Comerica Stock Price, News & Analysis

Comerica Incorporated (NYSE: CMA) announced the appointment of Kelly Gage as Senior Vice President, Director of Investor Relations, effective Sept. 1, 2022. She succeeds Darlene Persons, who will retire on April 1, 2023. Gage, a long-time employee, has extensive knowledge of the company and its strategy, and she will focus on articulating Comerica's value proposition to investors. Comerica reported total assets of $86.9 billion as of June 30, 2022.

Comerica (NYSE: CMA) will participate in the Barclays Global Financial Services Conference on Sept. 13, 2022, at 11 a.m. CT. Key executives including CEO Curt Farmer and CFO Jim Herzog will represent the company. Additionally, the third quarter 2022 earnings call is scheduled for Oct. 19, 2022, at 7 a.m. CT, with details available on the Investor Relations website. The company, based in Dallas, Texas, operates across several states and offers a range of financial services through its Commercial Bank, Retail Bank, and Wealth Management segments.

Comerica Incorporated (NYSE: CMA) has appointed Joe Ursuy as Executive Vice President for National Businesses focused on Energy, Renewables, and Waste. Reporting to Mike Ritchie, he will handle large relationships in recycling, renewable energy, and waste sectors. The Environmental Services Department, which Ursuy founded, has seen a 42% increase in green loans, totaling $2 billion as of June 30, 2022. Ursuy, a veteran with 24 years in financial services, holds degrees in economics and an MBA, emphasizing Comerica's commitment to sustainability and industry leadership.

Comerica Incorporated (NYSE: CMA) has appointed Linda Nosegbe as the new Vice President, National Community Impact Manager, reporting to Irvin Ashford Jr., Chief Community Officer. Nosegbe will lead initiatives focused on community impact investments, including support for Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). In 2021, Comerica originated over 700 community loans totaling more than $2.5 billion aimed at affordable housing and economic development. With nearly 25 years in banking, Nosegbe has significant experience in community initiatives.

Comerica Incorporated (NYSE: CMA) has appointed Corey Bailey as Executive Vice President, Head of Middle Market & Business Banking, reporting to Peter Sefzik, Executive Vice President, Commercial Bank. This restructuring enhances Comerica's focus on its commercial lending businesses and recent expansions into North Carolina and Colorado. Bailey, a 25-year veteran of Comerica, will lead segments that offer various financial products nationwide, aiming to strengthen relationship banking and business solutions for clients.

Comerica Bank has promoted Mike Ritchie to Executive Vice President, Head of National and Specialty Businesses, and Steve Davis to Michigan Market President. Ritchie, a Comerica veteran since 1991, will leverage his 31 years of expertise to enhance national growth. Davis, who joined in 1992, will oversee business engagement in Michigan. Both leaders bring over 60 years of experience to their new roles, aiming to strengthen customer relationships and drive regional growth. Comerica continues to serve the Michigan market with a focus on community impact and its 173-year history.

Comerica (NYSE: CMA) has appointed Allysun Fleming as the new Executive Vice President of Payments, consolidating all payments-related operations under her leadership. Reporting to Peter Sefzik, Fleming's role aims to enhance digital payment services and meet customer demands across various business lines. With over 18 years in financial services, she brings extensive experience from Wells Fargo and HSBC. This strategic alignment reflects Comerica's commitment to optimizing its offerings, driven by investments in payment solutions and a vision to deepen customer value.

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of 68 cents per share, payable on October 1, 2022, to shareholders on record by September 15, 2022. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock was announced, also payable on October 1, 2022. Comerica reported total assets of $86.9 billion as of June 30, 2022.