Comerica Incorporated – Company Information


Comerica Incorporated is an American financial services company, based in Dallas, Texas.

The company, which was formed in 1973, is one of the largest financial holding companies in the United States.

It is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘CMA’.

Comerica has three major business segments: the Retail Bank, the Business Bank, and Wealth Management:

The Retail Bank – provides personal and small business banking solutions, including: deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgages.

The Business Bank – provides services for large businesses, multinational corporations and governmental entities, including: commercial loans, lines of credit, deposits, cash management, capital market products, letters of credit, foreign exchange management services and loan syndication services.

Wealth Management – focuses on investment management and advisory services, investment banking and brokerage services, private banking, and retirement solutions.

Comerica and its subsidiaries focus their operations in three primary geographic markets: Texas, California and Michigan.



Operating data (in $ millions) 2013 2012
Revenue $2,610 $2,681
Total interest income $1,784 $1,863
Total interest expense $112 $135
Net interest income $1,672 $1,728
Net interest income after provision for credit losses $1,626 $1,649
Total noninterest income $826 $818
Total noninterest expenses $1,722 $1,757
Income before income taxes $730 $710
Provision for income taxes $189 $189
Net income $541 $521
Net income attributable to common shares $533 $515
Total Comprehensive income  $563 $464
Balance sheet data (in $ millions)
Total assets $65,227 $65,069
Total liabilities $58,074 $58,127
Total stockholders’ equity $7,153 $6,942
Cash flow data (in $ millions)
Net cash provided by operating activities $836 $672
Net cash provided by (used in) investing activities $1,174 $(3,656)
Net cash provided by (used in) financing activities $(93) $(3,962)
Cash and cash equivalents at end of year $6,451 $4,534
Common share data (in $)
Basic earnings (loss) per common share $2.92 $2.68
Diluted earnings (loss) per common share $2.85 $2.67

Source: “Comerica Incorporated 2013 Form 10-K Annual Report”

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