Comerica announces executive leadership change

Dallas-based Comerica Incorporated (NYSE:CMA), a financial services company with a market capitalization of $7.7 billion, reported on Wednesday a forthcoming change in its executive team. Brian S. Goldman, Senior Executive Vice President and Chief Risk Officer, has tendered his resignation effective May 23, 2025. Goldman is leaving to pursue another professional opportunity. The company, which has maintained dividend payments for 55 consecutive years and currently offers a 4.85% dividend yield, continues to demonstrate financial stability with a Fair overall health score according to InvestingPro analysis.

The company clarified that Goldman’s departure is not related to any disagreements with Comerica’s operations or its Board of Directors. Comerica has commenced the process to find a permanent replacement for the Chief Risk Officer position.

In the interim, beginning May 23, 2025, Melinda A. Chausse, who currently serves as Senior Executive Vice President and Chief Credit Officer, will assume the additional role of Chief Risk Officer. The announcement comes as part of a current report filing with the Securities and Exchange Commission dated May 8, 2025.

This leadership transition is a significant move for Comerica, which is headquartered at Comerica Bank Tower in Dallas, Texas, and is incorporated in Delaware. The company is listed on the New York Stock Exchange under the ticker symbol CMA and is known for its national commercial banking services.

Investors and stakeholders are keeping a close watch as the company navigates through this period of change in its executive suite. The search for a new Chief Risk Officer is underway as Comerica continues to uphold its commitment to effective risk management and strategic leadership.

The information reported is based on Comerica’s recent SEC filing.

In other recent news, Comerica Incorporated reported earnings per share (EPS) of $1.25, surpassing Wall Street’s estimate of $1.14. Despite this earnings beat, Comerica has revised its revenue projections downward, citing a weaker loan outlook and reduced fee income. Analysts at DA Davidson have adjusted their price target for Comerica to $56 from $62, maintaining a Neutral rating due to these challenges. UBS also maintained a Neutral rating with a $59 price target, noting that while net interest income was higher than expected, overall revenue was in line with expectations.

In corporate developments, Comerica announced the appointment of Eric Teal as its new Chief Investment Officer. Teal will be responsible for shaping the company’s investment strategy and enhancing its investment management brand. Additionally, Evercore ISI downgraded Comerica’s stock rating to Underperform and reduced the price target to $50, citing concerns over revenue headwinds and limited expense flexibility. The analysts noted that Comerica’s stock trades at a premium compared to its peers, which may face pressure due to ongoing earnings risks.

Furthermore, Comerica held its annual meeting, where shareholders voted on key proposals, including the election of eleven directors and the appointment of Ernst & Young LLP as the independent registered public accounting firm. These developments highlight a period of strategic adjustments and cautious outlooks for Comerica as it navigates current financial challenges.

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