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Wednesday December 31, 2008 — Comerica Bank
PHOENIX, Dec. 30 /PRNewswire-FirstCall/ -- The opening of a new Comerica Bank banking center in Avondale capped another year of growth for the bank in Maricopa County. The new office at 10115 W. McDowell Road is Comerica's second Arizona banking center this month, the fourth in 2008, and the 12th...
Wednesday December 31, 2008 — Comerica Bank
LOS ANGELES, Dec. 30 /PRNewswire-FirstCall/ -- The opening this month of three more Comerica banking centers in Southern California capped another year of growth for the Dallas-based bank. Ten of the 14 new banking centers opened in 2008 in California were in five Southern California counties, in...
Wednesday December 24, 2008 — Zacks.com: Analyst Blog
Today is a big day for housing data, and none of it looks good. In November nationwide, existing home sales fell to a seasonally adjusted annual rate of 4.49 million, down 8.6% from 4.91 million in October and down 10.6% from a year ago. All regions of the country were down on a month to ...
Tuesday December 23, 2008 — Comerica Incorporated
DALLAS, Dec. 22 /PRNewswire-FirstCall/ -- Comerica Incorporated will announce its fourth quarter and full-year 2008 earnings prior to the market opening on Thursday, January 22, 2009.(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)Comerica will host a conference call to review fourt...
Wednesday December 17, 2008 — Comerica Bank
DALLAS, Dec. 16 /PRNewswire-FirstCall/ -- Comerica Bank announced it will lower its prime rate to 3.25 percent from 4.00 percent effective today, December 16, 2008.(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)Comerica Incorporated is a financial services company headquartered in D...
Thursday December 11, 2008 — Comerica Bank
DALLAS, Dec. 10 /PRNewswire-FirstCall/ -- Comerica Bank's October Michigan Business Activity Index fell 2 points, to a level of 83. October's figure is the lowest level in more than 14 years. Compared to a year earlier, the October Index is down 11 points on balance. Over the most recent 10 month...
Friday December 5, 2008 — Comerica Incorporated
DALLAS, Dec. 5 /PRNewswire-FirstCall/ -- Comerica Incorporated today announced that it and two of its subsidiaries, Comerica Bank and Comerica Bank Trust, National Association, have formally elected to continue their participation in the Federal Deposit Insurance Corporation (FDIC) Temporary Li...
Saturday November 22, 2008 — Comerica Bank
LOS ANGELES, Nov. 21 /PRNewswire-FirstCall/ -- Comerica Bank today announced the opening of a new full-service banking center located at 2915 Townsgate Road in Westlake Village, its first office in Ventura County.(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)"We couldn't think of a...
Thursday November 20, 2008 — Comerica Inc.
OAKLAND, Calif., Nov. 19 /PRNewswire-FirstCall/ -- Comerica Inc. today announced two grants totaling $20,000 to Lincoln Elementary School in Oakland. The grants will enable the award-winning school to restore after-school programs that had been the victim of city budget cuts.(Logo: http://www.ne...
Wednesday November 19, 2008 — Comerica Incorporated
DALLAS, Nov. 18 /PRNewswire-FirstCall/ -- The Board of Directors of Comerica Incorporated today declared a quarterly cash dividend for common stock of thirty-three cents ($0.33) per share. The dividend is payable January 1, 2009, to shareholders of record December 15, 2008.(Logo: http://www.new...
Saturday November 15, 2008 — Comerica Bank
DALLAS, Nov. 14 /PRNewswire-FirstCall/ -- Comerica Bank's Michigan Tourism Index fell to 94 in the third quarter on a preliminary basis, down one point from the second quarter. This marks the Index's lowest level since fourth quarter 2001 when the economy was last in recession. Over the first thr...
Saturday November 15, 2008 — Comerica Incorporated
DALLAS, Nov. 14 /PRNewswire-FirstCall/ -- Comerica Incorporated today announced it has issued to the U.S. Department of the Treasury ("Treasury") 2.25 million shares of Comerica's Fixed Rate Cumulative Perpetual Preferred Stock, Series F without par value. The preferred securities have a liquid...
Friday November 14, 2008 — Comerica Incorporated
DALLAS, Nov. 13 /PRNewswire-FirstCall/ -- Comerica Incorporated today announced that it will participate in the Fox-Pitt Kelton Cochran Caronia Waller Financial Services Conference, to be held November 19-21, 2008, at The Ritz-Carlton in Key Biscayne, Florida.(Logo: http://www.newscom.com/cgi-bi...
Tuesday November 11, 2008 — Comerica Bank
DALLAS, Nov. 10 /PRNewswire-FirstCall/ -- The purchase of an average-priced new vehicle took 24.1 weeks of median family income in the third quarter, according to the Auto Affordability Index compiled by Comerica Bank. The latest reading is up 1.0 week from the second quarter and down 1.1 weeks ...
Friday November 7, 2008 — Comerica Bank
DALLAS, Nov. 6 /PRNewswire-FirstCall/ -- Comerica Bank's preliminary September Michigan Business Activity Index fell 1 point, to a level of 85. The Index is currently 1 point below August's revised level of 86. September's advanced figure is the lowest level in 14 years. Compared to a year earlie...
Thursday November 6, 2008 — Comerica Incorporated
DALLAS, Nov. 6 /PRNewswire-FirstCall/ -- Comerica Incorporated today announced that it will make a presentation at the Sandler O'Neill Partners, L.P. 2008 East Coast Financial Services Conference, to be held November 12-14, 2008, at The Ritz-Carlton in Palm Beach, Florida.(Logo: http://www.new...
Thursday October 30, 2008 — Zacks.com: Analyst Blog
Detroit-based Comerica Incorporated(CMA) is one of the top 20 banks in the country. CMA delivers financial services in four primary geographic markets Michigan/Midwest, California/West, Texas and Florida but also has operations in numerous other states as well as in Canada and Mexico.
Co...
Thursday October 30, 2008 — Comerica Bank
DALLAS, Oct. 29 /PRNewswire-FirstCall/ -- Comerica Bank announced it will lower its prime rate to 4.00 percent from 4.50 percent effective today, October 29, 2008.(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)Comerica Incorporated is a financial services company headquartered in Da...
Thursday October 30, 2008 — Comerica Bank
OAKLAND, Calif., Oct. 29 /PRNewswire-FirstCall/ -- Comerica Bank announced a $200,000 grant to the Oakland Business Development Corporation for loans for small businesses.(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)The announcement was made Oct. 28 by Mike Fulton, president and C...
Thursday October 30, 2008 — Comerica Bank
LOS ANGELES, Oct. 29 /PRNewswire-FirstCall/ -- The Southern California Chapter of the Arthritis Foundation will present the 21st "Commitment To A Cure" Awards Gala on Wednesday, November 19th, beginning at 5:30 p.m. at the Beverly Wilshire Beverly Hills hotel. The highlight of the evening will be...
Monday October 27, 2008 — Comerica Incorporated
DALLAS, Oct. 27 /PRNewswire-FirstCall/ -- Comerica Incorporated today announced it has received preliminary approval from the U.S. Treasury Department ("Treasury") to participate in the Treasury's Capital Purchase Program in the amount of $2.25 billion. This participation is expected to raise C...
Tuesday October 21, 2008 — Zacks.com: Analyst Blog
Comerica (CMA) reported 3Q08 income from continuing operations of $0.18 per diluted share. Excluding the one-time items, we estimate the operating earnings at $0.53 per diluted share, a penny short of our estimate.Credit metrics worsened further during the quarter. After reviewing the res...
Friday October 17, 2008 — Comerica Incorporated
DALLAS, Oct. 17 /PRNewswire-FirstCall/ -- Comerica Incorporated today reported third quarter 2008 income from continuing operations of $27 million, or $0.18 per diluted share, compared to $56 million, or $0.37 per diluted share, for the second quarter 2008 and $180 million, or $1.17 per diluted ...
Friday October 17, 2008 — Comerica Incorporated
CONSOLIDATED FINANCIAL HIGHLIGHTS
Comerica Incorporated and Subsidiaries
Three Months Ended
September 30, June 30, September 30,
(in millions, except per share data) 2008 2008 ...
Thursday October 16, 2008 — Comerica Bank
LOS ANGELES, Oct. 15 /PRNewswire-FirstCall/ -- Comerica Bank has opened a new full-service banking center in Marina Del Rey. Located at 4040 Lincoln Blvd., the banking center is four miles north of Los Angeles International Airport (LAX) and walking distance to Venice Beach. Comerica Bank now op...