FKnol.com

Financial Knowledge & Information Portal

Comerica (CMA) Company Profile

Updated Sep 9, 2019
Comerica has the following business profile:
Company's Full Name:Comerica Inc.
Short Name:Comerica
Trading Ticker Symbol:CMA
Primary Exchange:NYSE
Headquarter City/Country:Dallas, Texas
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Comerica

The following details were available for trading and market data about the stock of Comerica as of writing:
Current Share Price:$63.21
Previous Year's Closing Price:$68.69
Percentage Price Change (YTD):-7.98%
Market Cap:$9.45 billion
52-week Price Range:$58.54 - $98.75
Dividend Per Share:$2.54
EPS (TTM):7.79
Price-Earnings (Trailing):8.11
Price-Earnings (Forward):8.25

Company Profile and Business Description for Comerica

Comerica Incorporated, incorporated on November 13, 1972, is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. In addition to a range of financial services provided to small business customers, this business segment offers a range of consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans.

The Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. This business segment also offers the sale of annuity products, as well as life, disability and long-term care insurance products. The Finance segment includes the Company's securities portfolio and asset and liability management activities. The Company operates in geographic markets, including Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.

Lending Activities

The Company offers a range of loans, including commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans and residential mortgage loans. Its commercial real estate loans comprise real estate construction loans and commercial mortgage loans. Real estate construction loans primarily include loans in the commercial real estate business line, which generally serves commercial real estate developers. Its commercial mortgage loans include commercial real estate business line and other business lines. Its international loans include banks and other financial institutions, and commercial and industrial loans. Its consumer loans include home equity and other consumer loans. As of December 31, 2016, the Company had total loans of approximately $49.1 billion.

The Company offers commercial loans to various business lines, including general middle market, national dealer services, energy, technology and life sciences, environmental services and entertainment. National dealer services primarily provides floor plan inventory financing to auto dealerships. Its energy business line is engaged in three divisions of the oil and gas business: exploration and production (E&P), midstream and energy services. The technology and life sciences business line serves two divisions: private equity and venture capital firms, referred to as equity fund services, and companies that are typically owned by venture-capital firms, where equity is invested to create products and build companies. Mortgage banker finance provides short-term and revolving lines of credit to independent mortgage banking companies.

Investing Activities

The Company's investing activities include investment securities available-for-sale and investment securities held-to-maturity. The Company's investment securities available-for-sale include the United States treasury and the other United States Government agency securities, residential mortgage-backed securities, state and municipal securities and equity and other non-debt securities. The equity and other non-debt securities include auction-rate preferred securities and, money market and other mutual funds. The investment securities held to maturity include residential mortgage-backed securities. As of December 31, 2016, the Company's total investment securities were $12.4 billion.

Sources of Funds

The Company's sources of funds include deposits and other short-term investments. The Company's deposits include noninterest-bearing deposits, money market and interest-bearing checking deposits, savings deposits, customer certificates of deposit and foreign office time deposits. Its Short-term borrowings primarily include federal funds purchased, short-term Federal Home Loan Bank (FHLB) advances, and securities sold under agreements to repurchase. Interest-bearing deposits with banks primarily include deposits with the Federal Reserve Board (FRB) and also include deposits with banks in developed countries or international banking facilities of foreign banks located in the United States. Other short-term investments include federal funds sold, trading securities and loans held-for-sale. As of December 31, 2016, the Company had total deposits of approximately $59 billion.

1717 Main St # MC6404

Peer / Competitor Companies of Major Banks Sector

Along with Comerica Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile  and Dividend History.

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile  and Dividend History.

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRVP): ....See Detailed Company Profile  and Dividend History.

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANFP): ....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Major Banks Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Sector

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Banks Sector

▶ Stocks of Business Services Sector

▶ Stocks of Commercial Banks Sector

▶ Stocks of Commercial Leasing Sector

▶ Stocks of Commercial REITs - NEC Sector

▶ Stocks of Consumer Finance Services Sector

▶ Stocks of Consumer Lending - NEC Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Diversified Financial Services Sector

▶ Stocks of Finance Companies Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Insurance Sector

▶ Stocks of Investment Bankers and Brokers Sector

▶ Stocks of Investment Funds Sector

▶ Stocks of Investment Managers Sector

▶ Stocks of Investors Services Sector

▶ Stocks of Life Insurance Sector

▶ Stocks of Major Banks Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Mortgage REITs Sector

▶ Stocks of Multiline Insurance and Brokers-NEC Sector

▶ Stocks of Office REITs Sector

▶ Stocks of Private Equity Sector

▶ Stocks of Property and Casualty Insurance-NEC Sector

▶ Stocks of Property Insurance Sector

▶ Stocks of Property-Casualty Insurers Sector

▶ Stocks of Real Estate Sector

▶ Stocks of REITs Sector

▶ Stocks of Savings Institutions Sector

▶ Stocks of Specialized REITs - NEC Sector

▶ Stocks of Specialty Insurers Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector