Welcome to our dedicated page for Comerica Incorporated news (Ticker: $CMA), a resource for investors and traders seeking the latest updates and insights on Comerica Incorporated stock.
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The Comerica Texas Economic Activity Index increased by 5.3% annualized in the three months through October and was up 2.2% from a year earlier. The Texas labor market is cooling, with slower job growth and rising unemployment claims. Housing starts slumped by 4.7% in October, but house prices rose for the seventh consecutive month. Industrial electricity sales surged, while active oil drilling rigs fell sharply. Real GDP in Texas was up 5.7% in the first three quarters of last year, but high inflation and interest rates are likely to weigh on economic activity in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
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Rhea-AI Summary
The Comerica Michigan Economic Activity Index rose 7.2% annualized in the three months through October, but was still down 0.4% from a year earlier. Employment fell due to the United Auto Workers strike, but the labor market is expected to recover in early 2024. Auto production and housing starts showed mixed results, with housing prices rising sharply. Michigan's real GDP grew by 1.6% in 2022, below the national average. The state's economy is likely to slow along with the national economy in late 2023 and into 2024.
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Rhea-AI Sentiment
End-of-Day
0.54%
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Comerica Incorporated (CMA) has released its fourth quarter and full-year 2023 financial results, available on its website and the SEC's website. The company will host a conference call to review the results, with details provided for interested parties.
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End-of-Day
0.59%
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Comerica Bank and TechTown Detroit announce the 12th annual Comerica Hatch Detroit Contest, offering $100,000 in startup funding to winning entrepreneurs. The contest aims to boost small business development in Detroit, Hamtramck, and Highland Park. Applications are open until February 16th, with the winner announced in the spring.
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End-of-Day
-3.22%
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Comerica Bank (CMA) Exceeds $5 Billion Small Business Lending Commitment, Driving Small Business Banking Transformation and Growth
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End-of-Day
7.09%
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Detroit Lions and Comerica Bank collaborate to match up to $100,000 in donations for F.A.R.M. (Family Assistance for Renaissance Men); Comerica contributes $10,000. The 'Double the Impact' campaign aims to encourage the community to donate to F.A.R.M. and support the rehabilitation and reuniting of fathers with their children. The Detroit Lions Foundation will match each dollar contributed up to $100,000. Comerica Bank is donating $10,000 to F.A.R.M. as part of the collaboration. The 'Double the Impact' campaign raised over $102,000 in 2022 for the Pure Heart Foundation. F.A.R.M. provides mentoring, education, skills training, legal assistance, and housing support to help men reunite with their children and strengthen families. The collaboration between the Lions and Comerica expands upon their existing partnership and community impact programs. Comerica has contributed approximately $128,000 to 35 community partners since 2017 through the Comerica First Down Program.
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End-of-Day
3.4%
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Comerica Incorporated (NYSE:CMA) faces a lawsuit over alleged securities laws violations related to its Direct Express program. Investors who purchased shares prior to February 2021 and still hold them have options to consider.
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End-of-Day
0.31%
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Comerica Incorporated (CMA) will participate in the Goldman Sachs 2023 US Financial Services Conference on December 5, 2023, and has provided details for its fourth quarter 2023 earnings call on January 19, 2024. The conference will feature key executives including the Chairman, President & Chief Executive Officer, Chief Financial Officer, Chief Banking Officer, and Director of Investor Relations. Interested parties can access the live audio webcast and presentation slides on the Investor Relations Presentations and Events page on www.comerica.com. A replay of the call will also be available for at least 10 days. For the fourth quarter 2023 earnings conference call, participants can join the live audio webcast and access presentation slides on the same webpage. The call may include forward-looking statements.
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Rhea-AI Sentiment
End-of-Day
-0.3%
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Ameriprise Financial, Inc. (NYSE: AMP) and Comerica, Inc. (NYSE: CMA) have closed a strategic arrangement, with Ameriprise becoming Comerica's new investment program provider. This partnership, now known as Comerica Financial Advisors, powered by Ameriprise Financial, provides Comerica's 100 financial advisors with access to personalized advice, robust investment products, and digital capabilities.
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-0.37%
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Comerica Incorporated (NYSE: CMA) announces Brian Goldman as Senior Executive Vice President and Chief Risk Officer, succeeding Jay Oberg, who will retire in December 2024 after 32 years with Comerica. Goldman to oversee enterprise-wide risk operations, strategic planning, and emerging risks.
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Rhea-AI Sentiment
End-of-Day
-2.58%
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Comerica Incorporated
NYSE:CMA
CMA Rankings
CMA Stock Data
7.27B
131.33M
0.78%
82.19%
3.48%
Commercial Banking
Finance and Insurance
United States of America
DALLAS
About CMA
comerica incorporated (nyse: cma) is a financial services company headquartered in dallas, texas, strategically aligned by the business bank, the retail bank, and wealth management. the business bank provides companies of all sizes with an array of credit and non-credit financial products and services. the retail bank delivers personalized financial products and services to consumers. wealth management serves the needs of high net worth clients and institutions. comerica’s nearly 9,000 colleagues focus on relationships, and helping people and businesses be successful. comerica operates in seven of the 10 largest u.s. cities, with 480 banking centers in its primary markets of texas, arizona, california, florida and michigan. select businesses operate in several other states, as well as in canada and mexico. comerica is among the 22 largest u.s. banking companies, with $69.2 billion in total assets at december 31, 2014. visit comerica's facebook page at facebook.com/comericacares or