Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Floridaand Michigan, with select businesses operating in several other states, as well as in Canadaand Mexico.
Company profile
Ticker
CMA
Exchange
Website
CEO
Curtis C. Farmer
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
B&G Tax Equity Partnership, LLC • Briel Farm Solar, LLC • Cass & Co. • Comerica Assurance Ltd. • Comerica Bank (d.b.a. Comerica - Technology • Comerica Capital Advisors Incorporated • Comerica Financial Incorporated • Comerica Holdings Incorporated • Comerica Insurance Group, Inc. • Comerica Insurance Services, Inc. ...
IRS number
6021
CMA stock data
Analyst ratings and price targets
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
13 Mar 23
DEF 14A
Definitive proxy
13 Mar 23
ARS
2022 FY
Annual report to shareholders
13 Mar 23
8-K
Regulation FD Disclosure
6 Mar 23
8-K
American Airlines’ Derek Kerr and United Way of Metropolitan Dallas’ Jennifer Sampson Appointed to the Comerica Incorporated Board of Directors
28 Feb 23
10-K
2022 FY
Annual report
14 Feb 23
8-K
Departure of Directors or Certain Officers
25 Jan 23
8-K
Results of Operations and Financial Condition
19 Jan 23
8-K
Regulation FD Disclosure
2 Dec 22
8-K
Departure of Directors or Certain Officers
14 Nov 22
Transcripts
CMA
Earnings call transcript
2022 Q4
19 Jan 23
CMA
Earnings call transcript
2022 Q3
19 Oct 22
CMA
Earnings call transcript
2022 Q2
20 Jul 22
CMA
Earnings call transcript
2022 Q1
20 Apr 22
CMA
Earnings call transcript
2021 Q4
19 Jan 22
CMA
Earnings call transcript
2021 Q3
20 Oct 21
CMA
Earnings call transcript
2021 Q2
21 Jul 21
CMA
Earnings call transcript
2021 Q1
20 Apr 21
CMA
Earnings call transcript
2020 Q4
19 Jan 21
CMA
Earnings call transcript
2020 Q3
20 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 6.28 bn | 6.28 bn | 6.28 bn | 6.28 bn | 6.28 bn | 6.28 bn |
| Cash burn (monthly) | (no burn) | 1.37 bn | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 4.00 bn | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 2.28 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 1.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
84.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 561 |
| Opened positions | 75 |
| Closed positions | 84 |
| Increased positions | 177 |
| Reduced positions | 219 |
| 13F shares | Current |
|---|---|
| Total value | 7.27 tn |
| Total shares | 111.12 mm |
| Total puts | 277.60 k |
| Total calls | 482.30 k |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 17.06 mm | $1.14 tn |
| BLK Blackrock | 12.17 mm | $813.43 bn |
| STT State Street | 7.82 mm | $528.07 bn |
| IVZ Invesco | 4.98 mm | $333.12 bn |
| FMR | 4.68 mm | $313.01 bn |
| BK Bank Of New York Mellon | 3.26 mm | $218.04 bn |
| Charles Schwab Investment Management | 3.15 mm | $210.59 bn |
| Geode Capital Management | 2.74 mm | $182.07 bn |
| King Luther Capital Management | 2.48 mm | $165.73 bn |
| Alliancebernstein | 2.40 mm | $160.74 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Feb 23 | James J Herzog | Common Stock | Payment of exercise | Dispose F | No | No | 70.1 | 3,759 | 263.51 k | 32,409 |
| 28 Feb 23 | James J Herzog | Common Stock | Grant | Acquire A | No | No | 0 | 9,549 | 0.00 | 36,168 |
| 28 Feb 23 | Von E Hays | Common Stock | Payment of exercise | Dispose F | No | No | 70.1 | 221 | 15.49 k | 14,280 |
| 28 Feb 23 | Von E Hays | Common Stock | Grant | Acquire A | No | No | 0 | 907 | 0.00 | 14,501 |
| 28 Feb 23 | Farmer Curtis C | Common Stock | Payment of exercise | Dispose F | No | No | 70.1 | 14,308 | 1.00 mm | 196,619 |
| 28 Feb 23 | Farmer Curtis C | Common Stock | Grant | Acquire A | No | No | 0 | 36,360 | 0.00 | 210,927 |
| 28 Feb 23 | Melinda A. Chausse | Common Stock | Payment of exercise | Dispose F | No | No | 70.1 | 1,345 | 94.28 k | 45,817 |
| 28 Feb 23 | Melinda A. Chausse | Common Stock | Grant | Acquire A | No | No | 0 | 3,521 | 0.00 | 47,162 |
| 28 Feb 23 | Megan D Burkhart | Common Stock | Payment of exercise | Dispose F | No | No | 70.1 | 2,370 | 166.14 k | 41,835 |
| 28 Feb 23 | Megan D Burkhart | Common Stock | Grant | Acquire A | No | No | 0 | 6,021 | 0.00 | 44,205 |
News
These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
24 Mar 23
Truist Securities Maintains Buy on Comerica, Lowers Price Target to $54
23 Mar 23
Moody's Warns Of 'Rapid Deterioration' In Banking Environment, Evaluates Comerica, Western Alliance And More
14 Mar 23
KeyCorp, Comerica And Fifth Third Bancorp Shares Are Rising: What's Going On?
14 Mar 23
Moody's Places 6 US Banks Under Review For Downgrade — Is Your Lender In This List?
14 Mar 23
Press releases
Learn, Connect, Grow & Celebrate at the Comerica Bank Women's Business Symposium April 13
27 Mar 23
Comerica Bank Boosts Small Business Banking Division With New Regional Leadership Positions
14 Mar 23
Tickets Available Now: Comerica Hatch Detroit Contest; Top 10 Reveal and Hatch Off with Winner Announced
9 Mar 23
Comerica Bank Names Jeff Banks Senior Vice President, Chief Data and Analytics Officer
6 Mar 23
Comerica Bank Selects Ameriprise Financial as its New Investment Program Provider
3 Mar 23