Comerica Stock Price, News & Analysis

Comerica Bank and TechTown Detroit announce the 13th annual Comerica Hatch Detroit Contest, offering $100,000 in startup funding to entrepreneurs planning to open brick-and-mortar stores in Detroit, Hamtramck, or Highland Park. Applications open March 3-April 4, 2025.

Comerica Bank and Comerica Charitable Foundation have increased their total support to $200,000 this year, up $50,000 from previous years. Since 2012, they have invested over $1.3 million in the program.

The contest includes two rounds of public voting to select Top 10 and Top 4 entrepreneurs, culminating in the Hatch Off on June 11 where finalists present their business plans. Previous winners include G.L.A.M. Body Scrubs (2024), Bouncing Around The Motor City (2023), and Little Liberia (2022). Hatch Detroit alumni have opened more than 50 businesses, employing over 500 people and investing more than $7 million in their businesses.

Comerica Bank has received multiple Coalition Greenwich Awards in 2025, highlighting its excellence in serving small business and middle market clients. The bank earned six distinct recognitions, including four awards in Small Business Banking for values in long-term relationships, advisory capabilities, relationship manager satisfaction, and trust. Additionally, Comerica secured two awards in Middle Market Banking for relationship manager satisfaction, both nationally and in the Western region.

According to Peter Sefzik, Comerica Chief Banking Officer, the bank's success stems from its focus on fostering deep relationships with customers and understanding their banking needs. The Coalition Greenwich Awards, considered the gold standard in banking, are based on interviews with business decision-makers and evaluate service quality and product excellence.

Comerica (NYSE: CMA) has announced its latest dividend declarations. The Board of Directors declared a quarterly cash dividend of $0.71 per share for common stock shareholders, payable on April 1, 2025, with a record date of March 14, 2025.

Additionally, the company declared a dividend of $1,406.25 per share ($14.0625 per depositary share) on Series A Non-Cumulative Perpetual Preferred Stock, also payable April 1, 2025, to shareholders of record as of March 14, 2025.

Comerica, headquartered in Dallas, Texas, operates through three business segments: Commercial Bank, Retail Bank, and Wealth Management. The company maintains 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with total assets of $79.3 billion as of December 31, 2024.

Comerica Bank and the Detroit Pistons are collaborating to support local businesses through the SHOP313 Pop-Up Shops initiative. Seven Metro Detroit small businesses will showcase their products and services at Little Caesars Arena during the Pistons vs. Celtics game on February 26, 2025.

Among the featured businesses is G.L.A.M. Body Scrubs, the 2024 winner of the Comerica Hatch Detroit Contest by TechTown, which received a $100,000 grand prize. The event also includes Busted Bra Shop, a 2013 contest semi-finalist that has expanded to multiple locations.

The initiative provides six businesses with space in the UWM District Market concourse for direct customer engagement, while a seventh business receives suite access for B2B networking. Additional SHOP313 Pop-Up Shop events are scheduled for March 11 and April 11, 2025.

Comerica Bank has appointed Troy Norris as its new Arizona Market President and Group Manager for Business Banking and Middle Market. In his dual role, Norris will oversee business and community development efforts while managing Middle Market & Business Banking relationship teams across Arizona.

Norris brings over 25 years of experience in banking, most recently serving as Director of Commercial and Industrial Lending at Arizona Bank & Trust for 17 years. His expertise includes managing commercial leaders and overseeing clients with revenues between $25 million-$200 million in the Greater Phoenix Metro area.

A U.S. Air Force veteran with a finance degree from the University of Nebraska, Norris is actively involved in community service through organizations like Chandler Compadres and Boys & Girls Clubs of the Valley.

Comerica (NYSE: CMA) has announced its participation in the 2025 RBC Capital Markets Global Financial Institutions Conference on March 5, 2025, at 7:40 a.m. CT. The company's Chief Financial Officer James Herzog, Chief Banking Officer Peter Sefzik, and Director of Investor Relations Kelly Gage will be participating.

Additionally, Comerica has scheduled its first quarter 2025 earnings conference call for April 21, 2025, at 7 a.m. CT. Both events will feature live audio webcasts and presentation slides available on Comerica's Investor Relations page.

As of December 31, 2024, Comerica reported total assets of $79.3 billion. The company operates 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with offices in 17 states, serving 14 of the 15 largest U.S. metropolitan areas.

The Detroit Pistons and Comerica Bank have announced SHOP313 Pop-Up Shops, a collaboration showcasing 28 Michigan-based small businesses during the 2024-25 NBA season starting January 31. During each designated game, seven Comerica Bank small business customers will participate, with six businesses receiving pop-up shop space in the UWM District Market concourse and one business getting suite access for B2B networking.

The initiative includes digital signage inside Little Caesars Arena and social media promotion. Events are scheduled for January 31, February 26, March 11, and April 11. The first seven participating businesses include Dynamic Roofing, Happy Deals , Rev'd Up Fun, SkinbarVII, Suburban Truck Driving School, The Alexis Company, and NYX Cleaning Services.

Comerica Bank is launching its 10th annual North Texas Prom Dress Drive this February across seven banking centers. The initiative aims to provide formal attire to teens served by Boys & Girls Clubs of Collin County, Dallas CASA, and Boys & Girls Clubs of Greater Dallas.

The bank has expanded its reach by adding two new locations in 2025: the Mockingbird-Abrams Banking Center in East Dallas and the Preston John Hickman Banking Center in Frisco. Project Beauty has joined as an official partner, offering beauty swag bags and complimentary prom night makeovers to three selected teens.

Since 2015, Comerica has donated nearly 6,600 dresses, including 380 in 2024. The drive accepts new or gently used formal dresses (including plus sizes 20 and up) and accessories. The campaign kicks off on Saturday at select locations operating from 9 a.m.-noon, with remaining locations beginning collections on February 3.

Comerica (NYSE: CMA) announced the release of its fourth quarter and full-year 2024 financial results. The company has made the results available on their Investor Relations website and will file them with the SEC via Form 8-K.

The company will host a conference call on Wednesday, January 22, 2025, at 7 a.m. CT / 8 a.m. ET to review the financial results. Interested parties can access the call through dial-in numbers (877) 484-6065 or (201) 689-8846. A live audio webcast, earnings release, and presentation will be available on Comerica's Investor Relations website.