OverviewSuggest Edit

Comerica Incorporated (Comerica) 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. Comerica’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.

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TypePublic
Founded1849
HQDallas, US
Websitecomerica.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Feb 2019)7,865
Job Openings340
Revenue (FY, 2018)$3.6 B(+10%)
Share Price (Feb 2019)$84.5

Key People/Management at Comerica

Ralph W. Babb

Ralph W. Babb

Chairman and Chief Executive Officer Comerica Incorporated and Comerica Bank
Curtis C. Farmer

Curtis C. Farmer

President Comerica Incorporated and Comerica Bank
Muneera S. Carr

Muneera S. Carr

Executive Vice President and Chief Financial Officer
John D. Buchanan

John D. Buchanan

Executive Vice President Chief Legal Officer/General Counsel
Megan D. Burkhart

Megan D. Burkhart

Executive Vice President and Chief Human Resources Officer
Peter W. Guilfoile

Peter W. Guilfoile

Executive Vice President and Chief Credit Officer
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Comerica Office Locations

Comerica has an office in Dallas
Dallas, US (HQ)
1717 Main Street Dallas
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Comerica Financials and Metrics

Comerica Revenue

Comerica's revenue was reported to be $3.60 b in FY, 2018
USD

Revenue (FY, 2018)

3.6b

Gross profit (FY, 2018)

3.3b

Gross profit margin (FY, 2018), %

92.6%

Net income (FY, 2018)

1.2b

EBIT (FY, 2018)

2.4b

Market capitalization (13-Feb-2019)

13.5b

Closing stock price (13-Feb-2019)

84.5

Cash (31-Dec-2018)

1.4b

EV

12.2b
Comerica's current market capitalization is $13.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.8b2.8b3.0b3.3b3.6b

Revenue growth, %

(2%)2%7%

Cost of goods sold

95.0m112.0m121.0m267.0m

Gross profit

2.7b2.8b3.2b3.3b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

653.0m643.0m661.0m651.0m691.0m705.0m712.0m718.0m742.0m752.0m767.0m805.0m854.0m834.0m898.0m909.0m

Cost of goods sold

27.0m25.0m25.0m22.0m22.0m23.0m26.0m25.0m28.0m30.0m26.0m29.0m33.0m41.0m60.0m76.0m

Gross profit

626.0m618.0m636.0m629.0m669.0m682.0m686.0m693.0m714.0m722.0m741.0m776.0m821.0m793.0m838.0m833.0m

Gross profit Margin, %

96%96%96%97%97%97%96%97%96%96%97%96%96%95%93%92%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.1b1.0b1.2b1.2b1.4b1.4b

Accounts Receivable

5.3b5.0b6.0b4.4b3.2b

Inventories

PP&E

594.0m532.0m550.0m501.0m466.0m475.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

1.4b1.2b1.2b1.0b1.2b1.1b1.1b977.0m1.2b1.3b1.2b1.4b1.4b1.2b1.4b945.0m

Accounts Receivable

5.7b4.4b2.7b6.7b4.8b4.8b6.1b2.0b2.9b6.7b7.1b4.3b4.9b5.7b4.2b4.9b

PP&E

604.0m583.0m562.0m524.0m531.0m541.0m541.0m541.0m544.0m528.0m488.0m484.0m467.0m468.0m467.0m472.0m

Total Assets

64.7b65.7b65.3b68.9b69.3b69.9b71.0b69.0b71.3b74.1b73.0b71.4b72.0b72.3b72.0b71.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

541.0m593.0m521.0m477.0m743.0m1.2b

Depreciation and Amortization

145.0m136.0m131.0m129.0m127.0m123.0m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

424.0m139.0m290.0m444.0m134.0m269.0m405.0m60.0m164.0m313.0m202.0m405.0m631.0m281.0m607.0m925.0m

Depreciation and Amortization

113.0m31.0m66.0m101.0m34.0m68.0m101.0m32.0m63.0m98.0m33.0m63.0m96.0m32.0m62.0m93.0m

Cash From Operating Activities

450.0m214.0m346.0m565.0m338.0m394.0m663.0m245.0m239.0m397.0m407.0m656.0m858.0m358.0m614.0m967.0m

Cash From Investing Activities

2.4b(1.1b)(2.5b)(2.3b)(501.0m)(1.4b)(1.0b)(258.0m)(1.4b)(307.0m)773.0m(399.0m)(194.0m)(147.0m)(716.0m)27.0m
USDY, 2018

EV/EBIT

5.2 x

EV/CFO

7.5 x

Revenue/Employee

458.9k

Financial Leverage

9.4 x
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Comerica Operating Metrics

Comerica's Total Loans was reported to be $49.4b in Q2, 2017.
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Comerica Revenue Breakdown

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Comerica revenue breakdown by business segment: 24.6% from Retail Bank, 60.3% from Business Bank, 14.3% from Wealth Management and 0.8% from Other

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Comerica Online and Social Media Presence

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Comerica News and Updates

Comerica Ranked No. 40 Most Sustainable Company in the World by Corporate Knights

DALLAS, Feb. 8, 2019 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has been recognized as one of the 2019 Global 100 Most Sustainable Corporations by Corporate Knights, a media and investment research company. Corporate Knights released its 15th annual list of the world's 100 most...

Comerica Bank's Michigan Index Ticks Down

DALLAS, Feb. 4, 2019 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index decreased by 0.2 percent in November to a level of 118.7. November's reading is 21 points, or 21 percent, above the index cyclical low of 97.9. The index averaged 118.2 points for all of 2017, one point...

Comerica Bank's Texas Index Climbs

DALLAS, Feb. 4, 2019 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased by 0.4 percent in November to 136.5. November's index reading is 41 points, or 43 percent, above the index cyclical low of 95.5. The index averaged 128.5 points for all of 2017, 4.2 points above...

Comerica raises dividend by 12%

Comerica Inc. said late Tuesday its board of directors has approved a 12% increase in the company's dividend to 67 cents a share. The dividend is payable April 1 to shareholders of record at the close of business on March 15. The increase "reflects our solid capital position and strong earnings per…

Comerica Bank's California Index Improves

DALLAS, Jan. 3, 2019 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased by 0.3 points in October to 124.4. October's reading is 27 points, or 27 percent, above the index cyclical low of 97.7. The index averaged 121.1 points in 2017, 2.5 points above the average...

Comerica Bank's Texas Index Up Slightly

DALLAS, Jan. 3, 2019 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased by 0.1 points in October to 135.8. October's index reading is 40 points, or 42 percent, above the index cyclical low of 95.5. The index averaged 128.5 points for all of 2017, 4.2 points above the...
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Comerica Company Life and Culture

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Comerica Frequently Asked Questions

  • When was Comerica founded?

    Comerica was founded in 1849.

  • Who are Comerica key executives?

    Comerica's key executives are Ralph W. Babb, Curtis C. Farmer and Muneera S. Carr.

  • How many employees does Comerica have?

    Comerica has 7,865 employees.

  • What is Comerica revenue?

    Latest Comerica annual revenue is $3.6 b.

  • What is Comerica revenue per employee?

    Latest Comerica revenue per employee is $457.1 k.

  • Who are Comerica competitors?

    Competitors of Comerica include Bank Leumi, First Busey and Bank of the Ozarks.

  • Where is Comerica headquarters?

    Comerica headquarters is located at 1717 Main Street Dallas, Dallas.

  • Where are Comerica offices?

    Comerica has an office in Dallas.

  • How many offices does Comerica have?

    Comerica has 1 office.