Profile: Comerica Inc (CMA.N)
2 Dec 2016
Comerica Incorporated (Comerica), incorporated on November 13, 1972, is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Company offers a range of loans, which include commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans, residential mortgage loans and consumer loans. Comerica owns directly or indirectly over two active banking and over 40 non-banking subsidiaries. Comerica has total deposits of approximately $59.9 billion and total loans of approximately $49.1 billion. Comerica operates in three geographic markets, which include Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.
The Company's Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. Its products and services include commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.
The Company's Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. In addition to a range of financial services provided to small business customers, the Retail Bank segment offers a variety of consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans.
The Company's Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Wealth Management segment also offers the sale of annuity products, as well as life, disability and care insurance products.
The Finance segment includes the Company's securities portfolio and asset and liability management activities. This segment is responsible for managing its funding, liquidity and capital needs, performing interest sensitivity analysis and executing various strategies to manage the Company's exposure to liquidity, interest rate risk and foreign exchange risk.
1717 Main St # MC6404
DALLAS TX 75201-4612
Company Web Links
- BRIEF-Comerica appoints Michael Collins to its board
- BRIEF-Comerica sets quarterly cash dividend of $0.23 per share
- CORRECTED-BRIEF-Comerica to complete two-thirds of job cut target by 2016
- Comerica's profit rises as bad loan provision falls
- UPDATE 1-Comerica's profit rises as bad loan provision falls