Comerica Inc.
Comerica Reports Q3 2024 Financial Results
Summary
Comerica Incorporated reported third-quarter 2024 net income of $184 million, or $1.33 per share, which was lower than the $206 million, or $1.49 per share, reported in the second quarter. Net interest income remained stable at $534 million, and the company maintained strong credit quality with a common equity Tier 1 capital ratio of 11.97%. Additionally, Comerica expects to resume its share repurchase program targeting $100 million in the fourth quarter. These results and plans were disclosed in a press release furnished as Exhibit 99.1.
Profitelligence Alerts
Get alerts for CMA
Be first to know when Comerica Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Comerica Inc.
Comerica Inc. is a leading financial services company that primarily focuses on commercial banking, retail banking, and wealth management services. Its operations are segmented across various divisions, which include the Business Bank, Retail Bank, and Wealth Management. Comerica Inc. is known for providing comprehensive financial solutions to both individual clients and businesses, with a strong emphasis on serving the middle-market business sector. Headquartered in Dallas, Texas, Comerica has a significant presence in key markets such as Texas, California, and Michigan, among others. In the financial market, Comerica Inc. plays a vital role by offering tailored financial products and services that support the economic growth of communities and enhance the financial well-being of its clients. Additionally, its commitment to robust risk management practices and community involvement highlights its integral role in the banking industry.
Official SEC Documents
Advertisement