Comerica

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. The Company’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. As of December 31, 2012, Comerica owned directly or indirectly all the stock of two active banking and 49 non-banking subsidiaries.
Company Growth (employees)
Type
Public
HQ
Dallas, US
Founded
1849
Size (employees)
7,659 (est)-3%
Comerica was founded in 1849 and is headquartered in Dallas, US

Key People at Comerica

Curtis Farmer

Curtis Farmer

President
Karen Parkhill

Karen Parkhill

Vice Chairman & CFO
Jon Bilstrom

Jon Bilstrom

EVP of Governance
Megan Burkhart

Megan Burkhart

EVP & CHRO
Paul Obermeyer

Paul Obermeyer

EVP & CIO

Comerica Office Locations

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

Comerica Metrics

Comerica Financial Metrics

Revenue (2016)

$1.9 b

Revenue growth (2015-16), %

7%

Gross profit

$1.8 b

Gross profit margin (2016), %

94%

Net income (2016)

$477 m

Market capitalization (21-Mar-2017)

$12.3 b

Closing share price (21-Mar-2017)

$70.7

Cash (31-Dec-2016)

$1.2 b
Comerica's current market capitalization is $12.3 b.
Comerica's revenue was reported to be $1.9 b in FY, 2016 which is a 7% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$1.8 b$1.8 b$1.8 b$1.9 b

Revenue growth, %

(2%)2%7%

Cost of goods sold

$95 m$112 m

Gross profit

$1.7 b$1.8 b

Gross profit Margin, %

95%94%

EBIT

$730 m$870 m$750 m$1.8 b

EBIT margin, %

41%50%42%94%

Pre tax profit

$750 m$670 m

Net Income

$541 m$593 m$521 m$477 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$1.1 b$1 b$1.2 b$1.2 b

Accounts Receivable

Inventories

PP&E

$594 m$532 m$550 m$501 m

Total Assets

$65.2 b$69.2 b$71.9 b$73 b

Accounts Payable

Additional Paid-in Capital

$2.2 b$2.2 b$2.2 b$2.1 b

Retained Earnings

$6.3 b$6.7 b$7.1 b$7.3 b

Total Equity

$7.2 b$7.4 b$7.6 b$7.8 b

Financial Leverage

9.1 x9.3 x9.5 x9.4 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$541 m$593 m$521 m$477 m

Depreciation and Amortization

$145 m$136 m$131 m$129 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$836 m$639 m$862 m$493 m

Cash From Investing Activities

$1.2 b($3.7 b)($3.3 b)($270 m)

Short-term Borrowings

$143 m($137 m)($93 m)$2 m

Cash From Financing Activities

($93 m)$2.7 b$2.5 b$848 m

Interest Paid

$114 m$101 m$94 m$111 m

Income Taxes Paid

$88 m$106 m

Comerica Market Value History

Comerica Online Presence

Comerica News

Comerica Company Life

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