Comerica Stock Price, News & Analysis

Comerica (NYSE: CMA) has appointed James Johnson as Senior VP, Director of Retail Risk Management & Operations, and Theresa Bazan as Senior VP, Director of Sales Enablement. Johnson, with over 15 years of experience in risk management, will oversee risk processes across the Retail Bank. Bazan, having led Central/South Texas markets, will enhance solutions for small business and consumer clients. These appointments aim to align operational initiatives with evolving retail banking demands, indicating Comerica's strategic focus on improving customer service and operational efficiency.

Comerica Incorporated (NYSE: CMA) has launched a redesigned corporate logo and website, marking a significant evolution in its brand identity. The new logo features a modern design with three ribbons symbolizing its Commercial Bank, Retail Bank, and Wealth Management segments. This redesign reflects Comerica's 173-year legacy, according to Chief Experience Officer Jim Weber. Over the next year, the company will gradually update its marketing materials and signage to align with the new branding, which will also enhance user experience on its digital platforms.

Comerica Incorporated (NYSE: CMA) will participate in the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 2:15 p.m. CT. Key executives attending include James Herzog (CFO), Megan Crespi (EVP), and Darlene Persons (Director of Investor Relations). A live audio webcast and presentation slides will be accessible on the Investor Relations page. A replay will be available for six months after the event.

Comerica Bank is hosting its annual Shred Day on June 11, 2022, at its Livonia Operations Center, offering free document shredding and electronics recycling from 8 a.m. to 1 p.m. This event, held for the first time since 2019, aims to protect the community from identity theft and fraud. In 2019, 111,000 pounds of documents and 14,000 pounds of electronics were recycled. Participants are encouraged to donate non-perishable food items to Gleaners Community Food Bank to support local families in need. For more details visit www.comerica.com/ShredDay.

Comerica Incorporated (NYSE: CMA) has appointed Dave Galbreath as the new Florida Market President, succeeding David Kunik, who will focus on retail operations. Galbreath, a seasoned banker since 1994, will continue overseeing the National Dealer Services Southeast and Texas loan groups while enhancing community development efforts. Under his leadership, Comerica aims for continued growth in Florida, where it operates several banking centers. As of March 31, 2022, Comerica had total assets of $89.2 billion.

Comerica Incorporated (NYSE: CMA) announced its upcoming earnings release and conference call schedule. The second quarter 2022 earnings call will take place on July 20, 2022, at 7 a.m. CT. Future calls for the third and fourth quarters of 2022, as well as the first and second quarters of 2023, are also scheduled. These events will provide insights into the company’s financial performance and strategy. For live access, visit the Investor Relations section on Comerica's website.

The deadline for the 2022 Comerica Hatch Detroit Contest is approaching, with entrepreneurs needing to submit their business plans by May 12 for a chance to win $100,000 to establish a retail storefront. This contest, supporting businesses in Detroit, Highland Park, and Hamtramck, includes public voting to select finalists, culminating in a pitch event on July 21. The program aims to promote small business development and has already helped launch 49 businesses since its inception, generating significant economic impact in the area.

Comerica Incorporated (NYSE: CMA) has appointed Tory Sherman as the Senior Vice President and National Director of Sales and Execution for Wealth Management, reporting to Greg Carr. Sherman aims to enhance growth initiatives and strengthen partnership execution within the enterprise. With over 25 years in the industry, he has held significant positions at Wells Fargo, leading teams to rapid growth. As of March 31, 2022, Comerica reported total assets of $89.2 billion.

Comerica Bank has expanded its Environmental Services Department (ESD) by launching a new Renewable Energy Solutions group, led by Matt Breight, to enhance its renewable energy business. This initiative builds on Comerica's experience in financing renewable energy projects, including solar and wind, alongside its established waste and recycling services. As of March 31, 2022, Comerica reported $1.8 billion in green loans, a 52% increase year-over-year. The bank aims to align credit resources and drive growth in green loans while maintaining its commitment to sustainability.