comerica incorporated (nyse: cma) is a financial services company headquartered in dallas, texas, strategically aligned by the business bank, the retail bank, and wealth management. the business bank provides companies of all sizes with an array of credit and non-credit financial products and services. the retail bank delivers personalized financial products and services to consumers. wealth management serves the needs of high net worth clients and institutions. comerica’s nearly 9,000 colleagues focus on relationships, and helping people and businesses be successful. comerica operates in seven of the 10 largest u.s. cities, with 480 banking centers in its primary markets of texas, arizona, california, florida and michigan. select businesses operate in several other states, as well as in canada and mexico. comerica is among the 22 largest u.s. banking companies, with $69.2 billion in total assets at december 31, 2014. visit comerica's facebook page at facebook.com/comericacares or
Company profile
Ticker
CMA
Exchange
Website
CEO
Curtis C. Farmer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
B&G Tax Equity Partnership, LLC • Briel Farm Solar, LLC • Cass & Co. • Comerica Assurance Ltd. • Comerica Bank (d.b.a. Comerica - Technology • Comerica Capital Advisors Incorporated • Comerica Financial Incorporated • Comerica Holdings Incorporated • Comerica Insurance Group, Inc. • Comerica Insurance Services, Inc. ...
IRS number
6021
CMA stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
26 Apr 24
10-Q
2024 Q1
Quarterly report
26 Apr 24
S-8
Registration of securities for employees
23 Apr 24
8-K
First Quarter 2024 Net Income of $138 Million, $0.98 Per Share
18 Apr 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEFA14A
Additional proxy soliciting materials
13 Mar 24
ARS
2023 FY
Annual report to shareholders
11 Mar 24
DEFA14A
Additional proxy soliciting materials
11 Mar 24
DEF 14A
Definitive proxy
11 Mar 24
8-K
Regulation FD Disclosure
5 Mar 24
Transcripts
CMA
Earnings call transcript
2024 Q1
18 Apr 24
CMA
Earnings call transcript
2023 Q4
19 Jan 24
CMA
Earnings call transcript
2023 Q3
20 Oct 23
CMA
Earnings call transcript
2023 Q2
21 Jul 23
CMA
Earnings call transcript
2023 Q1
20 Apr 23
CMA
Earnings call transcript
2022 Q4
19 Jan 23
CMA
Earnings call transcript
2022 Q3
19 Oct 22
CMA
Earnings call transcript
2022 Q2
20 Jul 22
CMA
Earnings call transcript
2022 Q1
20 Apr 22
CMA
Earnings call transcript
2021 Q4
19 Jan 22
Latest ownership filings
4
MEGAN D. CRESPI
2 May 24
4
JAMES MCGREGOR CARR
2 May 24
4
Cassandra M. McKinney
26 Apr 24
4
Cassandra M. McKinney
26 Apr 24
4/A
Cassandra M. McKinney
26 Apr 24
4
CURTIS C FARMER
25 Apr 24
144
Notice of proposed sale of securities
24 Apr 24
4
MEGAN D. CRESPI
17 Apr 24
4
JAMES MCGREGOR CARR
1 Apr 24
4
Megan D Burkhart
28 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn | 8.11 bn |
Cash burn (monthly) | 703.67 mm | (no burn) | (no burn) | (no burn) | 59.33 mm | (no burn) |
Cash used (since last report) | 5.36 bn | n/a | n/a | n/a | 451.90 mm | n/a |
Cash remaining | 2.75 bn | n/a | n/a | n/a | 7.66 bn | n/a |
Runway (months of cash) | 3.9 | n/a | n/a | n/a | 129.1 | n/a |
Institutional ownership, Q4 2023
4.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 109 |
Opened positions | 28 |
Closed positions | 423 |
Increased positions | 32 |
Reduced positions | 33 |
13F shares | Current |
---|---|
Total value | 151.94 bn |
Total shares | 5.44 mm |
Total puts | 18.70 k |
Total calls | 48.60 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vaughan Nelson Investment Management | 1.93 mm | $107.72 mm |
American Century Investment Management | 618.07 k | $34.53 mm |
Artemis Investment Management | 555.80 k | $31.02 bn |
Fishman Jay A | 280.76 k | $15.67 bn |
CBOE Vest Financial | 239.56 k | $13.37 bn |
Raymond James & Associates | 203.32 k | $11.35 bn |
Cerity Partners | 175.02 k | $9.77 bn |
New York State Teachers Retirement System | 158.92 k | $8.87 mm |
Northern Oak Wealth Management | 108.10 k | $6.03 bn |
B.O.S.S. Retirement Advisors | 89.06 k | $4.97 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Apr 24 | James Mcgregor Carr | Common Stock | Payment of exercise | Dispose F | No | No | 50.17 | 119 | 5.97 k | 29,242 |
30 Apr 24 | Megan D. Cresi | Common Stock | Payment of exercise | Dispose F | No | No | 50.17 | 136 | 6.82 k | 39,151 |
24 Apr 24 | Casandra M. McKinney | Common Stock | Sell | Dispose S | No | No | 52.59 | 7,271 | 382.38 k | 7,236 |
23 Apr 24 | Farmer Curtis C | Common Stock | Payment of exercise | Dispose F | No | No | 52.64 | 440 | 23.16 k | 252,997 |
15 Apr 24 | Megan D. Cresi | Common Stock | Payment of exercise | Dispose F | No | No | 50.85 | 399 | 20.29 k | 39,287 |
News
Citigroup Downgrades Comerica to Neutral, Lowers Price Target to $56
6 May 24
Piper Sandler Maintains Neutral on Comerica, Raises Price Target to $56
26 Apr 24
Morgan Stanley Maintains Equal-Weight on Comerica, Maintains $53 Price Target
22 Apr 24
Piper Sandler Maintains Neutral on Comerica, Raises Price Target to $54
19 Apr 24
RBC Capital Maintains Outperform on Comerica, Raises Price Target to $62
19 Apr 24
Press releases
Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Ninth Consecutive Year
14 May 24
Comerica Announces Earnings Release Dates for 2025
10 May 24
G.L.A.M. Body Scrubs Wins $100,000 Comerica Hatch Detroit Contest by TechTown
10 May 24
Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer
1 May 24
Comerica Bank, Network for Teaching Entrepreneurship Launch National Partnership
30 Apr 24