Comerica Incorporated · Dallas, TX United States · (NYSE: CMA)
Company Description
Phone:
Toll Free: 800-925-2160
Rankings
- S&P 500
More Companies in: Dallas, Texas
More Companies in These Related Industries: Export Import Banking, Investment Services, Banking, Lending & Credit Services, Consumer Lending, Commercial Banking
View Comerica Incorporated Locations On A US Map
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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
67 executives listed for Comerica Incorporated's Dallas, TX location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Comerica Incorporated and Comerica Bank | Ralph Babb | |
| Vice Chairman, Comerica Incorporated and Comerica Bank | Joseph Buttigieg | |
| EVP and CFO, Comerica Incorporated and Comerica Bank | Elizabeth Acton |
Competition
Competitive Landscape for Comerica Incorporated
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Comerica Incorporated Competitors
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