Comerica Bank
Comerica Bank
Comerica Inc is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking.
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While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.
July 2 -
They join an ever-expanding list of companies choosing to close offices early Friday to observe the day that commemorates the end of slavery.
June 17 -
Leaders of companies including Citizens, Comerica and Truist offered more upbeat assessments of loan demand and credit quality than they have in recent weeks. But others warned of weakness in key sectors such as energy and real estate, and said forbearance policies may be hiding potential pitfalls.
June 9 -
Rather than selling off assets at a steep discount, the Dallas company is considering taking equity positions in energy firms struggling to make loan payments in the wake of collapsing prices.
April 21 -
The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.
January 29 -
The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.
January 23 -
The Dallas bank’s troubled energy loans reached a nearly two-year high as crude prices plummeted.
January 21 -
Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.
January 12 -
Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.
January 7 -
Comerica will continue to handle the U.S. Treasury’s Direct Express prepaid card program, beating out other banks for the third time since the program launched in 2008, despite a high-profile glitch in 2018 that drew lawmakers’ scrutiny.
January 7