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.
Bouncing Around The Motor City has secured the $100,000 grand prize in the 2023 Comerica Hatch Detroit Contest held on April 26, 2023, at Wayne State University.
This funding will support the launch of a brick-and-mortar business in Detroit, where they will offer event planning, balloons, and decor.
Founder Cathryn Coleman, inspired by personal experiences, aims to revitalize a 26-year-vacant building. The victory followed public voting and presentations from four finalists.
Comerica Bank has committed nearly $1 million to the contest since its inception in 2012, reinforcing its support for local entrepreneurs and community growth.
On April 25, 2023, Comerica Incorporated (NYSE: CMA) announced a quarterly cash dividend of $0.71 per share for common stock, payable on July 1, 2023, to shareholders of record by June 15, 2023. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock will also be paid on the same date. During the annual shareholders meeting, Comerica's board members, including Nancy Avila and Jennifer H. Sampson, were elected for one-year terms. Shareholders ratified the appointment of Ernst & Young LLP as the independent auditor and approved an advisory proposal on executive compensation frequency.
Comerica, headquartered in Dallas, Texas, reported total assets of $91.1 billion as of March 31, 2023, and continues to expand its banking services across multiple states.
On April 20, 2023, Comerica reported its first quarter 2023 financial results, indicating a strategic focus on its three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica, based in Dallas, Texas, operates over 400 banking centers across various states, including Arizona, California, Florida, Michigan, and Texas. The company continues to expand its market presence, including new regions in North Carolina and Colorado. Stakeholders can access detailed financial results via the Investor Relations section of Comerica's website or through an SEC filing.
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