Trade Comerica Inc - CMA CFD

Comerica Company profile

About Comerica Incorporated

Comerica Incorporated is a financial holding company. Its Commercial Bank segment serves small and middle market businesses, multinational corporations and governmental entities by offering 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. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Comerica Incorporated interest income decreased 9% to $1.9B. Net interest income after loan loss provision increased 62% to $2.23B. Net income applicable to common stockholders increased from $482M to $1.14B. Net interest income after loan loss provision reflects Commercial Bank segment increase of 73% to $1.92B, Retail Bank segment increase of 15% to $570M.

Equity composition

Common Stock $5 Par, 6/12, 325M auth., 228,164,824 issd., less 33,889,392 shs. in Treas. @ $1.7B. Insiders own 0.30%. Preferred Stock no Par,12/09, 2.25M auth., 2,250,000 issd. PO 6/91, 2.8M shs. @ $40.33 by First Boston. *10/91, pooled with Manufac. Nat'l Corp. Basis: .81 sh.