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Comerica Inc (CMA.N)

CMA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Jumpcloud Secures $10M Credit Facility From Comerica
Wednesday, 5 Sep 2018 09:27am EDT 

Sept 5 (Reuters) - Comerica Inc ::JUMPCLOUD SECURES $10M CREDIT FACILITY FROM COMERICA.JUMPCLOUD- ENTERED INTO $10 MILLION CREDIT FACILITY WITH COMERICA.  Full Article

Comerica Bank Will Raise Prime Rate To 4.75 Pct
Wednesday, 21 Mar 2018 05:17pm EDT 

March 21 (Reuters) - Comerica Inc ::COMERICA BANK - WILL RAISE ITS PRIME RATE TO 4.75 PERCENT FROM 4.50 PERCENT.  Full Article

Comerica Files For Potential Mixed Shelf Offering
Friday, 16 Feb 2018 04:42pm EST 

Feb 16 (Reuters) - Comerica Inc ::COMERICA INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Comerica Inc Posts Q4 Earnings 63 Cents Per Share
Tuesday, 16 Jan 2018 06:47am EST 

Jan 16 (Reuters) - Comerica Inc ::QTRLY EARNINGS PER SHARE $0.63 PER DILUTED SHARE‍​.QTRLY NET INTEREST INCOME $545 MILLION VERSUS $455 MILLION LAST YEAR.QTRLY PROVISION FOR CREDIT LOSSES $17 MILLION VERSUS $35 MILLION.- QUARTER-END COMMON EQUITY TIER 1 CAPITAL RATIO 11.55 PERCENT VERSUS 11.09 PERCENT LAST YEAR.- Q4 & FY 2017 RESULTS WERE IMPACTED BY A $107 MILLION CHARGE TO ADJUST DEFERRED TAXES DUE TO ENACTMENT OF TAX CUTS AND JOBS ACT.COMERICA- IN QUARTER, GRANTED ABOUT 4,500 COLLEAGUES ONE-TIME BONUS OF $1,000, RAISED MINIMUM WAGE TO $15 PER HOUR, WHICH IMPACTS OVER 700 EMPLOYEES.SEES PROVISION FOR CREDIT LOSSES OF 15 TO 25 BASIS POINTS AND NET CHARGE-OFFS TO REMAIN LOW FOR FULL-YEAR 2018‍​.COMERICA-SEES FULL-YEAR 2018 BENEFIT FROM 2017 RATE INCREASES TO BE $110 MILLION - $125 MILLION, ASSUMING 20 TO 40 PERCENT DEPOSIT BETA FOR DECEMBER RATE INCREASE.- QTRLY ADJUSTED EARNINGS PER SHARE $1.28.Q4 EARNINGS PER SHARE VIEW $1.21 -- THOMSON REUTERS I/B/E/S.  Full Article

Owl Rock Capital Says Entered Agreement With Comerica Bank ‍On Jan 2 - SEC Filing
Wednesday, 3 Jan 2018 04:53pm EST 

Jan 3 (Reuters) - Comerica Inc ::OWL ROCK CAPITAL SAYS ‍ON JANUARY 2, 2018, CO ENTERED INTO AGREEMENT WITH COMERICA BANK - SEC FILING.OWL ROCK - ‍COMERICA AGREED TO PROVIDE A $50 MILLION COMMITMENT THROUGH ACCORDION FEATURE IN CO'S SUBSCRIPTION CREDIT FACILITY, DATED AUG 1, 2016​.  Full Article

Comerica Increases Minimum Wage To $15/Hour To 4,500 Non-Officer Colleagues
Friday, 29 Dec 2017 09:00am EST 

Dec 29 (Reuters) - Comerica Inc ::COMERICA ANNOUNCES INCREASE IN ITS MINIMUM WAGE TO $15 PER HOUR AND $1,000 BONUS TO 4,500 NON-OFFICER COLLEAGUES.COMERICA - INCREASE IN MINIMUM WAGE, ONE-TIME BONUS MADE POSSIBLE BY TAX REFORM BILL PASSED BY U.S. CONGRESS, SIGNED BY PRESIDENT ON DEC 22, 2017.  Full Article

‍Chefs Plate Announces $10M In New Funding
Wednesday, 29 Nov 2017 12:00pm EST 

Nov 29 (Reuters) - ‍CHEFS PLATE ::‍CHEFS PLATE ANNOUNCES $10M IN NEW FUNDING, CLOSE OF SERIES C ROUND OF FINANCING FROM ACTON CAPITAL, EMIL CAPITAL, INVESTECO CAPITAL, COMERICA BANK​.SAYS SECURED $20M IN TOTAL FUNDING SINCE LAUNCH​.  Full Article

Comerica CFO ‍David Duprey intends to resign from his role on or around January 23, 2018
Wednesday, 8 Nov 2017 07:15am EST 

Nov 8 (Reuters) - Comerica Inc :Comerica - ‍David Duprey intends to resign from his role as CFO of co on or around January 23, 2018​.Comerica Inc - ‍Muneera Carr will succeed Duprey as executive vice president and CFO of co.  Full Article

Comerica Inc sees Q4 restructuring expenses of about $15 mln - presentation slides
Tuesday, 17 Oct 2017 08:31am EDT 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc sees restructuring expenses of about $15 million in Q4 - presentation slides.  Full Article

Comerica Inc Q3 income per common share $1.26‍​
Tuesday, 17 Oct 2017 06:48am EDT 

Oct 17 (Reuters) - Comerica Inc :Comerica Inc - qtrly diluted income per common share $1.26‍​.Comerica Inc - qtrly net interest income $‍​546 million versus $450 million last year.Comerica Inc - qtrly provision for credit losses $ 24 million versus $16 million.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 ‍​percent versus 10.69 percent last year.Comerica inc - now expect 2019 results will include a benefit of $305 million as a result of gear up initiative.Q3 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Comerica - excluding restructuring charges, tax benefits from employee stock transactions, adjusted eps $1.27 for third quarter 2017‍​.Comerica inc - "as far as hurricanes in Texas and Florida, credit impact is expected to be manageable"‍​.Comerica Inc - expects Q4 net interest income to reflect lower nonaccrual interest recoveries, partially offset by loan growth‍​.  Full Article

Comerica's profit tops estimates on higher interest rates

U.S. regional bank Comerica Inc topped analysts' estimates for quarterly profit on Tuesday, helped by a rise in net interest income and growth in loans.