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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

68.98USD
14 Dec 2018
Change (% chg)

$-0.65 (-0.93%)
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Latest Key Developments (Source: Significant Developments)

Comerica Inc Says On October 18, Co Entered Accelerated Share Repurchase Pact To Repurchase $500 Mln common stock
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Comerica Inc ::COMERICA INC SAYS ON OCTOBER 18, CO ENTERED INTO ACCELERATED SHARE REPURCHASE AGREEMENT TO REPURCHASE $500 MILLION - SEC FILING.  Full Article

Comerica Bank's Texas Index Climbs Further
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - COMERICA BANK: :COMERICA BANK'S TEXAS INDEX CLIMBS FURTHER.COMERICA BANK SAYS ITS TEXAS ECONOMIC ACTIVITY INDEX INCREASED 0.7 POINTS IN MAY TO 134.7.  Full Article

Comerica Reports Qtrly Adjusted Earnings Per Share $1.90
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Comerica Inc ::COMERICA REPORTS SECOND QUARTER 2018 EARNINGS RESULTS.COMERICA REPORTS SECOND QUARTER 2018 NET INCOME OF $326 MILLION, $1.87 PER SHARE.QTRLY NET INTEREST INCOME $590 MILLION VERSUS $500 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $1.90.QTRLY PROVISION FOR CREDIT LOSSES WAS A BENEFIT OF $29 MILLION .COMMON EQUITY TIER 1 CAPITAL RATIO AT QUARTER-END 11.90 PERCENT VERSUS 11.98 PERCENT AT END OF Q1.SEES MODERATE GROWTH IN AVERAGE LOANS & NET INTEREST INCOME HIGHER IN 2018 SECOND-HALF.EXPECTS FOR H2 2018 PROVISION FOR CREDIT LOSSES OF $10 MILLION TO $20 MILLION PER QUARTER AND NET CHARGE-OFFS TO REMAIN LOW.EXPECTS FOR H2 2018 NONINTEREST EXPENSES MODESTLY HIGHER (EXCLUDING RESTRUCTURING CHARGES) PRIMARILY DUE TO ADDITIONAL DAYS.Q2 EARNINGS PER SHARE VIEW $1.64 -- THOMSON REUTERS I/B/E/S.  Full Article

Comerica Reports Q2 Adjusted Earnings Per Share $1.90
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Comerica Inc ::COMERICA REPORTS SECOND QUARTER 2018 EARNINGS RESULTS.COMERICA REPORTS SECOND QUARTER 2018 NET INCOME OF $326 MILLION, $1.87 PER SHARE.COMERICA INC QTRLY NET INTEREST INCOME $590 MLN VS $500 MLN.COMERICA INC QTRLY ADJUSTED EARNINGS PER SHARE $1.90.COMERICA INC QTRLY PROVISION FOR CREDIT LOSSES $29 MLN .COMERICA INC - COMMON EQUITY TIER 1 CAPITAL RATIO AT QTR-END 11.90 PCT VS 11.98 PCT AT END OF Q1.COMERICA INC SEES MODERATE GROWTH IN AVERAGE LOANS & NET INTEREST INCOME HIGHER IN 2018 SECOND-HALF.COMERICA INC - EXPECTS FOR H2 2018 PROVISION FOR CREDIT LOSSES OF $10 MILLION TO $20 MILLION PER QUARTER AND NET CHARGE-OFFS TO REMAIN LOW.COMERICA INC - EXPECTS FOR H2 2018 NONINTEREST EXPENSES MODESTLY HIGHER (EXCLUDING RESTRUCTURING CHARGES) PRIMARILY DUE TO ADDITIONAL DAYS.COMERICA INC <<>> Q2 SHR VIEW $1.64 -- THOMSON REUTERS I/B/E/S.  Full Article

Comerica Declares Qtrly Cash Dividend For Common Stock Of 34 Cents Per Share
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Comerica Inc ::COMERICA ANNOUNCES DIVIDEND INCREASE AND RESULTS FROM ANNUAL SHAREHOLDERS' MEETING.COMERICA INC - DECLARED QUARTERLY CASH DIVIDEND FOR COMMON STOCK OF 34 CENTS PER SHARE, A 13 PERCENT INCREASE FROM PRIOR QUARTER.  Full Article

Comerica Inc - Qtrly Earnings Per Share $1.59
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Comerica Inc ::COMERICA INC - QTRLY EARNINGS PER SHARE $1.59.COMERICA INC QTRLY ADJUSTED NET INCOME OF $1.54 PER SHARE.COMERICA INC - QTRLY PROVISION FOR CREDIT LOSSES $12 MILLION VERSUS $16 MILLION REPORTED LAST YEAR.COMERICA INC - QTRLY NET INTEREST INCOME $549 MILLION VERSUS $470 MILLION REPORTED LAST YEAR.COMERICA INC - QUARTER-END COMMON EQUITY TIER 1 CAPITAL RATIO OF 11.96 PERCENT VERSUS 11.55 PERCENT.COMERICA INC - EXPECTS GROWTH IN AVERAGE LOANS IN LINE WITH REAL GROSS DOMESTIC PRODUCT IN 2018.  Full Article

Comerica CEO Ralph Babb's 2017 Total Compensation Was $12.1 Mln Vs. $9.9 Mln
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Comerica Inc ::COMERICA INC SAYS CHAIRMAN AND CEO RALPH BABB JR'S FY 2017 TOTAL COMPENSATION WAS $12.1 MILLION VERSUS $9.9 MILLION IN FY 2016 - SEC FILING.  Full Article

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

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Federal Reserve unveils proposal to ease regulations for larger banks

WASHINGTON The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses.