Company

Comerica Incorporated

Headquarters: Dallas, TX, United States

Founded: 1849

Employees: 7,223

CEO: Mr. Curtis Chatman Farmer

show_chart NYSE: CMA -2.08%

Market Cap

$12.89 Billion

USD as of April 1, 2022

history Market Cap History

Comerica Incorporated market capitalization over time

Evolution of Comerica Incorporated market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Comerica Incorporated

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.

Wikipedia Introduction

Comerica Incorporated is a financial services company headquartered in Dallas, Texas. It has retail banking operations in Texas, Michigan, Arizona, California and Florida, with select business operations in several other U.S. states, as well as in Canada and Mexico. Comerica is the largest U.S. commercial bank headquartered in Texas and is on the list of largest banks in the United States. The company's largest offices are in Cincinnati, Philadelphia, Detroit, Livonia, Michigan, Auburn Hills, Michigan and Dallas. The bank sponsors Comerica Park in Detroit and formerly sponsored the Comerica Theatre in Phoenix. From 2007 to 2010, Comerica also sponsored the Comerica Bank New Year's Parade in Dallas.

Source: Wikipedia, retrieved on March 31, 2022, 8:44 p.m.

Stocks & Indices

Comerica Incorporated has the following listings and related stock indices.


Stock: NYSE: CMA

Stock: FSX: CA3

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)

Details

Headquarters:

Comerica Bank Tower

1717 Main Street MC 6404

Dallas, TX 75201

United States

Phone: 214-462-6831