday through Sunday until August 29. This initiative aligns with Comerica's community commitment, having contributed over $49 million to philanthropic organizations since January 2019, with employees volunteering more than 320,000 hours.
As Comerica celebrates its 175th anniversary, this partnership underscores its long-standing dedication to Detroit's community and historical landmarks.
Comerica Incorporated (NYSE: CMA) has declared quarterly dividends for both common and preferred stockholders. Common stock shareholders will receive $0.71 per share, payable on Oct. 1, 2024, to those on record as of Sept. 13, 2024. Preferred stock shareholders will receive $1,406.25 per share ($14.0625 per depositary share) on the same dates.
Comerica Bank, a subsidiary of Comerica Incorporated, is celebrating its 175th anniversary this year. Founded in 1849 in Detroit, it has grown into one of the 25 largest commercial U.S. financial holding companies. The bank operates 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with recent expansions into North Carolina and Colorado. Comerica reported total assets of $79.6 billion as of June 30, 2024.
Comerica Incorporated (NYSE: CMA) has released its second quarter 2024 financial results. The detailed report is available on Comerica's Investor Relations website and will be filed with the SEC on Form 8-K. Comerica will host a conference call on Friday, July 19, 2024, at 7 a.m. CT / 8 a.m. ET to review the results. Interested parties can access the call via phone or webcast. The live audio webcast, earnings release, and presentation will be accessible on Comerica's website. While specific financial figures are not provided in this announcement, investors and analysts can expect a comprehensive overview of Comerica's performance during the earnings call.
Comerica Bank will host its 15th annual Shred Day on June 15 at its new Great Lakes Campus in Farmington Hills. The event offers free document shredding and electronics recycling services in partnership with Iron Mountain and Information Systems Resources. It aims to help residents, small businesses, and non-profits securely dispose of sensitive documents and electronics while also fighting hunger through food donations to Gleaners Community Food Bank. The event will run from 8 a.m. to 1 p.m. Last year, Shred Day generated roughly 13,000 meals and collected 1,600 pounds of food and $3,900 in cash.
Comerica (NYSE: CMA) will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, featuring presentations by CFO James Herzog, Chief Banking Officer Peter Sefzik, and Director of Investor Relations Kelly Gage. Additionally, Comerica will review its Q2 2024 earnings on a conference call scheduled for July 19, 2024. The financial institution celebrates its 175th anniversary this year, operates over 400 banking centers, and reported total assets of $79.4 billion as of March 31, 2024. Both the conference and earnings call will be webcast live, with replays available for at least 10 days via their Investor Relations page.
Comerica Bank has been named one of the 50 Most Community-Minded Companies in the U.S. by Points of Light for the ninth consecutive year. This accolade highlights Comerica's dedication to corporate citizenship, marking its 10th recognition in the Civic 50 program's 12-year history. In 2023, Comerica volunteers logged over 79,000 hours of community service and exceeded a $5 billion small business lending commitment, impacting more than 15,000 businesses. Additionally, the bank's financial education initiatives benefited over 105,000 individuals, and its new BusinessHQ in Dallas aims to support underserved communities with vital resources.
Comerica Incorporated (NYSE: CMA) has announced the earnings release dates for 2025, with quarterly financial results to be released on specific dates throughout the year. The company will host conference calls for each quarter's results, providing additional information at a later date. Comerica Bank, celebrating its 175th anniversary this year, is a leading financial services company with a focus on building relationships and success. Comerica operates in multiple states, with total assets of $79.4 billion as of March 31, 2024.
Comerica (NYSE: CMA) has announced its 2025 quarterly earnings release dates. The 2025 earnings will be reported on January 22 (Q4 2024), April 21 (Q1 2025) - a correction from April 18, July 18 (Q2 2025), and October 17 (Q3 2025). The earnings conference calls will be held on these dates at 7 a.m. CT/8 a.m. ET. Financial results and presentations will be available via Form 8-K on the SEC's website.
Comerica Bank, celebrating its 175th anniversary, is headquartered in Dallas, Texas, with over 400 banking centers across several states and international offices in Canada and Mexico. As of March 31, 2024, the company reported total assets of $79.4 billion.
G.L.A.M. Body Scrubs emerged victorious, winning the $100,000 Comerica Hatch Detroit Contest by TechTown. The organic skincare business plans to open a brick-and-mortar store in Detroit with technical assistance from TechTown. With a focus on natural body scrubs, G.L.A.M. Body Scrubs aims to create jobs for underserved individuals, including victims of domestic violence and human trafficking, and returning citizens. Owner Tiffany Cartwright, a certified woman- and minority-owned entrepreneur, started the business in 2018 to address her daughter's eczema. The $100,000 grant from Comerica Bank will help establish the new store in the Rosedale Park community. Alongside the winner, three runner-up finalists also received grants to support their storefront openings.
Comerica Bank appointed Floyd Kessler as the new Executive Vice President, Chief Business Risk and Controls Officer. Kessler brings 18 years of risk management experience from USAA and will lead the transformation of risk and control functions across all revenue divisions. Comerica aims to establish robust risk culture for future growth.
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