Comerica Stock Price, News & Analysis

The Comerica Michigan Economic Activity Index rose by 2.2% annualized in the three months ending August, reflecting a 4.0% increase year-over-year. Although the Index has slowed recently, five of its nine components improved, including rising employment and decreasing unemployment claims. Auto production reached an annualized pace of 10.33 million units, the highest since November 2020. However, house prices fell for the third month, with expectations for a slowing economy as rising interest rates impact sectors like housing and commercial real estate.

The Board of Directors of Comerica declared a quarterly cash dividend of $0.68 per share for common stock, payable on January 1, 2023, to shareholders of record by the close of business on December 15, 2022. Additionally, a dividend of $1,406.25 per share on the Series A Non-Cumulative Perpetual Preferred Stock is also declared, with the same payment date and record date. Comerica, a financial services company based in Dallas, reported total assets of $84.1 billion as of September 30, 2022.

Comerica Incorporated (NYSE: CMA) announced its third quarter 2022 financial results, which are available on its Investor Relations website. The company is set to host a conference call on October 19, 2022, at 7 a.m. CT to discuss these results. Comerica operates through three main segments: Commercial Bank, Retail Bank, and Wealth Management, primarily in Texas, Arizona, California, Florida, and Michigan. The firm emphasizes building relationships to support businesses and individuals. For more details, visit their Investor Relations page.

On October 29, 2022, Comerica Bank and Iron Mountain will host Shred Day Phoenix, offering free secure document shredding from 8 a.m. to 2 p.m. at Capitol Mall. The event aims to raise awareness about identity theft and hunger, with St. Mary's Food Bank collecting donations on-site. Since its inception in 2014, Shred Day has recycled over 715,000 pounds of paper and provided nearly 465,000 meals. Comerica emphasizes community investment and sustainable practices, being recognized as one of the World's Most Socially Responsible Banks by Newsweek in 2022.

The Comerica Bank Women's Business Symposium will return in-person on October 27, 2022, at the Irving Convention Center, Dallas/Fort Worth. This event aims to empower women in business to Learn, Connect, Grow & Celebrate their potential, featuring inspiring speakers including Aimée Mullins and Laura Harris as moderator. With its fourth year, the symposium has engaged thousands of attendees, enhancing networking and learning opportunities. Proceeds will support the Texas Women's Foundation. Comerica reported total assets of $86.9 billion as of June 30, 2022.

Comerica Bank is collaborating with the National College Resources Foundation (NCRF) to host the Detroit Black College Expo™ on September 24, 2022. This event is designed to connect high school students and families with college opportunities, providing waived application fees and on-the-spot scholarship offers from participating colleges. Attendees can also engage in informative seminars on various topics related to college financing and career paths. This initiative supports NCRF's mission to enhance college accessibility for underrepresented students.

Comerica Bank has established a new South Dallas Business Banking Team to enhance financial services in the region. Led by Derric Hicks, the team includes Trent Sampson, Jerry Collazo, and Adriana Najera, who will focus on providing access to capital for underserved entrepreneurs and small businesses. With a commitment to fostering community relationships, the team aims to bridge the financial gap in Dallas. Comerica reported total assets of $86.9 billion as of June 30, 2022, and operates in multiple states including Texas, Arizona, California, Florida, and Michigan.

Comerica (NYSE: CMA) announced its plans for a new Business & Innovation Hub in Frisco, Texas, set to open between late 2023 and early 2024. This hub will be located in a new office tower at The Star and will accommodate around 300 employees across various teams. The development emphasizes collaboration and enhanced technology, including an innovation center. This strategic expansion aims to better meet customer needs and attract top talent while complementing the existing headquarters in Dallas. Total assets reported as of June 30, 2022, stood at $86.9 billion.

Comerica Bank and the Detroit Lions are set to surpass $100,000 in total community support through the Comerica Bank Lions First Down Program during the 2022 NFL season. Each Lions first down at Ford Field earns $100 for local nonprofits, marking the 1,000th first down contribution since the program's inception. This season features 10 organizations receiving support, with a total of $89,900 having been contributed since 2017. The initiative emphasizes community impact and long-lasting partnerships.