Comerica Inc

NYSE CMA

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Comerica Inc Income Tax Provision 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -8.96%

Comerica Inc Income Tax Provision 5 year CAGR is -8.96% for the Trailing 12 Months (TTM) ending March 31, 2024, a -62.94% change year over year. Income Tax Provision is the amount of income tax expenses recorded by a company in a given period. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Comerica Inc Income Tax Provision for the Trailing 12 Months (TTM) ending March 31, 2023 was USD 361.00 M, a 32.23% change year over year.
Comerica Inc Income Tax Provision for the Trailing 12 Months (TTM) ending March 31, 2022 was USD 273.00 M, a 15.68% change year over year.
Comerica Inc Income Tax Provision for the Trailing 12 Months (TTM) ending March 31, 2021 was USD 236.00 M, a 3.51% change year over year.
Comerica Inc Income Tax Provision for the Trailing 12 Months (TTM) ending March 31, 2020 was USD 228.00 M, a -31.12% change year over year.

NYSE: CMA

Comerica Inc

CEO	Mr. Curtis Chatman Farmer
IPO Date	March 26, 1990
Location	United States
Headquarters	Comerica Bank Tower, Dallas, TX, United States, 75201
Employees	7,619
Sector	Financial Services
Industry	Banks - regional

Description

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

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