Comerica Stock Price, News & Analysis

The Board of Directors of Comerica Incorporated (NYSE: CMA) has declared a quarterly cash dividend of 68 cents per share for common stock, payable on April 1, 2022. Shareholders of record as of March 15, 2022 will be eligible to receive this dividend. Additionally, a dividend of $1,406.25 per share has been declared on the Series A Non-Cumulative Perpetual Preferred Stock, also payable on April 1, 2022. As of December 31, 2021, Comerica reported total assets of $94.6 billion.

Comerica Incorporated (NYSE: CMA) will participate in the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 10:20 a.m. CT. Key company representatives, including CFO James Herzog, will present. Additionally, Comerica will hold its first quarter 2022 financial results conference call on April 20, 2022, at 7:00 a.m. CT. Interested parties can access the live webcast and additional information through the company's Investor Relations page. Relevant materials will also be available on the SEC website.

Comerica Incorporated has appointed Jenae Anderson as the new Head of Commercial Banking, reporting to Arizona Market President Steve Richins. With over 25 years of banking experience, including 13 years at a national bank, Anderson will oversee commercial lending and community engagement in Colorado. Her prior role involved leading the Middle Market banking team across Colorado, Wyoming, and Montana, and spearheading strategies for minority-owned businesses. Comerica, headquartered in Dallas, reported total assets of $94.6 billion as of December 31, 2021.

Comerica Incorporated announces the appointment of Derric Hicks as the Group Manager for its new South Dallas Business Banking team, effective February 15, 2022. Hicks, with over 20 years of banking experience, will focus on serving women- and minority-owned businesses while collaborating with community organizations. Dallas Market President Amanda Mahaney expressed confidence in Hicks’ expertise and community relationships, emphasizing Comerica's commitment to equitable economic development in South Dallas. Comerica reported total assets of $94.6 billion as of December 31, 2021.

Comerica Incorporated (NYSE: CMA) has appointed William Adams as Senior Vice President and Chief Economist, effective Jan. 24, 2022. He succeeds Robert Dye, who is retiring on Jan. 28, 2022. Adams brings a decade of experience from The PNC Financial Group, where he focused on economic analysis and forecasting. He will lead Comerica's Economics Department, impacting key markets and offering insights during these uncertain economic times. Comerica reported total assets of $94.6 billion as of Dec. 31, 2021.

Comerica Incorporated (NYSE: CMA) announced its fourth quarter 2021 financial results on January 19, 2022. Detailed results can be accessed via the Investor Relations section of their website. The company is set to host a conference call to discuss the financial results at 9 a.m. CT / 10 a.m. ET on the same day. Comerica operates through three segments: Commercial Bank, Retail Bank, and Wealth Management, with locations primarily in Texas, Arizona, California, Florida, and Michigan.

Delix Therapeutics announced the closure of over $30 million in convertible note financing, primarily led by existing investors, and a $10 million Strategic Credit Facility with Comerica Bank. This funding aims to enhance Delix's drug development programs, including psychoplastogens for mental health disorders. CEO Mark Rus emphasized the strong investor support and the potential of their non-hallucinogenic compounds. The firm previously secured $70 million in Series A funding in September 2021 to advance its lead candidates through clinical trials.

Comerica Incorporated (NYSE: CMA) has announced the establishment of a new Office of Corporate Responsibility, appointing Wendy Bridges as Executive Vice President and Director. This initiative aims to centralize efforts in environmental, social, and governance (ESG) initiatives, reflecting Comerica's commitment to community service and diversity. Bridges will enhance collaboration within the bank and oversee key areas such as Corporate Sustainability. Comerica has been recognized nationally for its ESG efforts, including being listed among Newsweek's Most Responsible Companies and Forbes' Best Employers for Women.