Comerica Inc - Company Profile
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Comerica Inc (Comerica) offers personal and corporate banking, wealth management, and related financial solutions. Its offerings include deposit services such as savings and checking accounts and certificate of deposits; loans for home equity, mortgage, personal and corporate requirements, education, auto, and mortgages; debit and credit cards; bancassurance for life, disability, property, vehicle, dental, health, legal, property, travel, and liability risks. The company offers various services including treasury and cash management, asset and liquidity management, brokerage, equipment leasing, foreign exchange, international and trade finance, trust and custody, institutional investment, corporate investment banking, capital raising, advisory, online banking, and mobile banking services, among others. It operates in the US, Canada, and Mexico. Comerica is headquartered in Dallas, Texas, the US.
Headquarters
United States of America
Address
1717 Main Street Mc6404, Attn: Kelly Gage, Dallas, Texas, 75201
Website
www.comerica.com
Telephone
1 214 4626831
No of Employees
7,496
Industry
Financial Services
Ticker Symbol & Exchange
CMA (NYSE)
Revenue (2022)
$5.3B
40.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-23.5%
(2022 vs 2021)
Market Cap*
$7.0B
Net Profit Margin (2022)
XYZ
-45.5%
(2022 vs 2021)
* As of and is in US$
Comerica Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts/Deposits: | Wealth Management |
| Checking Accounts | Treasury Management |
| Savings Account | Asset and Liability Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, Comerica Bank and the Grand Rapids Griffins partnered to help Kids’ Food Basket (KFB) and its mission to reduce hunger in the community. |
| 2023 | Contracts/Agreements | In December, the bank partnered with The Detroit Lions to support the My Cause My Cleats endeavor by donating to F.A.R.M. |
| 2023 | New Products/Services | In August, Comerica Bank launched Comerica Maximize. |
Competitor Comparison
| Key Parameters | Comerica Inc | USAA | KeyCorp | Cullen/Frost Bankers Inc | Texas Capital Bancshares Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Dallas | San Antonio | Cleveland | San Antonio | Dallas |
| State/Province | Texas | Texas | Ohio | Texas | Texas |
| No. of Employees | 7,496 | 37,000 | 17,333 | 5,495 | 1,987 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Curtis C. Farmer | Chairman; President; Chief Executive Officer | Executive Board | 2020 | 60 |
| James J. Herzog | Chief Financial Officer; Senior Executive Vice President | Senior Management | 2023 | 60 |
| Megan D. Crespi | Senior Executive Vice President; Chief Operating Officer | Senior Management | 2023 | 49 |
| Mauricio A. Ortiz | Chief Accounting Officer; Executive Vice President | Senior Management | 2021 | 44 |
| Von E. Hays | Chief Legal Officer; General Counsel; Executive Vice President | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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