
Comerica's Net Income Falls 21% as Rates Squeeze Margins
Comerica IncorporatedDescription
What this story covers
Comerica's 2024 10-K reveals net income down 21% to $698M amid high rates and loan declines, with net interest income dropping 13%. Strategic exits and partnerships boost diversification, while strong capital (CET1 11.89%) and low charge-offs signal resilience in a challenging environment.
Story snapshot
CompanyComerica Incorporated
TickerCMA
VariantStandard detailed
Duration13:42
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0000028412-25-000108
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