Comerica Inc

NYSE CMA

Download Data

Comerica Inc Capital Expenditure To Sales 2 year CAGR for the quarter ending March 31, 2024: 26.91%

Comerica Inc Capital Expenditure To Sales 2 year CAGR is 26.91% for the quarter ending March 31, 2024, a 206.09% change year over year. The capital expenditure ratio measures the proportion of a company's revenue allocated to capital expenditures. It is calculated by dividing capital expenditures by revenue. This ratio indicates the extent to which a company invests in long-term assets relative to its sales. A higher ratio suggests a higher level of investment in the expansion and improvement of the company's asset base. 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 Capital Expenditure To Sales for the quarter ending March 31, 2022 was 2.43%, a -3.80% change year over year.
  • Comerica Inc Capital Expenditure To Sales for the quarter ending March 31, 2021 was 2.52%, a 26.23% change year over year.
  • Comerica Inc Capital Expenditure To Sales for the quarter ending March 31, 2020 was 2.00%, a 5.50% 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.

Similar companies

WAL

Western Alliance Bancorporation

NA

NA

TFC

Truist Financial Corp

NA

NA

ZION

Zions Bancorporation

NA

NA

HBAN

Huntington Bancshares Incorporated

NA

NA

USB

U.S. Bancorp

NA

NA

RF

Regions Financial Corporation

NA

NA

PNC

PNC Financial Services Group Inc

NA

NA

StockViz Staff

September 20, 2024

Any question? Send us an email