The most recent annualized quarterly return on equity for Comerica Bank was 10.43 percent, above the national average of 8.10 percent. The bank reported net income of $784.6 million on total equity of $7.41 billion for the twelve months ended December 31, 2017.
Comerica still maintains a strong presence in Detroit – the Detroit Tigers play in Comerica Park, in fact – but in the last 2000s the company relocated its headquarters to Dallas, Texas. As of this writing, Comerica Bank is the 35th largest bank in the United States with around $65 billion in assets.
Comerica offers many different types of home and personal loans to help you fulfill your goals in life, including mortgages, auto loans, student loans, and more.
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Comerica mortgage solutions help you maximize your most important investment – your home. Comerica offers the following mortgage types: Fixed-rate, long-term mortgages; Adjustable-rate mortgages (ARMS) Jumbo/ Superjumbo loans . Save up to $500 off closing costs 1. If you qualify, you’ll receive up to $500 off home mortgage closing costs.
Other areas such as consumer lending and residential mortgage loans declined as well. Following the most recent interest rate hike from the Federal Reserve, Comerica boosted the rates that it pays.
Mortgage rates tend to track those yields. “It’s a great opportunity for people to refinance if they have the equity to reduce monthly payments,” said Dana Johnson, chief economist at Comerica Inc. in.
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You may also be eligible for lower interest rates on a Comerica mortgage and/or lower closing costs as well as higher interest rates on CDs.
The Comerica Bank mortgage calculators are provided to help inform users as to the various home financing options available to them. For detailed information regarding Comerica’s mortgage loan offers, please visit their ‘Mortgage Center’ website. Common mortgage and home financing questions can be answered by a mortgage specialist at this number (800-867-5188) on their general FAQ webpage.
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