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
HQDallas, US
Founded1849
Size (employees)7,691 (est)
Websitecomerica.com
Comerica was founded in 1849 and is headquartered in Dallas, US
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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 $1.91 b in FY, 2016 which is a 7% increase from the previous period.
USD

Revenue (Q2, 2018)

1.7b

Gross profit (Q2, 2018)

1.6b

Gross profit margin (Q2, 2018), %

94.2%

Net income (Q2, 2018)

607.0m

EBIT (Q2, 2018)

1.1b

Market capitalization (15-Oct-2018)

14.3b

Closing stock price (15-Oct-2018)

83.5

Cash (30-Jun-2018)

1.4b

EV

12.9b
Comerica's current market capitalization is $14.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.8b1.8b1.9b

Revenue growth, %

(2%)2%7%

Cost of goods sold

95.0m112.0m121.0m

Gross profit

1.7b1.8b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

653.0m643.0m661.0m651.0m691.0m705.0m712.0m718.0m742.0m752.0m767.0m805.0m834.0m1.7b

Cost of goods sold

27.0m25.0m25.0m22.0m22.0m23.0m26.0m25.0m28.0m30.0m26.0m29.0m41.0m101.0m

Gross profit

626.0m618.0m636.0m629.0m669.0m682.0m686.0m693.0m714.0m722.0m741.0m776.0m793.0m1.6b

Gross profit Margin, %

96%96%96%97%97%97%96%97%96%96%97%96%95%94%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

6.0b4.4b

Inventories

PP&E

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

Cash

1.4b1.2b1.2b1.0b1.2b1.1b1.1b977.0m1.2b1.3b1.2b1.4b1.2b1.4b

Accounts Receivable

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

PP&E

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

Total Assets

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

Net Income

541.0m593.0m521.0m477.0m743.0m

Depreciation and Amortization

145.0m136.0m131.0m129.0m121.0m

Inventories

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

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

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)(147.0m)(716.0m)
USDY, 2018

EV/EBIT

11.4 x

EV/CFO

21.1 x

Financial Leverage

8.9 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 Reports Third Quarter 2018 Earnings Results

DALLAS, Oct. 16, 2018 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today has reported its third quarter 2018 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 ...

National Weather Service Certifies Little Caesars Arena, Comerica Park And Four Other Concert And Sports Venues As 'StormReady'

DETROIT, Oct. 5, 2018 /PRNewswire/ -- Metro Detroit's major sports and entertainment venues are now certified to spot, report and prepare for a wide range of weather conditions. "The National Weather Service (NWS) now recognizes Ilitch Holdings, Inc. as "StormReady" for Olympia...

Comerica Bank's California Index Slides

DALLAS, Sept. 27, 2018 /PRNewswire/ -- Comerica Bank's California Economic Activity Index decreased by 0.2 points in July to 123.5. July's reading is 26 points, or 26 percent, above the index cyclical low of 97.7. The index averaged 121.2 points in 2017, 2.4 points above the average for...

Comerica Bank's Michigan Index Slips Again

DALLAS, Sept. 27, 2018 /PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index fell again in July to a level of 118.4. July'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 above the index...

Comerica Bank's Texas Index Little Changed

DALLAS, Sept. 27, 2018 /PRNewswire/ -- Comerica Bank's Texas Economic Activity Index decreased 0.1 points in July to 135.9. July'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, 3.9 points above the average ...

JumpCloud Secures $10m Credit Facility From Comerica

BOULDER, Colo., Sept. 5, 2018 /PRNewswire/ -- JumpCloud®, the first Directory-as-a-Service® platform, announced today that it has entered into a $10m credit facility with Comerica. The credit facility availability follows the $20M Series C funding the Company closed less than a year ago...
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Comerica Company Life and Culture

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