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Comerica Inc (CMA)

CMA on New York Consolidated

71.38USD
15 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Comerica Reports Q1 Earnings Per Share Of $2.11
Tuesday, 16 Apr 2019 06:38am EDT 

April 16 (Reuters) - Comerica Inc ::COMERICA REPORTS FIRST QUARTER 2019 EARNINGS RESULTS.QTRLY EARNINGS PER SHARE $2.11.SEES 2019 PROVISION FOR CREDIT LOSSES OF 10 BASIS POINTS TO 15 BASIS POINTS.SEES 2019 NET CHARGE-OFFS TO REMAIN LOW.QTRLY ADJUSTED EARNINGS PER SHARE $2.08.SEES 2019 GROWTH IN AVERAGE LOANS OF 2 PERCENT TO 4 PERCENT.SEES 2019 COMMON EQUITY TIER 1 CAPITAL RATIO TARGET OF 9.5 PERCENT TO 10 PERCENT.QTRLY NET INTEREST INCOME $606 MILLION VERSUS $549 MILLION.IN QUARTER, PROVISION FOR CREDIT LOSSES DECREASED $25 MILLION VERSUS Q1 2018.Q1 EARNINGS PER SHARE VIEW $1.94 -- REFINITIV IBES DATA.  Full Article

Comerica Says CEO's Total 2018 Compensation Was $10 Mln v/s $12.1 Mln In 2017
Tuesday, 12 Mar 2019 08:14am EDT 

March 12 (Reuters) - Comerica Inc ::COMERICA INC - CHAIRMAN & CEO RALPH BABB, JR.'S TOTAL 2018 COMPENSATION WAS $10 MILLION VERSUS $12.1 MILLION IN 2017.  Full Article

Comerica Directors Declare Dividend Of 67 Cents, A 12 Percent Increase
Tuesday, 22 Jan 2019 04:15pm EST 

Comerica Inc ::COMERICA DIRECTORS DECLARE DIVIDEND OF 67 CENTS, A 12 PERCENT INCREASE.COMERICA INC - BOARD ALSO INCREASES SHARE REPURCHASE PROGRAM AUTHORIZATION.COMERICA INC - BOARD APPROVED AUTHORIZATION TO REPURCHASE UP TO AN ADDITIONAL 15.0 MILLION SHARES OF COMERICA INCORPORATED OUTSTANDING COMMON STOCK.  Full Article

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