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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

95.25USD
23 Jan 2018
Change (% chg)

$0.04 (+0.04%)
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Latest Key Developments (Source: Significant Developments)

Comerica Inc Posts Q4 Earnings 63 Cents Per Share
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Comerica Inc ::QTRLY EARNINGS PER SHARE $0.63 PER DILUTED SHARE‍​.QTRLY NET INTEREST INCOME $545 MILLION VERSUS $455 MILLION LAST YEAR.QTRLY PROVISION FOR CREDIT LOSSES $17 MILLION VERSUS $35 MILLION.- QUARTER-END COMMON EQUITY TIER 1 CAPITAL RATIO 11.55 PERCENT VERSUS 11.09 PERCENT LAST YEAR.- Q4 & FY 2017 RESULTS WERE IMPACTED BY A $107 MILLION CHARGE TO ADJUST DEFERRED TAXES DUE TO ENACTMENT OF TAX CUTS AND JOBS ACT.COMERICA- IN QUARTER, GRANTED ABOUT 4,500 COLLEAGUES ONE-TIME BONUS OF $1,000, RAISED MINIMUM WAGE TO $15 PER HOUR, WHICH IMPACTS OVER 700 EMPLOYEES.SEES PROVISION FOR CREDIT LOSSES OF 15 TO 25 BASIS POINTS AND NET CHARGE-OFFS TO REMAIN LOW FOR FULL-YEAR 2018‍​.COMERICA-SEES FULL-YEAR 2018 BENEFIT FROM 2017 RATE INCREASES TO BE $110 MILLION - $125 MILLION, ASSUMING 20 TO 40 PERCENT DEPOSIT BETA FOR DECEMBER RATE INCREASE.- QTRLY ADJUSTED EARNINGS PER SHARE $1.28.Q4 EARNINGS PER SHARE VIEW $1.21 -- THOMSON REUTERS I/B/E/S.  Full Article

Owl Rock Capital Says Entered Agreement With Comerica Bank ‍On Jan 2 - SEC Filing
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Comerica Inc ::OWL ROCK CAPITAL SAYS ‍ON JANUARY 2, 2018, CO ENTERED INTO AGREEMENT WITH COMERICA BANK - SEC FILING.OWL ROCK - ‍COMERICA AGREED TO PROVIDE A $50 MILLION COMMITMENT THROUGH ACCORDION FEATURE IN CO'S SUBSCRIPTION CREDIT FACILITY, DATED AUG 1, 2016​.  Full Article

Comerica Increases Minimum Wage To $15/Hour To 4,500 Non-Officer Colleagues
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Comerica Inc ::COMERICA ANNOUNCES INCREASE IN ITS MINIMUM WAGE TO $15 PER HOUR AND $1,000 BONUS TO 4,500 NON-OFFICER COLLEAGUES.COMERICA - INCREASE IN MINIMUM WAGE, ONE-TIME BONUS MADE POSSIBLE BY TAX REFORM BILL PASSED BY U.S. CONGRESS, SIGNED BY PRESIDENT ON DEC 22, 2017.  Full Article

‍Chefs Plate Announces $10M In New Funding
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - ‍CHEFS PLATE ::‍CHEFS PLATE ANNOUNCES $10M IN NEW FUNDING, CLOSE OF SERIES C ROUND OF FINANCING FROM ACTON CAPITAL, EMIL CAPITAL, INVESTECO CAPITAL, COMERICA BANK​.SAYS SECURED $20M IN TOTAL FUNDING SINCE LAUNCH​.  Full Article

Comerica CFO ‍David Duprey intends to resign from his role on or around January 23, 2018
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Comerica Inc :Comerica - ‍David Duprey intends to resign from his role as CFO of co on or around January 23, 2018​.Comerica Inc - ‍Muneera Carr will succeed Duprey as executive vice president and CFO of co.  Full Article

Comerica Inc sees Q4 restructuring expenses of about $15 mln - presentation slides
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc sees restructuring expenses of about $15 million in Q4 - presentation slides.  Full Article

Comerica Inc Q3 income per common share $1.26‍​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc - qtrly diluted income per common share $1.26‍​.Comerica Inc - qtrly net interest income $‍​546 million versus $450 million last year.Comerica Inc - qtrly provision for credit losses $ 24 million versus $16 million.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 ‍​percent versus 10.69 percent last year.Comerica inc - now expect 2019 results will include a benefit of $305 million as a result of gear up initiative.Q3 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Comerica - excluding restructuring charges, tax benefits from employee stock transactions, adjusted eps $1.27 for third quarter 2017‍​.Comerica inc - "as far as hurricanes in Texas and Florida, credit impact is expected to be manageable"‍​.Comerica Inc - expects Q4 net interest income to reflect lower nonaccrual interest recoveries, partially offset by loan growth‍​.  Full Article

Comerica extends closure of Florida banking centers, offices
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Comerica Inc ::Comerica extends closure of Florida banking centers and offices as Hurricane Irma approaches landfall.  Full Article

Comerica CEO Babb's 2016 total compensation was $9.9 mln
Tuesday, 14 Mar 2017 

Comerica Inc :CEO Ralph Babb's FY 2016 total compensation was $9.9 million versus $6.9 million in FY 2015 - SEC filing.  Full Article

Appaloosa LP takes share stake in American Airlines, Comerica
Tuesday, 14 Feb 2017 

Appaloosa LP: Appaloosa LP takes share stake of 1.3 million shares in American Airlines Group Inc . Appaloosa LP takes share stake of 1.2 million shares in Comerica Inc - Sec Filing .Appaloosa LP - change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

Comerica tops profit estimates as interest income jumps

Comerica Inc beat analysts' forecasts for fourth-quarter profit on Tuesday as the U.S. regional lender earned higher interest income.