Comerica Inc logo

Comerica Inc CMA

Market Closed
14 Jun, 20:00
46. 82
After Hours
47. 00
+0.18 +0.38%
6.39B Market Cap
6.27 P/E Ratio
2.84% Div Yield
1,521,800 Volume
7.56 Eps
$ 48.18
Previous Close
Day Range
46.24 47.32
Year Range
37.4 57.39

CMA Chart

Comerica Inc Profile

Banks - Regional Industry
Financial Services Sector
Mr. Curtis Chatman Farmer CEO
NYSE Exchange
US2003401070 ISIN
US Country
7,619 Employees
- Last Dividend
5 Jan 1993 Last Split
26 Mar 1990 IPO Date


Comerica Incorporated, a financial services company, has been facilitating a broad spectrum of financial products and services through its subsidiaries. Operating in a diversified structure, it caters to various sectors including commercial, retail, wealth management, and finance. Originally known as DETROITBANK Corporation, its roots date back to 1849, marking a long-standing presence in the financial industry. The company transitioned to its current name in July 1982, highlighting its evolution and growth over the years. Headquartered in Dallas, Texas, Comerica has expanded its operational reach to include key states within the United States such as Texas, California, Michigan, Arizona, and Florida, alongside an international footprint in Canada and Mexico.

Products and Services

Comerica Incorporated's diverse range of financial products and services is classified into four main segments:

  • Commercial Bank: This segment is tailored for small to middle market businesses, multinational corporations, and governmental entities. It includes:
    • Commercial loans and lines of credit for business expansion and operational needs.
    • Deposits, offering various savings and investment options.
    • Cash management services to optimize cash flow.
    • Payment solutions, card services, and capital market products.
    • International trade finance, letters of credit, foreign exchange management services, and loan syndication.
  • Retail Bank: Catering to individuals, this segment provides:
    • Consumer lending programs including installment loans, credit cards, student loans, and mortgage originations.
    • Consumer deposit gathering, offering an array of saving and checking accounts.
    • Home equity lines of credit and residential mortgage loans for personal homeownership and financial flexibility.
  • Wealth Management: This segment offers comprehensive services for affluent, high-net worth and ultra-high-net worth individuals, families, business owners, executives, and institutional clients, which include:
    • Financial planning to align financial goals with actual outcomes.
    • Trust and fiduciary services for asset protection and legacy planning.
    • Investment management and advisory services for wealth accumulation and preservation.
    • Brokerage services to facilitate trading and investments.
    • Private banking for personalized financial services.
    • Business transition planning to ensure smooth succession and business continuity.
  • Finance: This segment is dedicated to managing the company's securities portfolio, asset, and liability management activities, ensuring balanced financial health and securing the interests of stakeholders.

Contact Information

Address: Comerica Bank Tower, Dallas, TX, United States, 75201-6404
Phone: 833-571-0486