How safe is Comerica bank? (2024)

How safe is Comerica bank?

At Comerica, we are fully committed to safeguarding your financial information and assets, ensuring the utmost security of your accounts.

Is Comerica Bank financially stable?

Fitch Ratings - Toronto - 12 Oct 2023: Fitch Ratings has affirmed Comerica Incorporated (CMA) and Comerica Bank's Long-Term Issuer Default Rating (IDR) at 'A-'. At the same time, Fitch has downgraded the Short-Term IDR to 'F2' from 'F1'. The Rating Outlook is revised to Negative from Stable.

How risky is Comerica Bank?

Comerica is an FDIC-insured financial institution, so if you open an individual bank account, up to $250,000 is secure.

Is my money safe at Comerica Bank?

Comerica Bank is a Member FDIC. As such, the FDIC insures all deposits at Comerica Bank. ​Depositor Types: FDIC coverage is available to all depositors, including consumers, businesses, and government entities.

Is Comerica a good Bank to Bank with?

While there are many types of accounts available, they tend to have low yields and high monthly fees. However, there are ways to waive the monthly fees on each account. The bank's website is fairly easy to navigate and offers a transparent breakdown of fees and rates.

Why is Comerica being downgraded?

Dallas-based Comerica Inc., which was headquartered in Detroit until 2007, was one. High amounts of unrealized securities losses, a lower level of capitalization and a greater share of deposits above the FDIC's insurance threshold contributed to the review, Megan Fox, senior analyst, wrote in a note.

What is the financial condition of Comerica?

Comerica Balance Sheet Health

Comerica has total assets of $85.8B and total equity of $6.4B. Total deposits are $66.8B, and total loans are $51.4B.

Where does Comerica Bank rank?

List of largest banks in the United States
RankBank nameCET1 capital requirement (2022)
37Comerica
38First Horizon National Corporation
39Raymond James Financial
40Webster Bank
82 more rows

Which banks are riskiest?

These Banks Are the Most Vulnerable
  • First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
  • Huntington Bancshares (HBAN) . Above average capital risk.
  • KeyCorp (KEY) . Above average capital risk.
  • Comerica (CMA) . ...
  • Truist Financial (TFC) . ...
  • Cullen/Frost Bankers (CFR) . ...
  • Zions Bancorporation (ZION) .
Mar 16, 2023

Is Comerica Bank losing deposits?

Deposits at the company, which peaked at $82 billion during the pandemic, have been shrinking for several quarters.

Is Comerica Bank solid?

Comerica is a strong company with a solid capital position, high liquidity, excellent credit results and tenured colleagues.

Is Comerica a small bank?

Comerica, one of the 25 largest U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.

Is Comerica a major bank?

It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities. Dallas, Texas, U.S.

Who is Comerica Bank owned by?

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.

What is Comerica Bank known for?

As a regional bank, Comerica occupies a unique niche within the banking industry, combining a number of “big bank” products and services with a more localized and personalized touch reminiscent of community institutions. We're focused on delivering tremendous value to both our customers and the communities we serve.

Who runs Comerica Bank?

Curtis C.

Farmer joined Comerica as Executive Vice President of Wealth Management in 2008. He was named Vice Chairman of Comerica's Retail Bank and Wealth Management divisions in 2011, and President, Comerica Incorporated and Comerica Bank in 2015.

Which banks are in trouble in US?

List of Recent Failed Banks
Bank NameCityCert
Heartland Tri-State BankElkhart25851
First Republic BankSan Francisco59017
Signature BankNew York57053
Silicon Valley BankSanta Clara24735
1 more row
Feb 29, 2024

Is Comerica Bank insured?

Comerica Bank is a covered insured depository institution (“CIDI”) with total consolidated assets in excess of $50 billion and is therefore required to submit a plan for resolution pursuant to the FDI Act.

What 5 banks are downgraded today?

The ratings agency said in a research note that the current “tough” lending environment caused it to downgrade the five banks, which include KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp. and Associated Banc-Corp.

Is Comerica a US bank?

Comerica is among the 25 largest U.S. banking companies.

What state is Comerica Bank out of?

Comerica is headquartered in Dallas, Texas, the US.

How big is Comerica Bank?

Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $85.8 billion at December 31, 2023.

Which is the No 1 bank of USA?

1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.

What is the best bank to bank with?

Best Banks in California
  • Bank of America – Best Overall Bank.
  • Lili Banking Services: A Modern Banking Solution for Small Businesses.
  • Chase Bank – Best for Checking Account.
  • Wells Fargo – Best for Small Business.
  • Ally Bank – Best for Savings Account.
  • US Bank – Best for Customer Service.
Feb 15, 2024

Is Direct Express part of Comerica Bank?

Direct Express® and the Direct Express® logo are registered service marks of the U.S. Department of the Treasury, Financial Management Service (used with permission). The Direct Express® Debit MasterCard® card is issued by Comerica Bank, pursuant to a license by MasterCard International Incorporated.

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