Comerica Incorporated · Dallas, TX United States ·(NYSE: CMA)
Company Description
Phone: 214-462-6831
Rankings
- #487 in FORTUNE 500
- S&P 500
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This link will open in a new window If you have a cosigner, Comerica will be your copilot. Organized into three business lines, the holding company's Business Bank division focuses on business and asset-based lending to middle-market, large corporate, and government entities; it offers lines of credit and international trade finance, among other services. The Retail Bank provides small business and consumer banking services including deposits, mortgages, small-business loans, and merchant services. The Wealth and Institutional Management arm deals in private banking and asset management, trust products, insurance, and retirement services. Comerica has about 480 branches and other offices, mostly in Arizona, California, Michigan, and Texas.
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Key Comerica Incorporated Financials
| Company Type | Public - NYSE: CMA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,708.0 |
| 2008 Employees | 10,639 |
Comerica Incorporated Executives
65 executives listed for Comerica Incorporated's Dallas, TX location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Comerica Incorporated and Comerica Bank | Ralph Babb | Network |
| Vice Chairman, Comerica Incorporated and Comerica Bank | Joseph Buttigieg | Network |
| EVP and CFO, Comerica Incorporated and Comerica Bank | Elizabeth Acton | Network |
Competition
Competitive Landscape for Comerica Incorporated
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Comerica Incorporated Competitors
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