Comerica Stock Price, News & Analysis

Nancy Flores has been appointed to the Comerica Incorporated Board of Directors, effective January 1, 2022. Currently serving as Chief Information and Technology Officer at McKesson Corporation, Flores brings over 25 years of technology leadership experience. She will be a member of the board's Enterprise Risk Committee. Comerica emphasizes that Flores’ expertise in regulatory, technology, and financial risk will strengthen the company. As of September 30, 2021, Comerica reported total assets of $94.5 billion, underscoring its stability in the financial services sector.

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of $0.68 per share on common stock, payable on Jan. 1, 2022, to shareholders of record by Dec. 15, 2021. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock will also be payable on the same date. As of Sept. 30, 2021, Comerica reported total assets of $94.5 billion. The company operates across various states and has a focus on strengthening relationships within its three business segments: Commercial Bank, Retail Bank, and Wealth Management.

Comerica Bank's California Economic Activity Index rose to 118.4 in August, 27.6% above the historical low of 92.8 from June 2020. This marks the fourteenth consecutive monthly gain, although the growth rate has slowed from a peak of 3.0% in May. Key components such as nonfarm employment and house prices improved, while factors like housing starts and hotel occupancy declined. The impact of COVID-19 and the end of enhanced unemployment benefits may affect future growth, with expectations for continued supply chain constraints into 2022.

Comerica Bank's Texas Economic Activity Index rose to 126.5 in August, a 0.3 percent increase over July, marking the sixth consecutive monthly gain. The index is 27.4 percent above the pandemic low of 99.3 in June 2020, reflecting recovery levels similar to pre-pandemic figures. Significant contributors included nonfarm payrolls and housing starts, while hotel occupancy and sales tax revenues declined. Texas has recovered 92 percent of jobs lost during the pandemic, with an unemployment rate of 5.6 percent, higher than the national average of 4.8 percent.

Comerica Bank's Michigan Economic Activity Index fell to 106.6 in August, a decline of 0.8 points, marking the first decrease since last November. The index remains 24.4% above its historical low of 85.7 in June 2020 but is significantly below its peak of May 2018. Only three of nine variables increased during August; the ongoing supply chain issues and labor shortages in manufacturing continue to hinder Michigan's economy. The state's unemployment rate stands at 4.6%, recovering from pandemic lows but still above the pre-pandemic rate of 3.7%.

Comerica Incorporated (NYSE: CMA) will participate in the BofA Securities 2021 Banking and Financials Conference on Wednesday, Nov. 10, 2021, at 1:30 p.m. CT. Key representatives include James Herzog, CFO, and Darlene Persons, Director of Investor Relations. The presentation will be available via live audio webcast on the Investor Relations page, with a replay accessible for six months post-event. Comerica, based in Dallas, Texas, serves clients across various states and in Canada and Mexico.

Comerica Bank has achieved the Best in Enterprise Resilience™ Certification Gold Tier from Everbridge, recognizing its robust Critical Event Management (CEM) program. This certification marks Comerica's commitment to readiness and resilience during critical events, following a thorough evaluation of its systems. The assessment highlighted strengths in Data & Analytics, Digital Transformation, Smart Process Automation, and Communication & Collaboration. As of September 30, 2021, Comerica reported total assets of $94.5 billion.

Comerica Incorporated (NYSE: CMA) announced its third quarter 2021 financial results on October 20, 2021. The results are accessible on its Investor Relations website. The company will hold a conference call on the same day at 7 a.m. CT to discuss these results, with access details provided. Comerica operates through three segments: Commercial Bank, Retail Bank, and Wealth Management, with locations primarily in Texas, Arizona, California, Florida, and Michigan. Additionally, Comerica has a presence in Canada and Mexico.