Company Overview
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers 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 for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
Company Information
- CEO
- Curtis Chatman Farmer
- Sector
- Financial Services
- Industry
- Banks - Regional
- Employees
- 7860
Contact Information
- Website
- https://www.comerica.com
- Address
- Comerica Bank Tower
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Financial Services leader with 8.64B market capitalization
- Trading Volume: 795.63K shares traded today
- Price Range: 52-week range of $48.12 - $73.45
- Exchange: Listed on New York Stock Exchange
Financial Metrics
Market Analysis for Comerica Incorporated
Comerica Incorporated (CMA) operates in the Banks - Regional industry within the Financial Services sector. With a current market capitalization of 8.64B, the company represents a significant player in its market. The stock is currently trading at $67.21 with a negativedaily change of 1.00%.
The company's 7860 employee base and presence on the New York Stock Exchangeexchange position it as a Financial Services sector leader. Investors should consider the stock's P/E ratio of 12.90, beta of 0.96, and 52-week price range from $48.12 to $73.45when evaluating investment opportunities.
Why Invest in Comerica Incorporated?
Strengths
- • Established market presence in Financial Services
- • Strong financial metrics and market position
- • Listed on major exchange (New York Stock Exchange)
- • Experienced leadership under Curtis Chatman Farmer
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Financial Services Sector
The Financial Services sector includes companies that provide banking, insurance, investment, and other financial services to consumers and businesses.