Last 7 days
-3.7%
Last 30 days
-11.5%
Last 90 days
2.5%
Trailing 12 Months
-45.4%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-07-25 | Gardner Alan | acquired | - | - | 2,390 | - |
2023-07-25 | KANE JACQUELINE P | acquired | - | - | 2,390 | - |
2023-07-25 | Angulo Arthur G | acquired | - | - | 2,390 | - |
2023-07-25 | Van de Ven Michael G | acquired | - | - | 2,390 | - |
2023-07-25 | Collins Michael E. | acquired | - | - | 2,390 | - |
2023-07-25 | Smith Barbara | acquired | - | - | 2,390 | - |
2023-07-25 | Humrichouse Ximena G | acquired | - | - | 2,390 | - |
2023-07-25 | LINDNER RICHARD G | acquired | - | - | 2,390 | - |
2023-07-25 | TAUBMAN ROBERT S | acquired | - | - | 2,390 | - |
2023-07-25 | Avila Nancy | acquired | - | - | 2,390 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 81.00 | 21,881 | 50,451 | 0.01% |
2023-08-23 | Rehmann Capital Advisory Group | added | 22.6 | 83,108 | 507,022 | 0.04% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -71.72 | -807,537 | 306,463 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -30.7 | -462,710 | 965,808 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | Asset Dedication, LLC | sold off | -100 | -1,000 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -1.51 | -43,084 | 1,064,440 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.65 | -22,000 | 498,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -1.8 | -301,285 | 6,872,740 | 0.01% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 14,402 | 14,402 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Apr 06, 2023 | blackrock inc. | 10.1% | 13,313,694 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 13.03% | 17,061,475 | SC 13G/A | |
Feb 06, 2023 | state street corp | 5.97% | 7,823,905 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 9.3% | 12,167,743 | SC 13G/A | |
Feb 10, 2022 | state street corp | 6.38% | 8,368,694 | SC 13G/A | |
Feb 09, 2022 | vanguard group inc | 11.82% | 15,504,914 | SC 13G/A | |
Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 9.6% | 12,617,507 | SC 13G/A | |
Feb 11, 2021 | american century investment management inc | 0.44% | 618,072 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 10.77% | 14,977,562 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 11, 2023 | 8-K | Current Report | |
Aug 11, 2023 | 8-K | Current Report | |
Jul 31, 2023 | 3 | Insider Trading | |
Jul 31, 2023 | 3 | Insider Trading | |
Jul 31, 2023 | 3 | Insider Trading | |
Jul 28, 2023 | 3 | Insider Trading | |
Jul 28, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 3 | Insider Trading | |
Jul 27, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 436.6B | 173.2B | -0.79% | 29.18% | 9.13 | 2.52 | 35.92% | 22.61% |
BAC | 227.1B | 110.0B | -2.06% | -15.41% | 7.62 | 2.06 | 51.38% | 6.30% |
WFC | 158.6B | 72.5B | 0.89% | -0.61% | 9.72 | 2.19 | 73.83% | -8.32% |
USB | 52.8B | 25.2B | -6.39% | -22.62% | 9.1 | 2.09 | 79.85% | -14.63% |
PNC | 49.7B | 22.9B | 0.83% | -23.59% | 7.79 | 2.17 | 38.72% | 11.55% |
FHN | 6.1B | 3.5B | -11.71% | -51.31% | 5.45 | 1.72 | 63.30% | 33.69% |
MID-CAP | ||||||||
CFR | 6.6B | 2.0B | -2.47% | -33.62% | 10.07 | 3.77 | 87.42% | 64.02% |
BOKF | 6.1B | 1.9B | -3.36% | -14.34% | 9.54 | 3.2 | 63.51% | 27.47% |
ZION | 5.2B | 3.4B | 2.23% | -37.84% | 5.94 | 1.52 | 49.65% | 2.44% |
PNFP | 5.1B | 1.9B | -1.50% | -22.08% | 8.13 | 2.65 | 77.79% | 14.10% |
SMALL-CAP | ||||||||
PRK | 1.6B | 434.3M | -6.36% | -26.52% | 11.14 | 3.6 | 26.93% | -3.25% |
TRMK | 1.3B | 738.4M | -10.92% | -34.59% | 12.53 | 1.76 | 72.51% | -6.48% |
WABC | 1.1B | 270.1M | -6.63% | -23.24% | 7.32 | 4.19 | 51.23% | 68.79% |
HOPE | 1.1B | 919.0M | -6.74% | -37.65% | 5.91 | 1.17 | 55.57% | -16.98% |
3.4%
1.8%
-11.6%
4.5%
80.8%
63.9%
30.4%
Y-axis is the maximum loss one would have experienced if Comerica was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 15.8% | 3,649 | 3,152 | 2,672 | 2,270 | 2,009 | 1,911 | 1,901 | 1,916 | 1,911 | 1,943 | 2,093 | 2,263 | 2,490 | 2,706 | 2,807 | 2,852 | 2,816 | 2,739 | 2,619 | 2,565 | 2,469 |
Interest Expenses | 2.2% | 2,778 | 2,718 | 2,466 | 2,185 | 1,953 | 1,857 | 1,844 | 1,852 | 1,835 | 1,841 | 1,911 | 1,986 | 2,114 | 2,246 | 2,339 | 2,409 | 2,422 | 2,409 | 2,352 | 2,328 | 2,275 |
Net Income | 0.9% | 1,298 | 1,286 | 1,151 | 1,029 | 940 | 1,007 | 1,168 | 1,161 | 1,116 | 906 | 497 | 545 | 620 | 800 | 1,198 | 1,239 | 1,265 | 1,293 | 1,235 | 1,251 | 1,159 |
Net Income Margin | -100.0% | - | 0.41* | 0.43* | 0.45* | 0.47* | 0.53* | 0.61* | 0.61* | 0.58* | 0.46* | 0.24* | 0.24* | 0.25* | 0.30* | 0.43* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 1,810 | 638 | 470 | 279 | -235 | 634 | 413 | 187 | 388 | 928 | 941 | 1,409 | 1,749 | 1,090 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -0.4% | 90,761 | 91,127 | 85,406 | 84,143 | 86,889 | 89,165 | 94,616 | 94,529 | 88,355 | 86,291 | 88,129 | 83,631 | 84,397 | 76,337 | 73,402 | 72,848 | 72,537 | 70,690 | 70,818 | 71,448 | 71,987 |
Cash Equivalents | -4.8% | 10,223 | 10,734 | 6,282 | 5,970 | 7,533 | 13,550 | 22,679 | 23,589 | 16,501 | 14,871 | 15,767 | 11,141 | 13,311 | 4,855 | 5,818 | 4,117 | 3,581 | 3,481 | 4,561 | 5,839 | 5,660 |
Net PPE | -0.5% | 397 | 399 | 400 | 412 | 422 | 444 | 454 | 447 | 454 | 456 | 459 | 456 | 450 | 454 | 457 | 467 | 470 | 474 | 475 | 472 | 467 |
Liabilities | 0.0% | 85,166 | 85,133 | 80,225 | 79,074 | 80,454 | 82,129 | 86,719 | 86,726 | 80,424 | 78,139 | 80,079 | 75,757 | 76,595 | 68,935 | 66,075 | 65,648 | 65,214 | 63,281 | 63,311 | 63,662 | 63,908 |
Short Term Borrowings | - | - | - | 3,211 | 508 | - | - | - | - | - | - | - | 10.00 | 752 | 2,263 | 71.00 | 51.00 | 1,733 | 935 | 44.00 | 84.00 | 58.00 |
Long Term Debt | -1.7% | 6,961 | 7,084 | 3,024 | 3,016 | 2,630 | 2,682 | 2,796 | 2,837 | 2,854 | 2,852 | 5,728 | 5,754 | 6,521 | 7,434 | 7,269 | 7,311 | 6,558 | 6,848 | 6,463 | 6,418 | 5,583 |
Shareholder's Equity | -6.7% | 5,595 | 5,994 | 5,181 | 5,069 | 6,435 | 7,036 | 7,897 | 7,803 | 7,931 | 8,152 | 8,050 | 7,874 | 7,802 | 7,402 | 7,327 | 7,200 | 7,323 | 7,409 | 7,507 | 7,786 | 8,079 |
Retained Earnings | 1.5% | 11,648 | 11,476 | 11,258 | 11,005 | 10,752 | 10,585 | 10,494 | 10,366 | 10,202 | 9,975 | 9,727 | 9,511 | 9,404 | 9,389 | 9,538 | 9,369 | 9,176 | 8,979 | 8,781 | 8,587 | 8,374 |
Additional Paid-In Capital | 0.1% | 2,212 | 2,209 | 2,220 | 2,209 | 2,204 | 2,194 | 2,175 | 2,170 | 2,163 | 2,183 | 2,185 | 2,179 | 2,173 | 2,168 | 2,174 | 2,172 | 2,168 | 2,159 | 2,148 | 2,144 | 2,144 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -28.3% | 1,297 | 1,810 | 638 | 470 | 279 | -235 | 634 | 413 | 187 | 388 | 928 | 941 | 1,409 | 1,749 | 1,090 | 1,518 | 1,427 | 1,298 | 1,616 | 1,202 | 1,049 |
Share Based Compensation | -6.7% | 56.00 | 60.00 | 60.00 | 53.00 | 51.00 | 47.00 | 41.00 | 42.00 | 41.00 | 38.00 | 24.00 | 20.00 | 19.00 | 23.00 | 39.00 | 44.00 | 46.00 | 48.00 | 48.00 | 51.00 | 49.00 |
Cashflow From Investing | 63.2% | -2,858 | -7,761 | -9,952 | -9,975 | -8,205 | -2,482 | 1,723 | 3,198 | 431 | -60.00 | -4,602 | -3,534 | -2,017 | -3,789 | -494 | -461 | 51.00 | 1,064 | 1,156 | 93.00 | -443 |
Cashflow From Financing | 35.6% | 4,251 | 3,135 | -7,083 | -8,114 | -1,042 | 1,396 | 4,555 | 8,837 | 2,572 | 9,688 | 13,623 | 9,617 | 10,338 | 3,414 | 661 | -467 | -1,245 | -3,405 | -1,744 | -1,660 | -577 |
Dividend Payments | 1.4% | 357 | 352 | 353 | 354 | 357 | 363 | 369 | 374 | 374 | 375 | 375 | 381 | 390 | 398 | 402 | 405 | 362 | 309 | 263 | 213 | 203 |
Buy Backs | 0% | 19.00 | 19.00 | 43.00 | 93.00 | 310 | 760 | 729 | 679 | 459 | 8.00 | 199 | 351 | 721 | 1,150 | 1,394 | 1,743 | 1,873 | 1,613 | 1,338 | 985 | 632 |
Consolidated Statements Of Comprehensive Income (unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
INTEREST INCOME | ||||
Interest and fees on loans | $ 852 | $ 454 | $ 1,629 | $ 837 |
Interest on investment securities | 108 | 100 | 221 | 177 |
Interest on short-term investments | 114 | 23 | 173 | 32 |
Total interest income | 1,074 | 577 | 2,023 | 1,046 |
INTEREST EXPENSE | ||||
Interest on deposits | 201 | 4 | 319 | 8 |
Interest on short-term borrowings | 142 | 0 | 208 | 0 |
Interest on medium- and long-term debt | 110 | 12 | 167 | 21 |
Total interest expense | 453 | 16 | 694 | 29 |
Net interest income | 621 | 561 | 1,329 | 1,017 |
Provision for credit losses | 33 | 10 | 63 | (1) |
Net interest income after provision for credit losses | 588 | 551 | 1,266 | 1,018 |
NONINTEREST INCOME | ||||
Card fees | 72 | 69 | 141 | 138 |
Fiduciary income | 62 | 62 | 120 | 120 |
Service charges on deposit accounts | 47 | 50 | 93 | 98 |
Capital markets income | 39 | 43 | 78 | 72 |
Commercial lending fees | 18 | 17 | 36 | 33 |
Bank-owned life insurance | 14 | 12 | 24 | 25 |
Letter of credit fees | 11 | 9 | 21 | 18 |
Brokerage fees | 8 | 4 | 16 | 8 |
Other noninterest income | 32 | 2 | 56 | 0 |
Total noninterest income | 303 | 268 | 585 | 512 |
NONINTEREST EXPENSES | ||||
Salaries and benefits expense | 306 | 294 | 632 | 583 |
Outside processing fee expense | 68 | 62 | 132 | 124 |
Software expense | 43 | 41 | 83 | 80 |
Occupancy expense | 41 | 40 | 82 | 78 |
FDIC Insurance expense | 16 | 8 | 29 | 16 |
Equipment expense | 12 | 13 | 24 | 24 |
Advertising expense | 10 | 8 | 18 | 15 |
Other noninterest expenses | 39 | 16 | 86 | 35 |
Total noninterest expenses | 535 | 482 | 1,086 | 955 |
Income before income taxes | 356 | 337 | 765 | 575 |
Provision for income taxes | 83 | 76 | 168 | 125 |
NET INCOME | 273 | 261 | 597 | 450 |
Less: | ||||
Income allocated to participating securities | 2 | 1 | 3 | 2 |
Preferred stock dividends | 5 | 5 | 11 | 11 |
Net income attributable to common shares | $ 266 | $ 255 | $ 583 | $ 437 |
Earnings per common share: | ||||
Basic (in dollars per share) | $ 2.02 | $ 1.94 | $ 4.43 | $ 3.33 |
Diluted (in dollars per share) | $ 2.01 | $ 1.92 | $ 4.40 | $ 3.29 |
Comprehensive (loss) income | $ (312) | $ (520) | $ 583 | $ (1,292) |
Cash dividends declared on common stock | $ 94 | $ 89 | $ 188 | $ 178 |
Cash dividends declared per common share (in dollars per share) | $ 0.71 | $ 0.68 | $ 1.42 | $ 1.36 |
Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
ASSETS | ||
Cash and due from banks | $ 1,413 | $ 1,758 |
Interest-bearing deposits with banks | 8,810 | 4,524 |
Other short-term investments | 389 | 157 |
Investment securities available-for-sale | 17,415 | 19,012 |
Commercial loans | 31,745 | 30,909 |
Real estate construction loans | 3,983 | 3,105 |
Commercial mortgage loans | 13,851 | 13,306 |
Lease financing | 756 | 760 |
International loans | 1,282 | 1,197 |
Residential mortgage loans | 1,894 | 1,814 |
Consumer loans | 2,253 | 2,311 |
Total loans | 55,764 | 53,402 |
Allowance for loan losses | (684) | (610) |
Net loans | 55,080 | 52,792 |
Premises and equipment | 397 | 400 |
Accrued income and other assets | 7,257 | 6,763 |
Total assets | 90,761 | 85,406 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
Noninterest-bearing deposits | 31,067 | 39,945 |
Money market and interest-bearing checking deposits | 24,397 | 26,290 |
Savings deposits | 2,760 | 3,225 |
Customer certificates of deposit | 2,630 | 1,762 |
Other time deposits | 5,159 | 124 |
Foreign office time deposits | 2 | 51 |
Total interest-bearing deposits | 34,948 | 31,452 |
Total deposits | 66,015 | 71,397 |
Short-term borrowings | 9,558 | 3,211 |
Accrued expenses and other liabilities | 2,632 | 2,593 |
Medium- and long-term debt | 6,961 | 3,024 |
Total liabilities | 85,166 | 80,225 |
Fixed rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000, liquidation preference per share: Issued - 4,000 shares | 394 | 394 |
Common stock - $5 par value: Issued - 228,164,824 shares | 1,141 | 1,141 |
Capital surplus | 2,212 | 2,220 |
Accumulated other comprehensive loss | (3,756) | (3,742) |
Retained earnings | 11,648 | 11,258 |
Less cost of common stock in treasury - 96,449,879 shares at 6/30/2023 and 97,197,962 shares at 12/31/2022 | (6,044) | (6,090) |
Total shareholders’ equity | 5,595 | 5,181 |
Total liabilities and shareholders’ equity | $ 90,761 | $ 85,406 |