Comerica Bank

2Q preview: Regional banks staring at steep profit declines

07/02/20

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.

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JPMorgan, PNC, Comerica are latest to declare 'Juneteenth' a holiday

06/17/20

They join an ever-expanding list of companies choosing to close offices early Friday to observe the day that marks the end of slavery.

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Guarded optimism from bank execs as economy reopens

06/09/20

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.

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Comerica mulls keeping stakes in troubled oil, gas companies

04/21/20

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.

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Amex names ex-Comerica executive to its board

01/29/20

The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.

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Comerica names new chief credit officer in latest management shake-up

01/23/20

The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.

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Comerica stung by falling oil prices

01/21/20

The Dallas bank’s troubled energy loans reached a nearly two-year high as crude prices plummeted.

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11 bankers and disruptors to watch in 2020

01/12/20

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.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

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.

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Comerica CEO won’t rule out acquisitions

01/02/20

While his focus is on organic growth in Texas and California, Curt Farmer says he would consider a deal in those states if the right one comes along.

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