Comerica, Inc.

Comerica, Inc.

Comerica, Inc.

Overview
Date Founded

1972

Headquarters

COMERICA BANK TOWER, 1717 MAIN STREET, DALLAS, TN, 75201

Type of Company

Public

Employees (Worldwide)

7,870

Industries

Retail & Commercial Banking
Accounting & Financial Services
Consumer Finance
Holding Companies

Company Description

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $63.3 billion at September 30, 2012.

Contact Data
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Executives & Employees

Chairman, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, Chief Legal Officer & General Counsel

Chief Risk Officer & Executive Vice President

Chief Experience Officer

Senior Vice President & Chief Accounting Officer

Chief Credit Officer & Executive Vice President

Chief Community Officer

Executive Vice President & Chief Information Security Officer

Executive Vice President & General Auditor

Board of Directors

Chairman, President & Chief Executive Officer at Comerica, Inc.

Chief Operating Officer at Southwest Airlines Co.

Chairman of the Board, President & Chief Executive Officer at Commercial Metals Co.

President at The Clorox Co. Foundation

President-Elect at American Bar Association

Founder at Pinnacle Technical Resources, Inc.

Chairman & Chief Executive Officer at The Taubman Co. LLC

Director at Axiall Corp.

Executive Vice President & Head-Control Functions at TD Bank US Holding Co.

President & Director at Avatar Properties, Inc.

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Comerica, Inc.
Owners & Shareholders
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LKCM is an active, long-term manager which aims to invest in high quality businesses that they believe will produce consistent, repeatable and superior risk-adjusted returns. The firm offers several equity, fixed income and alternative investment approaches, which are generally available through separately managed portfolios, the LKCM Funds, LKCM partnerships and single-investment partnerships. Their Core, Small-Cap and Small-Mid Cap Equity strategy seeks to achieve its investment objective through fundamental analysis of individual companies and seeks high quality companies. LKCM’s fixed income strategy seeks to achieve its investment objective by typically investing in investment grade corporate fixed income securities, fixed income securities issued or guaranteed by the US Government, its agencies or instrumentalities, and/or municipal fixed income securities.

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PPM uses a variety of methods of analysis in formulating investment advice and/or managing client assets. Fundamental and technical in-house research underpins the firm’s analysis of current or potential investments. The firm utilizes a team-based approach to manage the assets of the portfolio. They also implement client investment strategies primarily through designated portfolio management teams focused on particular asset classes, including fixed income, bank loans, private debt, public equity and private equity.

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SI is an active manager which aims to achieve superior risk-adjusted returns. They offer a range of traditional and alternative investment strategies including equity, fixed-income, commodity, currency, money market private equity, real estate, infrastructure and loans. Eligible underlyings may include indexes, baskets or funds.The firm is part of the Corporate & Investment Banking Division of UniCredit Group and offers investors the expertise of their Cross Asset Derivative team and their quantitative structuring and investment strategy knowledge.

Recent Transactions
Details Hidden

MBM Advisors, Inc. /Management purchases BOK Financial Asset Management, Inc. from Comerica, Inc.

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Comerica, Inc. purchases Sterling Bancshares, Inc. (Texas)

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Comerica, Inc. issued USD Common Stock

Transaction Clients
Trust Bank

Advised on Oakmont Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Insider Transactions
Details Hidden
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Transaction Advisors
Legal Advisor

Advised onComerica, Inc. purchases Imperial Bancorp (Inglewood, California)

Underwriter

Advised onComerica, Inc. issued USD Common Stock

Underwriter

Advised onComerica, Inc. issued USD Common Stock

Legal Advisor

Advised onComerica, Inc. purchases Sterling Bancshares, Inc. (Texas)

Legal Advisor

Advised onComerica, Inc. purchases Sterling Bancshares, Inc. (Texas)

Professional

Advised onComerica, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Foley & Lardner LLP

Advisor

Vice President of Delivery & Strategic Development at WebRunners, Inc.

Advisor

Partner at Heidrick & Struggles International, Inc.

Clients

TO INVEST IN PROGRAMS AND SERVICES TO MAKE LIFE BETTER FOR MICHIGAN MASONS, THEIR FAMILIES, AND THEIR COMMUNITIES.

TO PROVIDE INSURANCE COVERAGE TO PARTICIPANTS AND FAMILY MEMBERS FROM CONTRIBUTIONS PAID BY EMPLOYERS IN ACCORDANCE WITH PLAN PROVISIONS.

Key Stats and Financials As of 2020
Market Capitalization
$11B
Total Enterprise Value
$13.3B
Earnings Per Share
$3.28
Revenue
$3.02B
Total Equity
$8.05B
Net Profit
$472M
Enterprise Value / Sales
4.39x
TEVNet Income
28.08x
Debt TEV
0.46x
Total Debt
$6.07B
Three Year Compounded Annual Growth Rate Of Revenue
-2.55%
Non-Profit Donations & Grants
$2,500 - $4,999
2019
$5,000 - $25K
2019
$6,000 - $10K
2018
Political Donations
$1,000
2012
$500
2012
$1,000
2012
Investments
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Moda Operandi, Inc. operates as an online retailer. The firm produces virtual trunk shows featuring ready-to-wear styles, shoes, handbags, jewelry, and accessories. It runs online designer trunkshows for customers to preorder products. The company was founded by Aslaug Magnufdottir and Lauren Santo Domingo in 2011 and is headquartered in New York, NY.

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Moveworks, Inc. develops a cloud-based AI platform. The firm’s AI platform combines machine learning, conversational-AI and natural language understanding (NLU) with deep integrations into enterprise systems to completely automate the resolution of information technology support issues. The company was founded by Jiang Chen, Varun Singh, Vaibhav Nivargi and Bhavin N. Shah in 2016 and is headquartered in Mountain View, CA.

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Sourced Group Worldwide, Inc. provides professional services that secure, migrate and manage hyper-scale cloud infrastructure for enterprise clients. It specializes in data warehousing, puppet enterprise edition, google cloud platform, microsoft azure, datadog, governance, and security. The company was founded by Jonathan Spinks in 2010 and is headquartered in Toronto, Canada.

Suppliers
Bund Center Investment Ltd. Real Estate | Singapore, Singapore

Bund Center Investment Ltd. operates as a holding company. The firm engages in the development of commercial and retail properties. It operates through the following segments: Hotel and Property Leasing. The Hotel segment encompasses the ownership of hotel, which is under the management of Westin Hotel Management LP. The Property Leasing segment refers to the ownership and leasing of investment properties. The company was founded on August 5, 2009 and is headquartered in Singapore.

CyberArk Software Ltd. Internet Software & Services | Petach Tikva, Israel

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.

Acorn Energy, Inc. Aerospace & Defense | Wilmington, DE

Acorn Energy, Inc. is a holding company, which engages in the provision of technology driven solutions for energy infrastructure asset management. It operates through the Power Generation (PG) and Cathodic Protection (CP) segments. The PG segment offers wireless remote monitoring and control systems and services for critical assets, as well as Internet of Things (IoT) applications. The CP segment includes remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies. The company was founded by George Morgenstern in 1986 and is headquartered in Wilmington, DE.

Competitors
BOK Financial Corporation Retail & Commercial Banking - Tulsa, OK

BOK Financial's overall growth objective is to increase long-term value by building on existing market leadership throughout the state of Oklahoma and expanding into high-growth metropolitan areas in the region. BOK Financial began its regional expansion with two small acquisitions in the Dallas area in 1997 and has grown average assets in Texas to nearly $5 billion. Today over half of BOK Financial's loans are attributed to markets outside of Oklahoma. One of BOK Financial's notable strengths is its diverse revenue streams. Noninterest revenue consistently represents more than 40% of total revenue. BOK Financial offers a broad range of financial products and services, including cash management services, mortgage banking, and brokerage and trading services to middle-market and small businesses, financial institutions and consumers. BOK Financial's vision is to provide sophisticated nationally competitive products with personal responsive client service. BOK Financial's balanced strategies have withstood varying economic cycles. By staying focused on core objectives which include investing in top talent, maintaining diverse revenue streams and expanding its presence in the region, BOK Financial has grown from a $2 billion Oklahoma bank to a $25 billion regional financial services company. BOK Financial's proven strategies create value for shareholders, clients, employees and communities

Zions Bancorporation, NA Retail & Commercial Banking - Salt Lake City, UT

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. The company was founded on February 17, 1961 and is headquartered in Salt Lake City, UT.

Huntington Bancshares, Inc. Retail & Commercial Banking - Bloomfield Hills, MI

Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.

Awards & Honors
Rank #765
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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