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.

Type
Public
HQ
Dallas, US
Founded
1849
Size (employees)
7,691 (est)
Comerica was founded in 1849 and is headquartered in Dallas, US
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Key People/Management at Comerica

Ralph W. Babb Jr

Ralph W. Babb Jr

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

Curtis Farmer

President Comerica Incorporated and Comerica Bank
Muneera S. Carr

Muneera S. Carr

Executive Vice President and Chief Financial Officer
John Buchanan

John Buchanan

Executive Vice President Chief Legal Officer/General Counsel
Megan Burkhart

Megan Burkhart

Executive Vice President and Chief Human Resources Officer
Peter Guilfoile

Peter 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 Financials

Comerica's revenue was reported to be $1.91 b in FY, 2016 which is a 7% increase from the previous period.
USD

Revenue (Q1, 2018)

834 m

Gross profit (Q1, 2018)

793 m

Gross profit margin (Q1, 2018), %

95.1%

Net income (Q1, 2018)

281 m

EBIT (Q1, 2018)

549 m

Market capitalization (22-Jun-2018)

16.4 b

Closing share price (22-Jun-2018)

95.4

Cash (31-Mar-2018)

1.2 b

EV

15.3 b
Comerica's current market capitalization is $16.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.8 b1.8 b1.9 b

Revenue growth, %

(2%)2%7%

Cost of goods sold

95 m112 m121 m

Gross profit

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

Revenue

653 m643 m661 m651 m691 m705 m712 m718 m742 m752 m767 m805 m834 m

Cost of goods sold

27 m25 m25 m22 m22 m23 m26 m25 m28 m30 m26 m29 m41 m

Gross profit

626 m618 m636 m629 m669 m682 m686 m693 m714 m722 m741 m776 m793 m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

6 b4.4 b

Inventories

PP&E

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

Cash

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

Accounts Receivable

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

PP&E

604 m583 m562 m524 m531 m541 m541 m541 m544 m528 m488 m484 m468 m

Total Assets

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

Net Income

541 m593 m521 m477 m743 m

Depreciation and Amortization

145 m136 m131 m129 m121 m

Inventories

Accounts Payable

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

Net Income

424 m139 m290 m444 m134 m269 m405 m60 m164 m313 m202 m405 m281 m

Depreciation and Amortization

113 m31 m66 m101 m34 m68 m101 m32 m63 m98 m33 m63 m32 m

Cash From Operating Activities

450 m214 m346 m565 m338 m394 m663 m245 m239 m397 m407 m656 m358 m

Cash From Investing Activities

2.4 b(1.1 b)(2.5 b)(2.3 b)(501 m)(1.4 b)(1 b)(258 m)(1.4 b)(307 m)773 m(399 m)(147 m)
USDY, 2018

EV/EBIT

27.8 x

EV/CFO

42.7 x

Financial Leverage

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 Recognized as One of the 50 Most Community-Minded Companies in the Nation

DALLAS, June 19, 2018 /PRNewswire/ -- Comerica Incorporated (NYSE:CMA) has been named an honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service. The award recognizes Comerica as one of the most community-minded companies in the United...

Comerica Today Announces Adjustments for Legacy Sterling Warrants

DALLAS, June 14, 2018 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that in accordance with the terms of the outstanding legacy Sterling Bancshares, Inc. warrants (OTC Pink: CMP.WW; CUSIP number 200340 123) ("the Sterling Warrants") to purchase shares of Comerica...

Comerica Bank Announces Prime Rate Increase

DALLAS, June 13, 2018 /PRNewswire/ -- Comerica Bank announced it will raise its prime rate to 5 percent from 4.75 percent effective tomorrow, June 14, 2018. Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by...
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