Comerica Company Review & Valuation
About Comerica Incorporated
Comerica Incorporated, through its subsidiaries, provides various financial products and services.
The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management.
The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination.
This segment also offers a range of consumer products comprising deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans.
The Wealth Management segment provides products and services consisting of fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services.
This segment also sells annuity products, as well as life, disability, and long-term care insurance products.
The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico.
Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.