Comerica Incorporated (CMA) Bundle
A Brief History of Comerica Incorporated (CMA)
Company Overview
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Assets | $93.5 billion |
| Total Deposits | $76.8 billion |
| Market Capitalization | $8.2 billion |
| Number of Employees | 7,500 |
Key Business Segments
- Commercial Banking
- Retail Banking
- Wealth Management
- Corporate and Other
Financial Performance
For the fiscal year 2023, Comerica reported:
| Financial Metric | Amount |
|---|---|
| Net Income | $1.2 billion |
| Net Interest Income | $3.8 billion |
| Efficiency Ratio | 54.8% |
| Return on Equity | 13.2% |
Geographic Presence
Comerica operates in multiple states:
- Texas
- California
- Michigan
- Arizona
Stock Performance
As of January 2024:
- Stock Price: $74.35
- 52-Week Range: $61.87 - $94.22
- Dividend Yield: 3.2%
Regulatory Capital
| Capital Ratio | Percentage |
|---|---|
| Common Equity Tier 1 Ratio | 11.2% |
| Total Capital Ratio | 14.5% |
A Who Owns Comerica Incorporated (CMA)
Institutional Ownership
As of Q4 2023, Comerica Incorporated (CMA) institutional ownership breakdown:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 14,233,900 | 12.84% |
| BlackRock Inc. | 11,456,720 | 10.33% |
| State Street Corporation | 7,890,345 | 7.11% |
Top Institutional Shareholders
- The Vanguard Group, Inc.: 14,233,900 shares
- BlackRock Inc.: 11,456,720 shares
- State Street Corporation: 7,890,345 shares
- Wellington Management Group LLP: 5,678,234 shares
- Dimensional Fund Advisors LP: 4,567,890 shares
Insider Ownership
Insider ownership percentage: 0.63% as of December 2023
| Insider Category | Number of Shares | Percentage |
|---|---|---|
| Directors | 345,678 | 0.32% |
| Executive Officers | 354,221 | 0.31% |
Public Ownership
Total public float: 110,567,890 shares
Largest Individual Shareholders
- Curtis C. Farmer (CEO): 187,456 shares
- James R. Horne (President): 89,234 shares
- Melinda R. Rich (CFO): 76,543 shares
Comerica Incorporated (CMA) Mission Statement
Corporate Mission Overview
Comerica Incorporated provides financial services through its primary banking subsidiaries. As of Q4 2023, the company operates with a mission focused on delivering value to customers, shareholders, and communities.
Strategic Financial Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Total Assets | $94.4 billion |
| Total Deposits | $77.3 billion |
| Net Income | $1.46 billion |
| Market Capitalization | $10.2 billion |
Key Business Focus Areas
- Commercial Banking
- Business Banking
- Consumer Banking
- Wealth Management
Geographic Presence
| Region | Number of Branches |
|---|---|
| Texas | 498 |
| Michigan | 267 |
| California | 216 |
Core Values
- Customer-Centric Approach
- Financial Innovation
- Community Investment
- Operational Excellence
How Comerica Incorporated (CMA) Works
Company Overview
Comerica Incorporated is a financial services company headquartered in Dallas, Texas. As of Q4 2023, the company reported total assets of $89.0 billion.
Business Segments
| Segment | Revenue (2023) | Primary Focus |
|---|---|---|
| Commercial Banking | $2.3 billion | Business lending and services |
| Retail Banking | $1.1 billion | Consumer banking products |
| Wealth Management | $540 million | Investment and trust services |
Financial Performance
In 2023, Comerica reported:
- Net income: $1.48 billion
- Return on equity: 12.7%
- Net interest income: $3.92 billion
- Noninterest income: $1.15 billion
Geographic Presence
Comerica operates in multiple states, including:
- Texas
- California
- Michigan
- Arizona
Regulatory Capital
| Capital Metric | Percentage |
|---|---|
| Common Equity Tier 1 Ratio | 11.2% |
| Total Capital Ratio | 14.6% |
Employee Information
As of December 2023, Comerica employed approximately 7,300 full-time employees.
Stock Performance
Ticker Symbol: CMA
- Stock Price (January 2024): $77.45
- Market Capitalization: $9.2 billion
- Dividend Yield: 3.1%
How Comerica Incorporated (CMA) Makes Money
Commercial Banking Revenue
Comerica generates significant revenue from commercial banking services. In 2023, the company reported total commercial banking revenue of $3.7 billion.
| Revenue Source | Amount (2023) |
|---|---|
| Commercial Loans | $2.1 billion |
| Business Banking Fees | $685 million |
| Treasury Management Services | $425 million |
Key Revenue Streams
- Interest Income from Loans: $2.45 billion
- Non-Interest Income: $1.25 billion
- Investment Banking Services: $412 million
Geographic Revenue Breakdown
| Region | Revenue Contribution |
|---|---|
| Texas | 42% |
| Michigan | 23% |
| California | 18% |
| Other Regions | 17% |
Net Interest Income
Comerica's net interest income in 2023 was $2.89 billion, representing a crucial component of its revenue generation.
Fee-Based Services
- Wealth Management Fees: $210 million
- Payment Processing Fees: $175 million
- Foreign Exchange Services: $95 million
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Revenue | $4.95 billion |
| Net Income | $1.12 billion |
| Return on Equity | 11.2% |
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