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Comerica Incorporated - CMA STOCK NEWS

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.

News

Comerica Bank's North Texas Prom Dress Drive Returns in February

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Comerica Bank to host its ninth annual North Texas Prom Dress Drive, expanding its reach to benefit local teens served by Boys & Girls Clubs of Collin County, Dallas CASA, and Boys & Girls Clubs of Greater Dallas. Donations of new or gently used formal dresses and accessories can be dropped off at six participating banking centers in North Texas. Since 2016, Comerica has donated close to 6,210 dresses, including 625 in 2023, to these organizations.
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Comerica Bank's California Index's Growth Stalled in the Fall

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The Comerica California Economic Activity Index remained unchanged for two consecutive months through October, with a 1.6% increase from a year earlier. Employment rose by 34,500, but job growth has slowed, with continuing claims for unemployment insurance remaining elevated. Industrial electricity sales fell by 1.5% in October, and housing starts increased for the second consecutive month.
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Comerica Bank's Texas Index Rose in October

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The Comerica Texas Economic Activity Index increased by 5.3% annualized in the three months through October and was up 2.2% from a year earlier. The Texas labor market is cooling, with slower job growth and rising unemployment claims. Housing starts slumped by 4.7% in October, but house prices rose for the seventh consecutive month. Industrial electricity sales surged, while active oil drilling rigs fell sharply. Real GDP in Texas was up 5.7% in the first three quarters of last year, but high inflation and interest rates are likely to weigh on economic activity in 2024.
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Comerica Bank's Michigan Index Rebounded in October Despite the UAW Strike

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The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, but was still down 0.4% from a year earlier. Employment fell due to the United Auto Workers strike, but the labor market is expected to recover in early 2024. Auto production and housing starts showed mixed results, with housing prices rising sharply. Michigan's real GDP grew by 1.6% in 2022, below the national average. The state's economy is likely to slow along with the national economy in late 2023 and into 2024.
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Comerica Reports Fourth Quarter and Full-Year 2023 Earnings Results

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Comerica Incorporated (CMA) has released its fourth quarter and full-year 2023 financial results, available on its website and the SEC's website. The company will host a conference call to review the results, with details provided for interested parties.
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$100,000 Comerica Hatch Detroit Contest by TechTown returns to find Detroit's next winning brick-and-mortar small business

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Comerica Bank and TechTown Detroit announce the 12th annual Comerica Hatch Detroit Contest, offering $100,000 in startup funding to winning entrepreneurs. The contest aims to boost small business development in Detroit, Hamtramck, and Highland Park. Applications are open until February 16th, with the winner announced in the spring.
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Comerica Bank Exceeds Three-Year, $5 Billion Small Business Lending Commitment

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Comerica Bank (CMA) Exceeds $5 Billion Small Business Lending Commitment, Driving Small Business Banking Transformation and Growth
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Detroit Lions, Comerica Bank Collaboration Returns to "Double the Impact" for My Cause My Cleats Campaign

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Detroit Lions and Comerica Bank collaborate to match up to $100,000 in donations for F.A.R.M. (Family Assistance for Renaissance Men); Comerica contributes $10,000. The 'Double the Impact' campaign aims to encourage the community to donate to F.A.R.M. and support the rehabilitation and reuniting of fathers with their children. The Detroit Lions Foundation will match each dollar contributed up to $100,000. Comerica Bank is donating $10,000 to F.A.R.M. as part of the collaboration. The 'Double the Impact' campaign raised over $102,000 in 2022 for the Pure Heart Foundation. F.A.R.M. provides mentoring, education, skills training, legal assistance, and housing support to help men reunite with their children and strengthen families. The collaboration between the Lions and Comerica expands upon their existing partnership and community impact programs. Comerica has contributed approximately $128,000 to 35 community partners since 2017 through the Comerica First Down Program.
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Long-Term Investors in Comerica Incorporated (NYSE: CMA) Shares Should Contact the Shareholders Foundation in Connection with a Lawsuit

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Comerica Incorporated (NYSE:CMA) faces a lawsuit over alleged securities laws violations related to its Direct Express program. Investors who purchased shares prior to February 2021 and still hold them have options to consider.
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Comerica to Participate in Goldman Sachs 2023 US Financial Services Conference; Announces Details for Conference Call to Review Fourth Quarter 2023 Earnings

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Comerica Incorporated (CMA) will participate in the Goldman Sachs 2023 US Financial Services Conference on December 5, 2023, and has provided details for its fourth quarter 2023 earnings call on January 19, 2024. The conference will feature key executives including the Chairman, President & Chief Executive Officer, Chief Financial Officer, Chief Banking Officer, and Director of Investor Relations. Interested parties can access the live audio webcast and presentation slides on the Investor Relations Presentations and Events page on www.comerica.com. A replay of the call will also be available for at least 10 days. For the fourth quarter 2023 earnings conference call, participants can join the live audio webcast and access presentation slides on the same webpage. The call may include forward-looking statements.
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FAQ

What is the current stock price of Comerica Incorporated (CMA)?

The current stock price of Comerica Incorporated (CMA) is $68.92 as of November 15, 2024.

What is the market cap of Comerica Incorporated (CMA)?

The market cap of Comerica Incorporated (CMA) is approximately 9.2B.

What does Comerica Incorporated specialize in?

Comerica specializes in relationship-based commercial banking, offering services through three main segments: The Commercial Bank, The Retail Bank, and Wealth Management.

Where is Comerica Incorporated headquartered?

Comerica Incorporated is headquartered in Dallas, Texas.

How many banking centers does Comerica operate?

Comerica operates 480 banking centers across key U.S. markets including Texas, Arizona, California, Florida, and Michigan.

What are Comerica's recent achievements?

Recent achievements include launching the Frisco Business & Innovation Hub and investing in the Network for Teaching Entrepreneurship to support under-resourced communities.

How financially healthy is Comerica Incorporated?

As of December 31, 2023, Comerica reported total assets worth $85.8 billion, indicating robust financial health.

What community services does Comerica offer?

Comerica hosts community events like Shred Day for recycling and fighting hunger and partners with organizations such as Gleaners Community Food Bank.

How long has Comerica been in operation?

Comerica was founded 175 years ago in 1849, making it one of the longest-serving financial institutions in the U.S.

In which new regions is Comerica expanding?

Comerica is expanding into the Southeast Market based in North Carolina and the Mountain West Market in Colorado.

How can I stay updated with Comerica's latest news?

You can stay updated through Comerica's official website or by following them on Facebook, X (formerly known as Twitter), Instagram, and LinkedIn.

What is the focus of Comerica's Wealth Management segment?

Comerica's Wealth Management segment focuses on serving high net worth clients and institutions, helping them achieve their financial goals.

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Comerica Incorporated

NYSE:CMA

CMA Rankings

#903 Ranked by Market Cap
#719 Ranked by Dividends

CMA Stock Data

9.16B
131.51M
0.78%
83.9%
3.4%
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