comerica incorporated (nyse: cma) is a financial services company headquartered in dallas, texas, strategically aligned by the business bank, the retail bank, and wealth management. the business bank provides companies of all sizes with an array of credit and non-credit financial products and services. the retail bank delivers personalized financial products and services to consumers. wealth management serves the needs of high net worth clients and institutions. comerica’s nearly 9,000 colleagues focus on relationships, and helping people and businesses be successful. comerica operates in seven of the 10 largest u.s. cities, with 480 banking centers in its primary markets of texas, arizona, california, florida and michigan. select businesses operate in several other states, as well as in canada and mexico. comerica is among the 22 largest u.s. banking companies, with $69.2 billion in total assets at december 31, 2014. visit comerica's facebook page at facebook.com/comericacares or
Company profile
Ticker
CMA
Exchange
Website
CEO
Curtis C. Farmer
Employees
Incorporated
Location
Fiscal year end
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
Latest filings (excl ownership)
8-K
First Quarter 2024 Net Income of $138 Million, $0.98 Per Share
18 Apr 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEFA14A
Additional proxy soliciting materials
13 Mar 24
ARS
2023 FY
Annual report to shareholders
11 Mar 24
DEFA14A
Additional proxy soliciting materials
11 Mar 24
DEF 14A
Definitive proxy
11 Mar 24
8-K
Regulation FD Disclosure
5 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Departure of Directors or Certain Officers
15 Feb 24
S-3ASR
Automatic shelf registration
9 Feb 24
Transcripts
CMA
Earnings call transcript
2024 Q1
18 Apr 24
CMA
Earnings call transcript
2023 Q4
19 Jan 24
CMA
Earnings call transcript
2023 Q3
20 Oct 23
CMA
Earnings call transcript
2023 Q2
21 Jul 23
CMA
Earnings call transcript
2023 Q1
20 Apr 23
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
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
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 | |||||
Net profit margin | |||||
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) | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn |
Cash burn (monthly) | 703.67 mm | (no burn) | (no burn) | (no burn) | 59.33 mm | (no burn) |
Cash used (since last report) | 4.78 bn | n/a | n/a | n/a | 402.94 mm | n/a |
Cash remaining | 3.33 bn | n/a | n/a | n/a | 7.71 bn | n/a |
Runway (months of cash) | 4.7 | n/a | n/a | n/a | 129.9 | n/a |
Institutional ownership, Q3 2023
79.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 504 |
Opened positions | 76 |
Closed positions | 63 |
Increased positions | 176 |
Reduced positions | 173 |
13F shares | Current |
---|---|
Total value | 4.31 tn |
Total shares | 105.17 mm |
Total puts | 5.60 mm |
Total calls | 1.34 mm |
Total put/call ratio | 4.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.20 mm | $673.16 bn |
BLK Blackrock | 12.25 mm | $509.00 bn |
STT State Street | 6.69 mm | $282.81 bn |
First Trust Advisors | 4.91 mm | $204.19 bn |
Alliancebernstein | 3.67 mm | $152.64 bn |
Charles Schwab Investment Management | 3.29 mm | $136.89 bn |
IVZ Invesco | 3.10 mm | $128.70 bn |
Geode Capital Management | 2.94 mm | $121.93 bn |
MS Morgan Stanley | 2.91 mm | $120.94 bn |
North Reef Capital Management | 2.88 mm | $119.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Megan D. Cresi | Common Stock | Payment of exercise | Dispose F | No | No | 50.85 | 399 | 20.29 k | 39,287 |
29 Mar 24 | James Mcgregor Carr | Common Stock | Payment of exercise | Dispose F | No | No | 54.99 | 385 | 21.17 k | 29,361 |
26 Feb 24 | Michael T Ritchie | Common Stock | Payment of exercise | Dispose F | No | No | 48.97 | 3,858 | 188.93 k | 36,976 |
26 Feb 24 | Michael T Ritchie | Common Stock | Grant | Acquire A | No | No | 0 | 8,610 | 0.00 | 40,834 |
26 Feb 24 | Christine M Moore | Common Stock | Payment of exercise | Dispose F | No | No | 48.97 | 2,343 | 114.74 k | 27,901 |
26 Feb 24 | Christine M Moore | Common Stock | Grant | Acquire A | No | No | 0 | 5,092 | 0.00 | 30,244 |
26 Feb 24 | Mauricio A Ortiz | Common Stock | Payment of exercise | Dispose F | No | No | 48.97 | 664 | 32.52 k | 11,825 |
26 Feb 24 | Mauricio A Ortiz | Common Stock | Grant | Acquire A | No | No | 0 | 1,687 | 0.00 | 12,489 |
News
Morgan Stanley Maintains Equal-Weight on Comerica, Maintains $53 Price Target
22 Apr 24
Piper Sandler Maintains Neutral on Comerica, Raises Price Target to $54
19 Apr 24
RBC Capital Maintains Outperform on Comerica, Raises Price Target to $62
19 Apr 24
UBS Maintains Neutral on Comerica, Lowers Price Target to $55
19 Apr 24
Stephens & Co. Reiterates Overweight on Comerica, Maintains $64 Price Target
19 Apr 24
Press releases
Comerica Declares Common and Preferred Stock Dividends
22 Apr 24
Comerica Reports First Quarter 2024 Earnings Results
18 Apr 24
$100,000 Comerica Hatch Detroit Contest by TechTown announces Top 10 semifinalist businesses
11 Apr 24
Comerica Bank Earns 2024 Top Workplaces USA Award by Energage
21 Mar 24
Comerica Bank Appoints Tim Maiden as Group Manager of Southern Dallas Business Banking Team
14 Mar 24