Welcome to our dedicated page for Comerica news (Ticker: CMA), a resource for investors and traders seeking the latest updates and insights on Comerica stock.
Comerica Incorporated news covers a former financial services company whose Comerica Bank subsidiary operated through The Commercial Bank, The Retail Bank and Wealth Management. Company updates included banking-center activity, community programs, Community Reinvestment Act reviews, operating and financial results, and capital-structure matters tied to its common stock and depositary shares.
Coverage also reflects Comerica's completed merger-related corporate-status changes, including material agreements, shareholder voting matters, governance disclosures, legal claims involving employment practices, and the transition of its public-company reporting and exchange-listed securities.
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.
Comerica Incorporated (NYSE: CMA) appointed Dharmesh Patel as Executive Vice President, Director of Retail Business Services, effective May 3, 2022. Reporting to Cassandra McKinney, Patel will centralize Comerica's service areas, enhancing execution and performance. He has a robust banking background, previously serving as Operational Excellence and Transformation Executive at Truist Bank, and has over 12 years of experience at Ernst & Young. Comerica, headquartered in Dallas, reported total assets of $89.2 billion as of March 31, 2022, and is focused on customer relationships across multiple states.
Comerica Bank has appointed Sineria Ordóñez as the National Hispanic Business Development Manager, enhancing its commitment to serving Hispanic communities in five states: California, Texas, Michigan, Arizona, and Florida. Currently a Vice President, Ordóñez will collaborate with various internal teams to strengthen community ties and expand business relationships. With a focus on fostering new partnerships, she aims to support the growing Hispanic demographic. Comerica reported total assets of $89.2 billion as of March 31, 2022.
Comerica Incorporated (NYSE: CMA) has declared a quarterly cash dividend of $0.68 per share, payable on July 1, 2022, to shareholders of record by June 15, 2022. Additionally, a dividend of $1,406.25 per share on its Series A Preferred Stock is also set for payment on the same date. During its annual shareholder meeting, new directors were elected and Ernst & Young LLP was ratified as the independent auditor. As of March 31, 2022, Comerica reported total assets of $89.2 billion.
Comerica Incorporated (NYSE: CMA) announced its first quarter 2022 financial results on April 20, 2022. The results can be accessed on the company's Investor Relations website. Comerica will host a conference call on the same day at 7 a.m. CT to discuss its financial performance. The company's operations span across Texas, Arizona, California, Florida, and Michigan, and it serves clients in Canada and Mexico through its Commercial, Retail, and Wealth Management segments.
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