Company
Comerica Incorporated
Headquarters: Dallas, TX, United States
Founded: 1849
Employees: 7,223
CEO: Mr. Curtis Chatman Farmer
Market Cap
$7.26 Billion
USD as of Jan. 1, 2024
Comerica Incorporated Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $167.72 B |
| China Merchants Bank | $98.57 B |
| Al Rajhi Banking and Investment Corp | $93.33 B |
| ICICI Bank Limited | $83.47 B |
| BNP Paribas SA | $80.01 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers 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 for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
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Stocks & Indices
Comerica Incorporated has the following listings and related stock indices.
Stock: NYSE: CMA wb_incandescent
Stock: FSX: CA3 wb_incandescent
Product & Services
Commercial bankingRetail bankingWealth management
Key People
Founder(s): Elon Farnsworth
Curtis C. Farmer (Chairman, President, & CEO) James J. Herzog (CFO)
Financials
Revenue: US$3.817 billion (2019) US$3.595 billion (2018)
Net income: $1.198 billion (2019)
Total assets: $73.402 billion (2019)
Total equity: $7.327 billion (2019)