Welcome to our dedicated page for Comerica news (Ticker: CMA), a resource for investors and traders seeking the latest updates and insights on Comerica stock.
Comerica Incorporated (NYSE: CMA) generates a steady flow of news as a long-established financial services company in the commercial banking industry and as a merger partner in a pending combination with Fifth Third Bancorp. News coverage reflects both its ongoing banking activities and the significant corporate transaction that will, if completed, integrate Comerica into Fifth Third’s organization.
Recent headlines have focused on the definitive merger agreement between Comerica and Fifth Third, including the announcement of the all-stock transaction, subsequent updates on regulatory approvals, and the results of special shareholder meetings. SEC Form 8-K filings and joint press releases have reported key milestones such as entry into the merger agreement, approval by the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, and shareholder votes in favor of the deal.
In addition to merger-related developments, Comerica’s news includes earnings announcements, such as the release of quarterly financial results, and capital actions like declarations of dividends on its common stock and Series B preferred stock. The company has also reported on the issuance of its Series B preferred depositary shares and related regulatory filings.
Comerica’s communications highlight community and philanthropic initiatives across its geographic footprint. Examples include its partnership with the Detroit Lions on the "Double The Impact" My Cause My Cleats campaign to support Detroit-based nonprofit DBG, and contributions to organizations that provide technical assistance and micro-lending to women-owned small businesses during National Women’s Small Business Month.
Investors and observers following CMA news can expect updates on the progress and timing of the Fifth Third merger, regulatory and legal matters related to the transaction, periodic financial results, dividend declarations, and announcements about community partnerships and small business programs. This mix of corporate, regulatory and community-focused news provides context for understanding Comerica’s strategic direction and its role within the broader banking sector.
Comerica Incorporated (NYSE: CMA) has released its third quarter 2024 financial results. The detailed report is available on the company's Investor Relations website and will be filed with the SEC on Form 8-K. Comerica has scheduled a conference call to discuss the results on Friday, October 18, 2024, at 7 a.m. CT / 8 a.m. ET.
Interested parties can access the call via phone at (877) 484-6065 or (201) 689-8846. A live audio webcast, earnings release, and presentation will also be available on Comerica's website. The company's presentation may include forward-looking statements.
Comerica Bank and the Grand Rapids Griffins are partnering for a four-week food drive from Sept. 24 to Oct. 17 to support Kids' Food Basket (KFB) in West Michigan. Donors can earn ticket vouchers for Griffins' 2024-25 home games by dropping off non-perishable items from KFB's Wish List at participating Comerica banking centers. The initiative aims to reduce food insecurity and help nourish children to reach their full potential.
Last year's collaboration resulted in over 3,300 food items donated and $15,000 in charitable contributions. KFB serves about 10,000 meals daily to 60 schools across four counties. Since 2020, Comerica has contributed $43,500 to KFB's efforts. The total amount collected will be announced at the Griffins' game on Oct. 18.
Comerica Bank and the Detroit Lions are continuing their First Down Program for the eighth consecutive year, supporting local nonprofits during the 2024 NFL season. For every Lions first down at Ford Field, Comerica donates $100 to a selected organization. The program will benefit nine different nonprofits throughout the season, starting with ACCESS during the home opener against the Los Angeles Rams.
The Lions' offensive success in recent years has significantly boosted the program's impact. Since 2017, Comerica has contributed approximately $133,000 to about 35 local organizations through this initiative. In 2022, the program reached a milestone of 1,000 first downs, generating $100,000 for local charities.
This partnership aligns with Comerica's 175th anniversary of serving Michigan communities, highlighting its commitment to supporting local initiatives and fostering positive community impact.
Comerica Incorporated (NYSE: CMA) has announced its participation in the 2024 Barclays Global Financial Services Conference on Tuesday, Sept. 10, 2024. The company's presentation will begin at 8 a.m. CT / 9 a.m. ET. Key participants include Curt Farmer (Chairman, President and CEO), James Herzog (CFO), Peter Sefzik (Chief Banking Officer), and Kelly Gage (Director of Investor Relations).
Additionally, Comerica has scheduled its third quarter 2024 earnings call for Friday, Oct. 18, 2024. Investors can access the live audio webcast and presentation slides for both events on Comerica's Investor Relations Presentations and Events page at www.comerica.com.
Comerica Bank (NYSE: CMA) has officially opened its Great Lakes Campus in Farmington Hills, Michigan, marking a significant milestone in the bank's 175-year history. The 340,000-square-foot facility serves as Comerica's largest operations center, housing approximately 2,000 colleagues. The campus features state-of-the-art collaboration spaces, advanced technology, and employee-focused amenities. It reflects Comerica's commitment to Southeast Michigan and its vision for the future.
The campus includes two main buildings connected by a newly-constructed 21,000-square-foot Connector. It offers collaborative workspaces, wellness rooms, a fitness center, and a Tech Café. The design incorporates Comerica's core values and rich history as Michigan's longest-standing bank. As part of the opening celebration, Comerica made donations totaling $17,500 to local community organizations.
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.
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