Comerica Stock Price, News & Analysis

Comerica, in its fifth annual Prom Dress Drive, invites donations of dresses and accessories from April 3 to April 21 at 11 locations in Metro Detroit. This initiative, benefiting local nonprofit Jackets for Jobs, aims to support southeast Michigan students in need. Comerica will contribute donated dresses to help students attend prom, addressing clothing insecurity. Since 2017, the bank has provided over 5,300 dresses, including more than 900 last year. The partnership aims to empower local teens by providing them with professional attire for uplifting experiences.

On March 14, 2023, Comerica bolstered its Small Business Banking segment by appointing three new regional directors: Sandra Felegy, Brent Harraman, and Meghan Storey. This strategic move aims to enhance the bank's reach and effectiveness in small business communities across Texas, California, and Michigan. Additionally, Comerica plans to launch several digital solutions in 2023 that focus on streamlining payments and providing easier access to capital, including a new small business lending platform offering loans up to $100,000. The bank's investments in leadership and technology underline its commitment to supporting small businesses.

Comerica Incorporated (NYSE: CMA) announced on March 6, 2023, the appointment of Jeff Banks as Senior Vice President and Chief Data and Analytics Officer. Reporting to Megan Crespi, Banks will shape the enterprise data vision and establish a comprehensive data analytics program across Comerica’s operations. He will be based in Dallas and will transition to the new Business & Innovation Hub in Frisco upon its completion. Banks has extensive experience from his tenure at Meta and General Motors, focusing on data governance and management. Comerica reported total assets of $85.4 billion as of December 31, 2022.

Ameriprise Financial (NYSE: AMP) and Comerica Bank (NYSE: CMA) have formed a strategic partnership where Ameriprise will become Comerica's new investment program provider. This agreement includes transitioning specific insurance, brokerage, and investment advisory services to Ameriprise’s Financial Institutions Group. The transaction is set to close by year-end. Comerica’s wealth management division oversees approximately $195 billion in assets, with $18 billion managed by securities. This collaboration aims to enhance services for Comerica's financial advisors and boost client satisfaction through Ameriprise's technology and support.

Comerica Bank Women's Business Symposium will return to Greater Detroit on April 5, 2023, from 10 a.m.-3 p.m. ET at Ford Field, marking its first in-person event since 2019. The symposium aims to empower women in business through networking opportunities and keynote speakers, focusing on the theme 'Power Up Your Potential'. Notable speakers include Erica Dhawan and Cassandra Worthy, alongside a moderated panel discussion featuring prominent women leaders. Sponsorship funds will benefit Alternative for Girls, a nonprofit supporting homeless and high-risk young women. Comerica aims to foster economic growth and community support through this initiative.

Comerica Incorporated (NYSE: CMA) announced its participation in the 2023 RBC Capital Markets Global Financial Institutions Conference on March 7, 2023 at 9:40 a.m. CT. The company's Chief Financial Officer, James Herzog, and Director of Investor Relations, Kelly Gage, will represent Comerica. Additionally, Comerica updated its earnings call schedule for the first quarter of 2023, set for April 20, 2023 at 7 a.m. CT. Replay information for the call will be accessible for six months. The conference details, alongside financial results, will be filed on Form 8-K with the Securities and Exchange Commission.

On February 28, 2023, Comerica Incorporated announced the appointments of Derek Kerr and Jennifer Sampson to its Board of Directors. Kerr is the Vice Chair and Strategic Advisor at American Airlines Group and will join the Audit Committee, while Sampson is the President and CEO of United Way of Metropolitan Dallas, serving on the Enterprise Risk Committee. Both appointees bring extensive experience in their respective fields, with Kerr’s background in corporate finance and operational leadership and Sampson’s focus on community impact and resource development. This strategic move is aimed at enhancing the board's capabilities as Comerica continues to strengthen its operations.