Quarterlytics / Financial Services / Banks - Regional / Comerica

Comerica

CMA · NYSE Financial Services
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Ticker CMA
Exchange NYSE
Sector Financial Services
Industry Banks - Regional
Employees 5001-10,000

Business description

Dallas-based Comerica Incorporated, founded in 1849, offers an array of financial products and services through its various subsidiaries. The company operates through four segments: Commercial Bank, Retail Bank, Wealth Management, and Finance. Within the Commercial Bank, customers can avail various commercial loans and lines of credit, deposits, cash and capital market products, international trade finance, foreign exchange management services, loan syndication services as well as payment and card services for small and middle-market businesses, multinational corporations, and government entities. Meanwhile, the Retail Bank segment offers personal financial services like consumer lending, mortgage loan origination, deposit gathering and various consumer products, such as credit cards and residential mortgage loans. The Wealth Management segment offers a range of products and services, including retirement, investment management and advisory, private banking, investment banking and brokerage services, as well as annuity and insurance products. Finally, the Finance segment of the company deals in securities portfolio, and asset and liability management activities. Comerica Incorporated has a wide geographical reach with operations in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was previously called DETROITBANK Corporation and changed its name to Comerica Incorporated in 1982.

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Company facts
TickerCMA
ExchangeNYSE
Sector Financial Services
Industry Banks - Regional
Employees5001-10,000