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.

TypePublic
Founded1849
HQDallas, US
Websitecomerica.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)7,467(-1%)
Job Openings148
Revenue (FY, 2019)$749 M
Share Price (Jul 2020)$35.8 (+2%)
Cybersecurity ratingBMore

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)
Comerica Bank Tower, 1717 Main St
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Comerica Financials and Metrics

Comerica Revenue

Comerica's revenue was reported to be $749 m in FY, 2019
USD

Revenue (Q1, 2020)

185.0m

Net income (Q1, 2020)

(65.0m)

Market capitalization (6-Jul-2020)

5.0b

Closing stock price (6-Jul-2020)

35.8

Cash (31-Mar-2020)

4.9b

EV

9.8b
Comerica's current market capitalization is $5 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

789.0m792.0m818.0m826.0m868.0m1.1b1.1b1.1b755.0m749.0m

Revenue growth, %

(2%)2%7%

Sales and marketing expense

30.0m28.0m27.0m21.0m23.0m24.0m21.0m28.0m30.0m34.0m

Operating expense total

176.0m172.0m68.0m197.0m196.0m185.0m114.0m73.0m83.0m34.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

194.0m186.0m207.0m202.0m201.0m211.0m197.0m200.0m208.0m214.0m208.0m220.0m215.0m256.0m261.0m264.0m246.0m269.0m272.0m271.0m276.0m275.0m188.0m187.0m190.0m184.0m189.0m190.0m185.0m

Sales and marketing expense

7.0m7.0m7.0m7.0m7.0m6.0m6.0m6.0m6.0m5.0m5.0m6.0m6.0m6.0m4.0m6.0m5.0m4.0m7.0m8.0m6.0m8.0m8.0m5.0m9.0m10.0m7.0m

Operating expense total

41.0m42.0m43.0m40.0m44.0m62.0m32.0m51.0m56.0m43.0m44.0m44.0m58.0m45.0m45.0m45.0m42.0m59.0m25.0m15.0m21.0m15.0m22.0m19.0m20.0m5.0m9.0m10.0m32.0m

Depreciation and amortization

31.0m29.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.1b3.6b4.5b6.5b6.1b6.1b1.2b5.8b4.6b5.8b

Accounts Receivable

39.3b42.0b45.4b44.9b48.0b48.5b6.0b48.5b49.5b49.7b

Inventories

PP&E

630.0m675.0m622.0m594.0m532.0m550.0m501.0m466.0m475.0m457.0m
USDQ2, 2010

Financial Leverage

9.6 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Comerica Revenue Breakdown

Embed Graph

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

Comerica Online and Social Media Presence

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Comerica News and Updates

Comerica Bank's California Index Moves Lower

DALLAS, May 29, 2020 /PRNewswire/ -- Comerica Bank's California Economic Activity Index declined in March to a level of 122.2. March's reading was 24 points, or 25 percent, above the index cyclical low of 97.8. The index averaged 124.4 points in 2019, 0.5 points above the average for all...

Comerica Bank's Texas Index Down

DALLAS, May 29, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index decreased in March to 139.9. March's index reading was 44 points, or 46 percent, above the index cyclical low of 95.5. The index averaged 139.1 points for all of 2019, 3.8 points above the average for 2018....

Comerica Bank's Michigan Index Contracts

DALLAS, May 29, 2020 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index declined in March to a level of 114.5. March's reading is 17 points, or 17 percent, above the index cyclical low of 97.9. The index averaged 117.7 points for all of 2019, 0.9 points below the index...

Comerica Bank's California Index Up in January

DALLAS, April 1, 2020 /PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in January to a level of 126.5. January's reading was 29 points, or 29 percent, above the index cyclical low of 97.8. The index averaged 124.4 points in 2019, 0.5 points above the average...

Comerica Bank's Texas Index Grew in January

DALLAS, April 1, 2020 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in January to 142.2. January's index reading was 47 points, or 49 percent, above the index cyclical low of 95.5. The index averaged 139.1 points for all of 2019, 3.8 points above the average for...

Comerica Reports Fourth Quarter 2019 Earnings Results

DALLAS, Jan. 21, 2020 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter 2019 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be...
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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 7,467 employees.

  • What is Comerica revenue?

    Latest Comerica annual revenue is $749 m.

  • What is Comerica revenue per employee?

    Latest Comerica revenue per employee is $100.3 k.

  • Who are Comerica competitors?

    Competitors of Comerica include Bank Leumi, SVB Financial Group and First Busey.

  • Where is Comerica headquarters?

    Comerica headquarters is located at Comerica Bank Tower, 1717 Main St, Dallas.

  • Where are Comerica offices?

    Comerica has an office in Dallas.

  • How many offices does Comerica have?

    Comerica has 1 office.