**Comerica Incorporated Profile Summary**
As per the latest available data on Yahoo Finance, here is a concise overview of Comerica Incorporated (CMA):
* **Sector:** Financial Services * **Industry:** Banks - Regional * **Founded:** 1849 * **Headquarters:** Dallas, Texas, USA * **Number of Employees:** Approximately 7,818 (as of the latest update) * **Description:** Comerica Incorporated is a financial services company engaged in commercial banking, retail banking, and wealth management. It operates through the Business Bank, Retail Bank, Wealth Management, and Finance segments, serving small and middle-market businesses, national corporations, and individuals.**Key Financial Highlights (latest available):**
* **Market Cap:** Around $8.5 Billion USD * **Enterprise Value:** Approximately $12.3 Billion USD * **Trailing 12-Month Revenue:** About $3.44 Billion USD * **Trailing 12-Month Net Income:** Roughly $622 Million USD**Removal from S&P 500 in 2024: Explanation**
**Note:** As of my last update, specific reasons for Comerica's removal from the S&P 500 in 2024 are not explicitly stated in the publicly available data up to my knowledge cutoff. The S&P 500 Index by S&P Dow Jones Indices is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. stock market. Companies can be removed from the index for several reasons, including but not limited to:
* **Market Capitalization:** A significant decline in market capitalization, potentially due to financial performance issues or broader market conditions. * **Merger or Acquisition:** If Comerica were to be acquired or merge with another entity in a way that alters its publicly traded status or significantly reduces its market capitalization. * **Sector Realignment:** Changes in the company's primary business operations that no longer align with the index's sector representation goals. * **Bankruptcy or Delisting:** Though highly unlikely given the company's historical stability, any move towards bankruptcy proceedings or voluntary delisting from major exchanges.**Important Note:** Without direct access to the most current news or an official statement from S&P Dow Jones Indices regarding Comerica's removal (assuming the removal occurred as stated), the above explanations are speculative based on common reasons for index removals. For the most accurate and up-to-date information, please consult the latest press releases from S&P Dow Jones Indices or financial news outlets covering the event.