Comerica Directors Increase Quarterly Dividend 12 Percent To 19 Cents Per Share

  Comerica Directors Increase Quarterly Dividend 12 Percent To 19 Cents Per
                                    Share

PR Newswire

DALLAS, Jan. 21, 2014

DALLAS, Jan. 21, 2014 /PRNewswire/ -- The Board of Directors of Comerica
Incorporated today increased the quarterly cash dividend for common stock 12
percent to 19 cents ($0.19) per share. The dividend is payable April 1, 2014,
to common stock shareholders of record on March 14, 2014.

(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)

"The dividend increase reflects our company's strong capital position and
solid financial performance," said Ralph W. Babb Jr., chairman and chief
executive officer. "As we have done historically, we expect to continue to
actively manage capital in a way that maximizes returns to shareholders while
ensuring that we meet regulatory capital requirements. We repurchased 7.4
million shares of common stock in 2013 under our share repurchase program.
Combined with dividends, we returned 76 percent of 2013 net income to
shareholders."

A first quarter 2014 dividend increase was contemplated under Comerica's 2013
Capital Plan, to which the Federal Reserve did not object last March.

Comerica Incorporated (NYSE: CMA) is a financial services company
headquartered in Dallas, Texas, and strategically aligned by three business
segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica
focuses on relationships, and helping people and businesses be successful. In
addition to Texas, Comerica Bank locations can be found in Arizona,
California, Florida and Michigan, with select businesses operating in several
other states, as well as in Canada and Mexico.

Forward-looking Statements

Any statements in this news release that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Words such as "anticipates,"  "believes,"  "contemplates,"
"feels,"  "expects,"  "estimates,"  "seeks,"  "strives,"  "plans,"  "intends,"
"outlook,"  "forecast,"  "position,"  "target,"  "mission,"  "assume," 
"achievable,"  "potential,"  "strategy,"  "goal,"  "aspiration," 
"opportunity,"  "initiative,"  "outcome,"  "continue,"  "remain,"  "maintain,"
"on course,"  "trend,"  "objective,"  "looks forward" and variations of such
words and similar expressions, or future or conditional verbs such as "will," 
"would,"  "should,"  "could,"  "might,"  "can,"  "may" or similar expressions,
as they relate to Comerica or its management, are intended to identify
forward-looking statements. These forward-looking statements are predicated on
the beliefs and assumptions of Comerica's management based on information
known to Comerica's management as of the date of this news release and do not
purport to speak as of any other date. Forward-looking statements may include
descriptions of plans and objectives of Comerica's management for future or
past operations, products or services, and forecasts of Comerica's revenue,
earnings or other measures of economic performance, including statements of
profitability, business segments and subsidiaries, estimates of credit trends
and global stability. Such statements reflect the view of Comerica's
management as of this date with respect to future events and are subject to
risks and uncertainties. Should one or more of these risks materialize or
should underlying beliefs or assumptions prove incorrect, Comerica's actual
results could differ materially from those discussed. Factors that could cause
or contribute to such differences are changes in general economic, political
or industry conditions; changes in monetary and fiscal policies, including the
interest rate policies of the Federal Reserve Board; volatility and
disruptions in global capital and credit markets; changes in Comerica's credit
rating; the interdependence of financial service companies; changes in
regulation or oversight; unfavorable developments concerning credit quality;
any future acquisitions or divestitures; the effects of more stringent capital
or liquidity requirements; declines or other changes in the businesses or
industries of Comerica's customers; the implementation of Comerica's
strategies and business models; Comerica's ability to utilize technology to
efficiently and effectively develop, market and deliver new products and
services; operational difficulties, failure of technology infrastructure or
information security incidents; changes in the financial markets, including
fluctuations in interest rates and their impact on deposit pricing;
competitive product and pricing pressures among financial institutions within
Comerica's markets; changes in customer behavior; management's ability to
maintain and expand customer relationships; management's ability to retain key
officers and employees; the impact of legal and regulatory proceedings or
determinations; the effectiveness of methods of reducing risk exposures; the
effects of terrorist activities and other hostilities; the effects of
catastrophic events including, but not limited to, hurricanes, tornadoes,
earthquakes, fires, droughts and floods; changes in accounting standards and
the critical nature of Comerica's accounting policies. Comerica cautions that
the foregoing list of factors is not exclusive. For discussion of factors that
may cause actual results to differ from expectations, please refer to our
filings with the Securities and Exchange Commission. In particular, please
refer to "Item 1A. Risk Factors" beginning on page 13 of Comerica's Annual
Report on Form 10-K for the year ended December 31, 2012 and "Item 1A. Risk
Factors" beginning on page 68 of Comerica's Quarterly Report on Form 10-Q for
the quarter ended June 30, 2013. Forward-looking statements speak only as of
the date they are made. Comerica does not undertake to update forward-looking
statements to reflect facts, circumstances, assumptions or events that occur
after the date the forward-looking statements are made. For any
forward-looking statements made in this news release or in any documents,
Comerica claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995.

SOURCE Comerica Incorporated

Website: http://www.comerica.com
Contact: Media, Wayne Mielke, (214) 462-4463, Investor, Darlene Persons, (214)
462-6831, Brittany Butler, (214) 462-6834
 
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