Comerica Stock Price, News & Analysis

Comerica Bank will launch its gomerica Mobile Bank in Naples, Florida, on September 27, 2021. This mobile banking service aims to enhance accessibility for underbanked communities, featuring a Banker Connect Interactive Teller Machine (ITM) capable of live customer support. Operating hours include 1 to 4 p.m. for staff and 9 a.m. to 4:30 p.m. for the ITM. A ribbon-cutting ceremony is set for September 29. The initiative reflects Comerica's commitment to financial education and community support.

Comerica Bank's California Economic Activity Index rose to 118.3 in July, marking a 27.6% increase from its historical low in June 2020. This index has improved by 1.6% in July, reaching gains for the thirteenth consecutive month. Key sub-indexes showing growth include nonfarm employment and house prices. The index is expected to remain strong with a projected increase in August. However, challenges persist as federal unemployment benefits decline, though 111,000 net new jobs have been created monthly since February. International travel to the U.S. is set to resume in November.

Comerica Bank's Texas Economic Activity Index rose to 125.6 in July, a 0.2% increase after June's 1.9% gain. This marks the index's fifth consecutive month of growth, with July readings 26.6% above the low set in June 2020. Notably, seven out of nine sub-components showed growth, including nonfarm employment and housing starts. However, challenges remain with falling auto sales and decreased state sales tax revenues. The index is still slightly below February 2020's pre-COVID level of 126.2.

Comerica Bank's Michigan Economic Activity Index rose to 107.6 in July, marking a 25.4% increase from the historical low of 85.8 in June 2020. This is the eighth consecutive monthly gain, nearing the pre-COVID level of 109.2 from February 2020. Six out of nine sub-indices improved, including nonfarm employment and house prices. However, challenges persist with a tightening labor market and supply chain constraints. As of June 30, 2021, Comerica reported total assets of $88.4 billion.

The Comerica Bank Women’s Business Symposium will take place virtually on October 21, 2021. Registration is priced at $30. This event aims to empower women in business and supports nonprofits like Alternatives For Girls and Genesis Women's Shelter. Notable speakers include Liz Jenkins from Hello Sunshine and Col. Nicole Malachowski, a pioneer in aviation. With over 15 years of engagement, the symposium continues to provide valuable networking and developmental opportunities for women in various industries.

Comerica Bank has achieved a prestigious five-star rating for governance in the 2021 HACR Corporate Inclusion Index, reflecting its strong commitment to Hispanic diversity and inclusion. The index, led by the Hispanic Association on Corporate Responsibility, benchmarks corporate practices in employment, procurement, philanthropy, and governance. This recognition underscores Comerica's dedication to fostering a diverse workforce, which aims to enhance customer service and community engagement. With total assets reported at $88.4 billion as of June 30, 2021, Comerica continues to prioritize Hispanic representation in its corporate culture.

On September 14, 2021, 313 Presents announced a partnership with Comerica Bank, designating it as the exclusive presenting partner of the renowned Fox Theatre in Detroit. This collaboration aims to enhance youth empowerment through community initiatives and will also offer exclusive benefits for Comerica cardholders starting in 2022. The partnership builds on Comerica's historical commitment to Detroit, which spans over 172 years. The Fox Theatre, a National Historic Landmark, hosts a variety of performances, emphasizing its cultural significance in the city.

Comerica Bank and the Detroit Lions are continuing their partnership with the fifth-year launch of the Lions First Down Program, which will convert each first down at home games into $100 for community partners. Starting with the Lions' season opener on September 12, funds will benefit organizations like the Detroit Police Athletic League. Over the past four years, this initiative has contributed $71,200 to local charities, aiming to enhance community development while fostering local pride during the football season.