Profile: Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

46.03USD
19 Dec 2014
Price Change (% chg)

$-0.34 (-0.73%)
Prev Close
$46.37
Open
$46.44
Day's High
$47.10
Day's Low
$45.93
Volume
1,216,173
Avg. Vol
477,922
52-wk High
$53.49
52-wk Low
$42.73

Search Stocks

Comerica Incorporated (Comerica), incorporated on November 13, 1972, is a financial services company. The Company has three business segments: the Business Bank, the Retail Bank, and Wealth Management. Comerica operates in three primary geographic markets: Texas, California and Michigan. The Company’s business bank meets the needs of middle market businesses, multinational corporations and governmental entities by offering various products and services, including 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. As of December 31, 2012, Comerica owned directly or indirectly all the stock of two active banking and 49 non-banking subsidiaries.

The Company’s retail bank includes small business banking and personal financial services. The Services consists of consumer lending, consumer deposit gathering and mortgage loan origination. In addition to a full range of financial services provided to small business customers, this business 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 offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. This business segment also offers the sale of annuity products, as well as life, disability and long-term care insurance products.

Finance includes Comerica's securities portfolio and asset and liability management activities. This segment is responsible for managing Comerica's funding, liquidity and capital needs, performing interest sensitivity analysis and executing various strategies to manage Comerica's exposure to liquidity, interest rate risk and foreign exchange risk.

The Texas market consists of operations located in the state of Texas. The California market consists of the states of California, Colorado and Washington and also consisted of the state of Nevada. The Michigan market consists of operations located in the states of Michigan and Illinois. Michigan operations represent the majority of this geographic market. Other Markets include Florida, Arizona, the International Finance division, businesses with a national perspective, Comerica's investment management and trust alliance businesses as well as activities in all other markets in which Comerica has operations.

Company Address

Comerica Inc

1717 MAIN STREET, MC6404
DALLAS   TX   75201
P: +1214.4626831
F: +1302.4244866

Search Stocks