Financial News

Comerica Reports First Quarter 2007 Earnings
Positive Financial Performance Net Interest Margin Rises, Credit Quality Remains Solid Expenses are Well Controlled

DETROIT, April 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Comerica Incorporated (NYSE: CMA) today reported first quarter 2007 income from continuing operations of $189 million, or $1.19 per diluted share, compared to $185 million, or $1.16 per diluted share, for the fourth quarter 2006 and $207 million, or $1.26 per diluted share, for the first quarter 2006. Fourth quarter 2006 income from continuing operations included income of $47 million ($31 million after-tax, or $0.19 per diluted share) from the settlement of a Financial Services Division (FSD)-related lawsuit and the net after-tax impact of a charge to tax and related interest reserves of $31 million, or $(0.19) per diluted share, discussed under "Tax-related items" below. First quarter 2006 income from continuing operations included a negative provision for loan losses of $27 million.

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In the fourth quarter 2006, Comerica sold its stake in Munder Capital Management (Munder) for an after-tax gain of $108 million ($0.68 per diluted share). Comerica reports Munder as a discontinued operation in all periods presented.

       (dollar amounts in millions,
        except per share data)           1st Qtr '07  4th Qtr '06  1st Qtr '06

       Net interest income                     $502        $502        $479
       Provision for loan losses                 23          22         (27)
       Noninterest income                       203         262         195
       Noninterest expenses                     407         457         429

       Income from continuing operations,
        net of tax                              189         185         207
       Net income                               190         299         194

       Diluted EPS from continuing
        operations                             1.19        1.16        1.26
       Diluted EPS from discontinued
        operations                              -          0.71       (0.08)
       Diluted EPS                             1.19        1.87        1.18

       Return on average common
        shareholders'
       equity from continuing operations      14.83 %     14.03 %     16.31 %
       Return on average common
        shareholders' equity                  14.86       22.63       15.33

       Net interest margin                     3.82        3.75        3.80


The following table illustrates certain items impacting diluted earnings per share from continuing operations:

       (dollar amounts per diluted
        share)                          1st Qtr '07   4th Qtr '06  1st Qtr '06

       FSD-related lawsuit settlement           $-         $0.19        $-
       Loss on sale of Mexican bank
        charter                                  -           -         (0.02)
       Net income (loss) from principal
        investing and warrants                 (0.02)       0.01        0.01
       Tax adjustments                           -         (0.14)       0.09
       Tax-related interest adjustments          -         (0.05)      (0.09)
       Performance-based compensation
        related to Munder gain                   -         (0.04)        -
       Charitable Foundation contribution        -         (0.04)        -


"The financial results highlight our positive financial performance in the first quarter," said Ralph W. Babb Jr., chairman and chief executive officer. "Our net interest margin rose seven basis points from the fourth quarter of 2006. Credit quality was solid across all markets and expenses were well controlled."

    First Quarter 2007 Compared to Fourth Quarter 2006
     - On an annualized basis, excluding Financial Services Division loans,
       average loans increased six percent, led by growth of 15 percent in the
       Western market, five percent in the Texas market, four percent in the
       Florida market, three percent in Other markets and 18 percent in the
       International market, with the Midwest market down one percent. The
       Texas loan growth, impacted by pay downs in January, rebounded in
       February and March with low double-digit annualized average loan growth
       rates.
     - The net interest margin was 3.82 percent in the first quarter 2007, an
       increase of seven basis points from 3.75 percent in the fourth quarter
       2006.
     - Net credit-related charge-offs were $19 million, or 16 basis points as
       a percent of average total loans, for the first quarter 2007, compared
       to $23 million, or 19 basis points as a percent of average total loans,
       for the fourth quarter 2006.  Fourth quarter 2006 included a $9 million
       charge-off to reflect the estimated fair value of a portfolio of loans
       related to manufactured housing that were transferred to held-for-sale.
     - Noninterest expenses, excluding the provision for credit losses on
       lending-related commitments, decreased $52 million from the fourth
       quarter 2006, the detail of which is discussed in "Noninterest
       expenses" below. Employee levels from continuing operations (FTE)
       decreased slightly from December 31, 2006, to March 31, 2007. This
       decrease occurred even as nine new banking centers were opened in the
       first quarter 2007.
     - The provision for income taxes decreased primarily due to a fourth
       quarter 2006 adjustment to tax reserves of $22 million.  Refer to "Tax-
       related items" below for further discussion.
     - Open market share repurchases in the first quarter 2007 totaled 3.4
       million shares, or two percent of total shares outstanding at
       December 31, 2006.


    Net Interest Income Stable and Net Interest Margin Rises

      (dollar amounts in millions)      1st Qtr '07  4th Qtr '06  1st Qtr '06

      Net interest income                     $502        $502        $479

      Net interest margin                     3.82 %      3.75 %      3.80 %

      Selected average balances:
       Total earning assets                $53,148     $53,289     $50,977
       Total loans                          48,896      48,568      46,479
       Total loans, excluding FSD loans
        (primarily low-rate)                47,327      46,659      43,570

       Total interest-bearing deposits      30,417      30,554      27,589
       Total noninterest-bearing
        deposits                            12,162      12,649      13,609
       Total noninterest-bearing
        deposits, excluding FSD              8,712       8,696       8,926


     - A seven basis point improvement in the net interest margin offset the
       impact of two less days in the first quarter 2007 ($11 million).
       Average earning assets remained relatively stable in the first quarter
       2007, when compared to fourth quarter 2006.
     - The first quarter 2007 net interest margin reflected stable loan yields
       and a decline in deposit rates. The positive impact of lower average
       Financial Services Division loans (primarily low-rate) was essentially
       offset by a decline in Financial Services Division noninterest-bearing
       deposits.

Steady Noninterest Income, Excluding Identified Items

Noninterest income was $203 million for the first quarter 2007, compared to $262 million for the fourth quarter 2006 and $195 million for the first quarter 2006. The $59 million decrease in noninterest income in the first quarter 2007, compared to the fourth quarter 2006, was primarily the result of income of $47 million from the settlement of a Financial Services Division- related lawsuit received in the fourth quarter 2006, a $7 million decrease in income from principal investing and warrants and a $6 million decrease in investment banking fees, partially offset by positive trends in several categories (including fiduciary income, brokerage fees and card fees). Certain categories of noninterest income are highlighted in the table below.

         (in millions)                   1st Qtr '07  4th Qtr '06  1st Qtr '06
         Net income (loss) from principal
          investing and warrants               $(4)         $3          $3
         Net gain (loss) on sales of
          businesses                             1           -          (5)
         Income from lawsuit settlement          -          47           -
         Other noninterest income
            Investment banking fees              4          10           5


Noninterest Expenses Well Controlled

Noninterest expenses were $407 million for the first quarter 2007, compared to $457 million for the fourth quarter 2006 and $429 million for the first quarter 2006. The $50 million decrease in noninterest expenses in the first quarter 2007, compared to the fourth quarter 2006, reflected decreased salaries expense of $25 million. The decrease in salaries expense was due primarily to decreased incentives tied to performance, including the fourth quarter 2006 gain on the sale of Munder, contract labor costs associated with technology-related projects, and severance, partially offset by an increase in share-based compensation expense. The increase in share-based compensation expense reflected the annual award of restricted stock to retirement-eligible employees, granted in the first quarter each year, which must be expensed in the period granted. Also reflected in the decrease in noninterest expenses was a decrease in interest on tax liabilities of $15 million (see "Tax-related items" below), and a fourth quarter 2006 contribution of $10 million to the Comerica Charitable Foundation.

    Certain categories of noninterest expenses are highlighted in the table
below.


        (in millions)                    1st Qtr '07  4th Qtr '06  1st Qtr '06
        Salaries
           Regular salaries                    $154        $162        $149
           Severance                              -           5           1
           Incentives                            29          52          25
           Share-based compensation              23          12          18
             Total salaries                     206         231         193
        Employee benefits                        46          42          50
        Provision for credit losses on
         lending-related commitments             (2)         (4)         13
        Other noninterest expenses
           Interest on tax liabilities          n/a          15          26
           Charitable Foundation
            contribution                          -          10           -
           Other real estate expense              -          (2)          4
           Redemption premium on trust
            preferred securities                  -           3           -

        n/a - not applicable


Tax-related Items

On January 1, 2007, Comerica adopted the provisions of FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109," (FIN 48). FIN 48 permits Comerica to prospectively change its accounting policy as to where interest on tax liabilities is classified on the consolidated statements of income. Effective January 1, 2007, Comerica changed its accounting policy and began to classify interest on tax liabilities in the "provision for income taxes" on the consolidated statements of income. Prior to January 1, 2007, interest on tax liabilities was classified in "other noninterest expenses." In the first quarter 2007, the Securities and Exchange Commission requested that the American Institute of Certified Public Accountants clarify that an election to change classification under the Interpretation could only be prospective. Therefore, for all prior periods presented, interest on tax liabilities remained classified in "other noninterest expenses" on the consolidated statements of income. The provision for income taxes included interest on tax liabilities of $1 million for the first quarter 2007. Noninterest expenses in 2006 included $38 million of interest on tax liabilities, including $15 million in the fourth quarter 2006 and $26 million in the first quarter 2006.

Fourth quarter 2006 reflected a charge to Comerica's combined tax and related interest reserves for disallowed loan benefits related to a series of loans to foreign borrowers of $31 million after-tax based on settlements discussed with the Internal Revenue Service. Of the total, $22 million was included in the provision for income taxes and $14 million ($9 million after- tax) was for tax-related interest included in other noninterest expenses.

Income from Discontinued Operations

In December 2006, Comerica completed the sale of its stake in Munder to an investor group and recognized an initial after-tax gain from the sale of $108 million, reflected in "income from discontinued operations, net of tax" on the consolidated statements of income. Comerica reports Munder as a discontinued operation in all periods presented; therefore, the after-tax earnings of Munder, including the gain from its sale, are reported as a single item at the bottom of the income statement. The following table summarizes significant items affecting income from discontinued operations, net of tax:

        (in millions)                    1st Qtr '07  4th Qtr '06  1st Qtr '06
        Income from discontinued
         operations, net of tax:
        Gain on sale of Munder                   $1         $108           $-
        Cumulative effect of change in
         accounting principle                     -            -           (8)
        Operating net income and other            -            6           (5)
           Total                                  1          114          (13)


Credit Quality Remained Solid

"Net charge-offs were lower and nonperforming assets were unchanged," said Babb. "We continued to manage our credit risk effectively, particularly the automotive and commercial real estate portfolios. Our people, and the enhanced risk management tools they use, have helped us to maintain solid credit quality in all markets."

     - The provision for loan losses reflected challenges to industries
       located in Michigan (Midwest market), including the automotive
       industry.
     - Fourth quarter 2006 net loan charge-offs included a $9 million charge-
       off to reflect the estimated fair value of a portfolio of loans related
       to manufactured housing that were transferred to held-for-sale.
     - Nonperforming assets remained at the low level of 49 basis points of
       total loans and foreclosed property, compared to the fourth quarter
       2006. During the first quarter 2007, $69 million of loan relationships
       greater than $2 million were transferred to nonaccrual status, an
       increase of $3 million from the fourth quarter 2006.



       (dollar amounts in millions)     1st Qtr '07  4th Qtr '06  1st Qtr '06
       Net loan charge-offs                    $16         $22         $17
       Net lending-related commitment
        charge-offs                              3           1           5
            Total net credit-related
             charge-offs                        19          23          22
       Net loan charge-offs/Average
        total loans                           0.13 %      0.18 %      0.14 %
       Net credit-related charge-
        offs/Average total loans              0.16        0.19        0.19

       Provision for loan losses               $23         $22        $(27)
       Provision for credit losses on
        lending-related commitments             (2)         (4)         13
            Total provision for credit
             losses                             21          18         (14)

       Nonperforming assets (NPAs)             233         232         141
       NPAs/Total loans and foreclosed
        property                              0.49 %      0.49 %      0.32 %

       Allowance for loan losses              $500        $493        $472
       Allowance for credit losses on
        lending-related commitments*            21          26          41
            Total allowance for credit
             losses                            521         519         513
       Allowance for loan losses/Total
        loans                                 1.04 %      1.04 %      1.06 %
       Allowance for loan losses/NPAs          214         213         334

       * Included in "Accrued expenses and other liabilities" on the
         consolidated balance sheets



Balance Sheet and Capital Management

Total assets and common shareholders' equity were $57.5 billion and $5.1 billion, respectively, at March 31, 2007, compared to $58.0 billion and $5.2 billion, respectively, at December 31, 2006. There were approximately 156 million shares outstanding at March 31, 2007, compared to 158 million shares outstanding at December 31, 2006. Open market share repurchases for the current and prior quarter are shown in the following table:

                                            1st Qtr '07        4th Qtr '06

                                           Number              Number
      (in millions)                      of Shares  Amount   of Shares  Amount

      Open market share
       repurchases                           3.4     $207        1.5     $86


In the first quarter 2007, Comerica generated approximately $145 million of capital from the issuance of trust preferred securities, net of redemptions, and used $100 million of the proceeds to repurchase approximately 1.7 million additional shares.

Comerica's first quarter 2007 estimated tier 1 common, tier 1 and total risk-based capital ratios were 7.47 percent, 8.17 percent and 12.21 percent, respectively.

New Accounting Pronouncements

Comerica adopted FSP 13-2 (Accounting for a Projected Change in the Timing of Cash Flows Related to Income Taxes Generated by a Leveraged Lease Transaction) and FIN 48 (Accounting for Uncertainty in Income Taxes) as of January 1, 2007. The effect of adoption was a reduction to retained earnings of $46 million and a lowering of 2007 income earned on lease financing loans for FSP 13-2 and an increase to retained earnings of $3 million for FIN 48. The effects of FSP 13-2 will reverse over periods ranging from four to 20 years.

Full Year 2007 Outlook

Comerica's outlook for full-year 2007, compared to full-year 2006, is as follows:

     - Mid to high single-digit average loan growth, excluding Financial
       Services Division loans, with flat growth in the Midwest market, and
       low double-digit growth in the Western and Texas markets
     - Average earning asset growth slightly less than average loan growth
     - Average Financial Services Division noninterest-bearing deposits
       remaining at first quarter 2007 level of $3.5 billion. Financial
       Services Division loans will fluctuate in 2007 with the level of
       noninterest-bearing deposits
     - Average full year net interest margin of about 3.75 percent to 3.80
       percent
     - Average net credit-related charge-offs of about 20 basis points of
       average loans, with a provision for credit losses modestly exceeding
       net charge-offs
     - Low single-digit growth in noninterest income, from a 2006 adjusted
       base of $820 million which excludes the Financial Services Division-
       related lawsuit settlement and the loss on sale of the Mexican bank
       charter
     - Flat noninterest expenses, excluding the provision for credit losses on
       lending-related commitments. Outlook reflects anticipated 2007 costs
       associated with the previously announced headquarters move to Dallas,
       Texas (expected to be about $10 million) and tax-related interest in
       2006 (classified in the provision for income taxes in 2007)
     - Effective tax rate of about 32 percent
     - Active capital management within targeted capital ratios (tier 1 common
       of 6.50 percent to 7.50 percent and tier 1 of 7.25 percent to 8.25
       percent)


Business Segments

Comerica's continuing operations are strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. The Finance Division also is included as a segment. The financial results below are based on the internal business unit structure of the Corporation and methodologies in effect at March 31, 2007 and are presented on a fully taxable equivalent (FTE) basis. The accompanying narrative addresses first quarter 2007 results compared to fourth quarter 2006.

    The following table presents net income (loss) by business segment.


            (dollar amounts in
             millions)               1st Qtr '07   4th Qtr '06   1st Qtr '06

            Business Bank            $141    72 %  $154    80 %  $151    73 %
            Retail Bank                33    17      27    14      38    19
            Wealth & Institutional
             Management                21    11      11     6      17     8
                                      195   100 %   192   100 %   206   100 %
            Finance                     1            (4)           (2)
            Other*                     (6)          111           (10)
                 Total               $190          $299          $194

            * Includes discontinued operations and items not directly
              associated with the three major business segments or the Finance
              Division


      Business Bank
      (dollar amounts in millions)       1st Qtr '07  4th Qtr '06  1st Qtr '06

       Net interest income (FTE)               $329         $335        $315
       Provision for loan losses                 14           15         (29)
       Noninterest income                        61          116          63
       Noninterest expenses                     170          194         193
       Net income                               141          154         151

       Net credit-related charge-offs            15            6          16

       Selected average balances:
       Assets                                40,059       39,872      38,100
       Loans                                 39,015       38,766      36,883
          FSD loans                           1,569        1,909       2,909
       Deposits                              16,710       17,110      18,899
          FSD deposits                        4,698        5,291       6,969

       Net interest margin                     3.42 %       3.43 %      3.45 %


     - The net interest margin was relatively unchanged, as both loan spreads
       and deposits spreads were relatively stable.
     - Excluding the $340 million decline in the Financial Services Division,
       average loans increased $589 million, or six percent on an annualized
       basis, primarily due to growth in the National Dealer Services, Middle
       Market and Global Corporate Banking business lines.
     - Average deposits increased $193 million, excluding the $593 million
       decline in the Financial Services Division, primarily in the Technology
       and Life Sciences and Global Corporate Banking business lines.
     - Noninterest income decreased $55 million, primarily due to income of
       $47 million from a Financial Services Division-related lawsuit
       settlement in the fourth quarter 2006, lower investment banking fees
       and a negative warrant fair value adjustment in the first quarter 2007.
     - Noninterest expenses decreased $24 million, primarily due to decreases
       in net corporate overhead expenses, incentive compensation and legal
       fees.  Net corporate overhead expenses decreased due to the impact on
       overhead of higher fourth quarter 2006 tax-related interest expense
       (see "Tax-related Items" above) and a fourth quarter 2006 contribution
       to the Comerica Charitable Foundation.


      Retail Bank
      (dollar amounts in millions)      1st Qtr '07   4th Qtr '06  1st Qtr '06

       Net interest income (FTE)               $157         $159        $155
       Provision for loan losses                  5            6           6
       Noninterest income                        52           53          50
       Noninterest expenses                     153          164         143
       Net income                                33           27          38

       Net credit-related charge-offs             4           16           5

       Selected average balances:
       Assets                                 6,840        6,810       6,782
       Loans                                  6,095        6,100       6,076
       Deposits                              17,033       16,969      16,736

       Net interest margin                     3.74  %      3.71 %      3.76 %


     - The net interest margin of 3.74 percent increased three basis points,
       primarily due to an increase in deposit spreads, partially offset by a
       decline in loan spreads.
     - Average loans remained relatively flat, as increases in small business
       commercial loans were offset by a decline in consumer loans resulting
       from the first quarter 2007 sale of $74 million of manufactured housing
       loans.
     - Average deposits increased $64 million, primarily due to growth in
       customer certificates of deposit.
     - Fourth quarter 2006 net credit-related charge-offs included $9 million
       related to the transfer of the previously mentioned manufactured
       housing loans to held-for-sale.
     - Noninterest expenses decreased $11 million, primarily due to a decrease
       in net corporate overhead expenses (as described in the Business Bank).
     - Opened nine new banking centers in the first quarter 2007.


       Wealth and Institutional Management
       (dollar amounts in millions)      1st Qtr '07  4th Qtr '06  1st Qtr '06

        Net interest income (FTE)               $36          $36         $37
        Provision for loan losses                (1)           2           -
        Noninterest income                       71           67          64
        Noninterest expenses                     76           86          75
        Net income                               21           11          17

        Net credit-related charge-offs            -            1           -

        Selected average balances:
        Assets                                3,898        3,794       3,623
        Loans                                 3,747        3,646       3,473
        Deposits                              2,317        2,351       2,449

        Net interest margin                    3.88 %       3.90 %      4.28 %


     - Average loans increased $101 million, or 11 percent on an annualized
       basis.
     - Average deposits decreased $34 million, primarily due to decreased
       noninterest-bearing accounts.
     - Noninterest income increased $4 million, primarily due to increased
       trust fees in the first quarter 2007.
     - Noninterest expenses decreased $10 million, primarily due to a decrease
       in net corporate overhead expenses (as described in the Business Bank),
       severance and incentive compensation.



Geographic Market Segments

Comerica also provides market segment results for four primary geographic markets: Midwest, Western, Texas and Florida. In addition to the four primary geographic markets, Other Markets and International are also reported as market segments. The financial results below are based on methodologies in effect at March 31, 2007 and are presented on a fully taxable equivalent (FTE) basis. The accompanying narrative addresses first quarter 2007 results compared to fourth quarter 2006.

    The following table presents net income (loss) by market segment.


            (dollar amounts in
             millions)               1st Qtr '07   4th Qtr '06   1st Qtr '06

            Midwest                   $90    45 %   $78    41 %   $99    48  %
            Western                    66    34      83    43      66    32
            Texas                      22    11      17     9      23    11
            Florida                     3     2       3     1       4     2
            Other Markets               5     3       4     2       4     2
            International               9     5       7     4      10     5
                                      195   100 %   192   100 %   206   100 %
            Finance & Other*           (5)          107           (12)
                 Total               $190          $299          $194

            * Includes discontinued operations and items not directly
              associated with the geographic markets


         Midwest
         (dollar amounts in millions)    1st Qtr '07  4th Qtr '06  1st Qtr '06

         Net interest income (FTE)             $244         $248        $243
         Provision for loan losses               30           37           -
         Noninterest income                     116          123         117
         Noninterest expenses                   206          232         223
         Net income                              90           78          99

         Net credit-related charge-offs          22           23          17

         Selected average balances:
         Assets                              22,755       22,843      22,332
         Loans                               21,783       21,836      21,303
         Deposits                            16,657       16,713      17,039

         Net interest margin                   4.52 %       4.49 %      4.51 %


     - The net interest margin of 4.52 percent increased three basis points,
       primarily due to an increase in deposit spreads, partially offset by a
       decrease in loan spreads.
     - Average loans decreased $53 million, primarily due to the first quarter
       2007 sale of $74 million of manufactured housing loans.
     - Average deposits decreased $56 million, primarily due to a decline in
       money market accounts.
     - The provision for loan losses decreased $7 million.  Fourth quarter
       2006 included a $9 million charge-off related to the sale of
       manufactured housing loans, discussed above.
     - Noninterest income decreased $7 million, primarily due to a decrease in
       investment banking fees.
     - Noninterest expenses decreased $26 million, primarily due to decreases
       in net corporate overhead expenses (as described in the Business Bank)
       and incentive compensation.
     - Two new banking centers were opened in Michigan.


         Western Market
         (dollar amounts in millions)   1st Qtr '07   4th Qtr '06  1st Qtr '06

         Net interest income (FTE)             $176         $178        $168
         Provision for loan losses              (11)         (15)        (14)
         Noninterest income                      28           74          28
         Noninterest expenses                   110          122         109
         Net income                              66           83          66

         Net credit-related charge-offs          (5)          (2)          -

         Selected average balances:
         Assets                              16,782       16,572      16,261
         Loans                               16,241       16,037      15,644
           FSD loans                          1,569        1,909       2,909
         Deposits                            13,696       14,145      15,405
           FSD deposits                       4,515        5,130       6,855

         Net interest margin                   4.40  %      4.40 %      4.25 %


     - Excluding the Financial Services Division, average loans increased
       $544 million, or 15 percent on an annualized basis, primarily due to
       growth in the Middle Market Banking, National Dealer Services,
       Technology and Life Sciences, Commercial Real Estate, Entertainment
       Lending and Global Corporate Banking business lines.
     - Excluding the Financial Services Division, average deposits increased
       $166 million, primarily due to interest-bearing checking, money market
       accounts and growth in customer certificates of deposit.
     - Noninterest income decreased $46 million, primarily due to income from
       a $47 million Financial Services Division-related lawsuit settlement in
       the fourth quarter 2006 and a negative warrant fair value adjustment in
       the first quarter 2007.
     - Noninterest expenses decreased $12 million, primarily due to lower net
       corporate overhead expenses  (as described in the Business Bank) and
       legal fees.
     - Three new banking centers were opened in California.


         Texas Market
         (dollar amounts in millions)    1st Qtr '07  4th Qtr '06  1st Qtr '06

         Net interest income (FTE)              $67          $69         $61
         Provision for loan losses               (1)           3          (4)
         Noninterest income                      19           20          18
         Noninterest expenses                    54           59          50
         Net income                              22           17          23

         Total net credit-related charge-
          offs                                    3            2           1

         Selected average balances:
         Assets                               6,719        6,631       5,611
         Loans                                6,444        6,360       5,355
         Deposits                             3,843        3,794       3,662

         Net interest margin                   4.19  %      4.27 %      4.46 %


     - The net interest margin of 4.19 percent declined eight basis points,
       primarily due to a decline in loan spreads.
     - Average loans increased $84 million, or five percent on an annualized
       basis, primarily due to growth in Commercial Real Estate, Global
       Corporate Banking, National Dealer Services and Small Business. The
       Texas loan growth, impacted by pay downs in January, rebounded in
       February and March with low double-digit annualized average loan growth
       rates.
     - Average deposits increased $49 million, primarily due to growth in
       interest-bearing checking and customer certificates of deposit.
     - The provision for loan losses decreased $4 million, primarily due to
       improved credit quality.
     - Noninterest expenses decreased $5 million, primarily due to a decrease
       in net corporate overhead expenses (as described in the Business Bank).
     - Four new banking centers were opened.


         Florida Market
         (dollar amounts in millions)    1st Qtr '07  4th Qtr '06  1st Qtr '06

         Net interest income (FTE)              $11          $11         $10
         Provision for loan losses                1            1           -
         Noninterest income                       4            4           4
         Noninterest expenses                     9           10           8
         Net income                               3            3           4

         Net credit-related charge-offs           -            -           2

         Selected average balances:
         Assets                               1,646        1,631       1,390
         Loans                                1,626        1,611       1,371
         Deposits                               284          292         307

         Net interest margin                   2.84 %       2.80 %      2.91 %


     - Average loans increased $15 million, or four percent on an annualized
       basis.
     - Average deposits decreased $8 million.


Conference Call and Webcast

Comerica will host a conference call to review first quarter 2007 financial results at 8 a.m. ET Tuesday, April 17, 2007. Interested parties may access the conference call by calling (706) 679-5261 (event ID No. 3046574). The call and supplemental financial information can also be accessed on the Internet at www.comerica.com. A replay will be available approximately two hours following the conference call until May 1, 2007. The conference call replay can be accessed by calling (800) 642-1687 or (706) 645-9291 (event ID No. 3046574). A replay of the Webcast can also be accessed via Comerica's "Investor Relations" page at www.comerica.com.

Comerica Incorporated is a financial services company strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. Comerica Bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, 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," "feels," "expects," "estimates," "seeks," "strives," "plans," "intends," "outlook," "forecast," "position," "target," "mission," "assume," "achievable," "potential," "strategy," "goal," "aspiration," "outcome," "continue," "remain," "maintain," "trend," "objective" 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 the pace of an economic recovery and related changes in employment levels, the effects of war and other armed conflicts or acts of terrorism, the effects of natural disasters including, but not limited to, hurricanes, tornadoes, earthquakes and floods, the disruption of private or public utilities, the implementation of Comerica's strategies and business models, management's ability to maintain and expand customer relationships, management's ability to retain key officers and employees, changes in the accounting treatment of any particular item, the impact of regulatory examinations, declines or other changes in the businesses or industries in which Comerica has a concentration of loans, including, but not limited to, automotive production, the anticipated performance of any new banking centers, the entry of new competitors in Comerica's markets, changes in the level of fee income, changes in applicable laws and regulations, including those concerning taxes, banking, securities and insurance, changes in trade, monetary and fiscal policies, including the interest rate policies of the Board of Governors of the Federal Reserve System, fluctuations in inflation or interest rates, changes in general economic conditions and related credit and market conditions and adverse conditions in the stock market. Comerica cautions that the foregoing list of factors is not exclusive. 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.

ADD: /FIRST AND FINAL ADD -- CLTU045 -- Comerica Earnings/

         CONSOLIDATED FINANCIAL HIGHLIGHTS
         Comerica Incorporated and Subsidiaries

                                                Three Months Ended
                                                     December
                                           March 31,  Dec. 31,   March 31,
    (in millions, except per share data)     2007       2006       2006
    PER SHARE AND COMMON STOCK DATA
    Diluted income from continuing
     operations                             $1.19      $1.16      $1.26
    Diluted net income                       1.19       1.87       1.18
    Cash dividends declared                  0.64       0.59       0.59
    Common shareholders' equity (at
     period end)                            32.84      32.70      31.39

    Average diluted shares (in thousands) 158,915    160,063    164,057
    KEY RATIOS
    Return on average common
     shareholders' equity from continuing
     operations                             14.83 %    14.03 %    16.31 %
    Return on average common
     shareholders' equity                   14.86      22.63      15.33
    Return on average assets from
     continuing operations                   1.33       1.29       1.50
    Return on average assets                 1.33       2.07       1.41
    Average common shareholders' equity
     as a percentage of average assets       8.93       9.16       9.17
    Tier 1 common capital ratio *            7.47       7.54       7.66
    Tier 1 risk-based capital ratio *        8.17       8.02       8.24
    Total risk-based capital ratio *        12.21      11.63      11.68
    Leverage ratio *                         9.98       9.76       9.84
    AVERAGE BALANCES
    Commercial loans                      $27,757    $27,609    $26,620
    Real estate construction loans          4,249      4,204      3,530
    Commercial mortgage loans               9,673      9,515      8,998
    Residential mortgage loans              1,705      1,647      1,492
    Consumer loans                          2,405      2,468      2,660
    Lease financing                         1,273      1,335      1,298
    International loans                     1,834      1,790      1,881
    Total loans                            48,896     48,568     46,479

    Earning assets                         53,148     53,289     50,977
    Total assets                           57,088     57,612     55,277
    Interest-bearing deposits              30,417     30,554     27,589
    Total interest-bearing liabilities     38,498     38,334     35,371
    Noninterest-bearing deposits           12,162     12,649     13,609
    Common shareholders' equity             5,101      5,280      5,072
    NET INTEREST INCOME
    Net interest income (fully taxable
     equivalent basis)                       $503       $503       $480
    Fully taxable equivalent adjustment         1          1          1
    Net interest margin                      3.82 %     3.75 %     3.80 %
    CREDIT QUALITY
    Nonaccrual loans                         $218       $214       $122
    Foreclosed property                        15         18         19
    Total nonperforming assets                233        232        141

    Loans past due 90 days or more and
     still accruing                            15         14         16

    Gross loan charge-offs                     34         31         25
    Loan recoveries                            18          9          8
    Net loan charge-offs                       16         22         17
    Lending-related commitment charge-offs      3          1          5
    Total net credit-related charge-offs       19         23         22

    Allowance for loan losses                 500        493        472
    Allowance for credit losses on
     lending-related commitments               21         26         41
    Total allowance for credit losses         521        519        513

    Allowance for loan losses as a
     percentage of total loans               1.04 %     1.04 %     1.06 %
    Net loan charge-offs as a percentage
     of average total loans                  0.13       0.18       0.14
    Net credit-related charge-offs as a
     percentage of average total loans       0.16       0.19       0.19
    Nonperforming assets as a percentage
     of total loans, and foreclosed
     property                                0.49       0.49       0.32
    Allowance for loan losses as a
     percentage of total nonperforming
     assets                                   214        213        334

    * March 31, 2007 ratios are estimated



         CONSOLIDATED BALANCE SHEETS
         Comerica Incorporated and Subsidiaries

                                             March 31,   Dec. 31,    March 31,
    (in millions, except share data)           2007        2006        2006

    ASSETS
    Cash and due from banks                   $1,334      $1,434      $1,685
    Federal funds sold and securities
     purchased under agreements to resell      1,457       2,632       2,837
    Other short-term investments                 220         327         190
    Investment securities available-for-
     sale                                      3,989       3,662       4,251

    Commercial loans                          26,681      26,265      24,738
    Real estate construction loans             4,462       4,203       3,679
    Commercial mortgage loans                  9,592       9,659       9,146
    Residential mortgage loans                 1,741       1,677       1,516
    Consumer loans                             2,392       2,423       2,607
    Lease financing                            1,273       1,353       1,292
    International loans                        1,848       1,851       1,761
        Total loans                           47,989      47,431      44,739
    Less allowance for loan losses              (500)       (493)       (472)
        Net loans                             47,489      46,938      44,267

    Premises and equipment                       596         568         516
    Customers' liability on acceptances
     outstanding                                  55          56          60
    Accrued income and other assets            2,387       2,384       2,635
        Total assets                         $57,527     $58,001     $56,441

    LIABILITIES AND SHAREHOLDERS' EQUITY
    Noninterest-bearing deposits             $13,584     $13,901     $15,772

    Money market and NOW deposits             14,815      15,250      15,653
    Savings deposits                           1,410       1,365       1,480
    Customer certificates of deposit           7,447       7,223       6,122
    Institutional certificates of deposit      5,679       5,783       4,129
    Foreign office time deposits                 735       1,405         940
        Total interest-bearing deposits       30,086      31,026      28,324
        Total deposits                        43,670      44,927      44,096

    Short-term borrowings                        329         635       1,901
    Acceptances outstanding                       55          56          60
    Accrued expenses and other
     liabilities                               1,205       1,281       1,228
    Medium- and long-term debt                 7,148       5,949       4,062
        Total liabilities                     52,407      52,848      51,347

    Common stock - $5 par value:
         Authorized - 325,000,000 shares
         Issued - 178,735,252 shares at
          3/31/07, 12/31/06 and 3/31/06          894         894         894
    Capital surplus                              524         520         466
    Accumulated other comprehensive loss        (284)       (324)       (198)
    Retained earnings                          5,311       5,282       4,880
    Less cost of common stock in treasury
     - 22,834,368 shares at 3/31/07,
     21,161,161 shares at 12/31/06 and
     16,461,565 shares at 3/31/06             (1,325)     (1,219)       (948)
        Total shareholders' equity             5,120       5,153       5,094
        Total liabilities and
         shareholders' equity                $57,527     $58,001     $56,441



          CONSOLIDATED STATEMENTS OF INCOME
          Comerica Incorporated and Subsidiaries

                                                        Three Months Ended
                                                             March 31,
    (in millions, except per share data)              2007              2006

    INTEREST INCOME
    Interest and fees on loans                        $851              $723
    Interest on investment securities                   42                44
    Interest on short-term investments                   8                 5
          Total interest income                        901               772

    INTEREST EXPENSE
    Interest on deposits                               286               199
    Interest on short-term borrowings                   22                42
    Interest on medium- and long-term debt              91                52
          Total interest expense                       399               293
          Net interest income                          502               479
    Provision for loan losses                           23               (27)
          Net interest income after
           provision for loan losses                   479               506

    NONINTEREST INCOME
    Service charges on deposit accounts                 54                54
    Fiduciary income                                    50                44
    Commercial lending fees                             16                15
    Letter of credit fees                               16                16
    Foreign exchange income                              9                10
    Brokerage fees                                      11                10
    Card fees                                           12                11
    Bank-owned life insurance                            9                13
    Net income (loss) from principal
     investing and warrants                             (4)                3
    Net securities losses                                -                (2)
    Net gain (loss) on sales of businesses               1                (5)
    Other noninterest income                            29                26
          Total noninterest income                     203               195

    NONINTEREST EXPENSES
    Salaries                                           206               193
    Employee benefits                                   46                50
         Total salaries and employee benefits          252               243
    Net occupancy expense                               35                30
    Equipment expense                                   15                13
    Outside processing fee expense                      20                21
    Software expense                                    15                14
    Customer services                                   14                13
    Litigation and operational losses                    3                 1
    Provision for credit losses on
     lending-related commitments                        (2)               13
    Other noninterest expenses                          55                81
          Total noninterest expenses                   407               429
    Income from continuing operations
     before income taxes                               275               272
    Provision for income taxes                          86                65
    Income from continuing operations                  189               207
    Income (loss) from discontinued
     operations, net of tax                              1               (13)
    NET INCOME                                        $190              $194

    Basic earnings per common share:
         Income from continuing operations           $1.21             $1.28
         Net income                                   1.21              1.20

    Diluted earnings per common share:
         Income from continuing operations            1.19              1.26
         Net income                                   1.19              1.18

    Cash dividends declared on common stock            101                96
    Dividends per common share                        0.64              0.59



        CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
        Comerica Incorporated and Subsidiaries

                                        First  Fourth  Third   Second   First
                                       Quarter Quarter Quarter Quarter Quarter
    (in millions, except per            2007    2006    2006    2006    2006
     share data)
    INTEREST INCOME
    Interest and fees on loans           $851   $858     $843   $792   $723
    Interest on investment securities      42     42       43     45     44
    Interest on short-term investments      8     12        7      8      5
          Total interest income           901    912      893    845    772

    INTEREST EXPENSE
    Interest on deposits                  286    298      272    236    199
    Interest on short-term borrowings      22     15       28     45     42
    Interest on medium- and long-term
     debt                                  91     97       91     64     52
          Total interest expense          399    410      391    345    293
          Net interest income             502    502      502    500    479
    Provision for loan losses              23     22       15     27    (27)
          Net interest income after
           provision for loan losses      479    480      487    473    506

    NONINTEREST INCOME
    Service charges on deposit accounts    54     54       56     54     54
    Fiduciary income                       50     47       45     44     44
    Commercial lending fees                16     19       16     15     15
    Letter of credit fees                  16     16       17     15     16
    Foreign exchange income                 9     10        9      9     10
    Brokerage fees                         11     10       10     10     10
    Card fees                              12     12       11     12     11
    Bank-owned life insurance               9      9        8     10     13
    Net income (loss) from principal
     investing and warrants                (4)     3        -      4      3
    Net securities gains (losses)           -      1        -      1     (2)
    Net gain (loss) on sales of businesses  1      -       (7)     -     (5)
    Income from lawsuit settlement          -     47        -      -      -
    Other noninterest income               29     34       30     29     26
          Total noninterest income        203    262      195    203    195

    NONINTEREST EXPENSES
    Salaries                              206    231      202    197    193
    Employee benefits                      46     42       48     44     50
         Total salaries and employee
          benefits                        252    273      250    241    243
    Net occupancy expense                  35     34       31     30     30
    Equipment expense                      15     14       13     15     13
    Outside processing fee expense         20     21       21     22     21
    Software expense                       15     15       13     14     14
    Customer services                      14     14       11      9     13
    Litigation and operational losses       3      4        3      3      1
    Provision for credit losses on
     lending-related commitments           (2)    (4)      (5)     1     13
    Other noninterest expenses             55     86       62     54     81
          Total noninterest expenses      407    457      399    389    429
    Income from continuing operations
     before income taxes                  275    285      283    287    272
    Provision for income taxes             86    100       88     92     65
    Income from continuing operations     189    185      195    195    207
    Income (loss) from discontinued
     operations, net of tax                 1    114        5      5    (13)
    NET INCOME                           $190   $299     $200   $200   $194

    Basic earnings per common share:
         Income from continuing
          operations                    $1.21  $1.17    $1.22  $1.21  $1.28
         Net income                      1.21   1.89     1.25   1.24   1.20

    Diluted earnings per common share:
         Income from continuing
          operations                     1.19   1.16     1.20   1.19   1.26
         Net income                      1.19   1.87     1.23   1.22   1.18

    Cash dividends declared on common
     stock                                101     94       94     96     96
    Dividends per common share           0.64   0.59     0.59   0.59   0.59


                                           First Quarter 2007 Compared To:
                                          Fourth Quarter     First Quarter
                                               2006              2006
    (in millions, except per share data)  Amount Percent     Amount Percent

    INTEREST INCOME
    Interest and fees on loans               $(7)   (0.7)%     $128    17.9%
    Interest on investment securities          -    (1.1)        (2)   (4.6)
    Interest on short-term investments        (4)  (39.7)         3    44.9
           Total interest income             (11)   (1.3)       129    16.8

    INTEREST EXPENSE
    Interest on deposits                     (12)   (3.9)        87    43.7
    Interest on short-term borrowings          7    54.3        (20)  (48.2)
    Interest on medium- and long-term debt    (6)   (6.9)        39    75.4
           Total interest expense            (11)   (2.6)       106    36.2
           Net interest income                 -    (0.2)        23     4.9
    Provision for loan losses                  1     4.5         50     N/M
           Net interest income after
            provision for loan losses         (1)   (0.4)       (27)   (5.2)

    NONINTEREST INCOME
    Service charges on deposit accounts        -    (2.6)         -    (1.3)
    Fiduciary income                           3     5.5          6    11.3
    Commercial lending fees                   (3)  (15.8)         1     5.5
    Letter of credit fees                      -    (2.1)         -     0.5
    Foreign exchange income                   (1)   (4.7)        (1)   (4.5)
    Brokerage fees                             1     5.7          1     6.6
    Card fees                                  -     2.2          1    13.3
    Bank-owned life insurance                  -    10.4         (4)  (28.5)
    Net income (loss) from principal
     investing and warrants                   (7)    N/M         (7)    N/M
    Net securities gains (losses)             (1)    N/M          2     N/M
    Net gain (loss) on sales of
     businesses                                1     N/M          6     N/M
    Income from lawsuit settlement           (47)    N/M          -     N/M
    Other noninterest income                  (5)  (12.8)         3    10.4
           Total noninterest income          (59)  (22.5)         8     4.1

    NONINTEREST EXPENSES
    Salaries                                 (25)  (10.6)        13     6.6
    Employee benefits                          4     7.5         (4)   (6.8)
         Total salaries and employee
          benefits                           (21)   (7.8)         9     3.8
    Net occupancy expense                      1     2.7          5    16.1
    Equipment expense                          1     5.5          2     9.8
    Outside processing fee expense            (1)   (6.1)        (1)   (1.5)
    Software expense                           -     1.8          1    11.3
    Customer services                          -     7.6          1     5.0
    Litigation and operational losses         (1)  (34.7)         2   173.7
    Provision for credit losses on
     lending-related commitments               2    51.9        (15)    N/M
    Other noninterest expenses               (31)  (36.6)       (26)  (32.6)
           Total noninterest expenses        (50)  (11.1)       (22)   (5.1)
    Income from continuing operations
     before income taxes                     (10)   (3.6)         3     1.3
    Provision for income taxes               (14)  (14.2)        21    32.8
    Income from continuing operations          4     2.2        (18)   (8.5)
    Income (loss) from discontinued
     operations, net of tax                 (113)    N/M         14     N/M
    NET INCOME                             $(109)  (36.5)%      $(4)   (2.5)%

    Basic earnings per common share:
         Income from continuing
          operations                       $0.04     3.1 %   $(0.07)   (5.5)%
         Net income                        (0.68)  (36.0)      0.01     0.8

    Diluted earnings per common share:
         Income from continuing
          operations                        0.03     2.9      (0.07)   (5.6)
         Net income                        (0.68)  (36.4)      0.01     0.8

    Cash dividends declared on common
     stock                                     7     7.6          5     4.5
    Dividends per common share              0.05     8.5       0.05     8.5

    N/M - Not meaningful



        ANALYSIS OF THE ALLOWANCE FOR LOAN LOSSES
        Comerica Incorporated and Subsidiaries


                                     2007                  2006
    (in millions)                  1st Qtr  4th Qtr  3rd Qtr  2nd Qtr  1st Qtr

    Balance at beginning of period    $493     $493    $481    $472    $516

    Loan charge-offs:
        Commercial                      13        7       9      16      12
        Real estate construction:
            Commercial Real Estate
             business line               1        -       -       -       -
            Other                        -        -       -       -       -
              Total real estate
               construction              1        -       -       -       -
        Commercial mortgage:
            Commercial Real Estate
             business line               3        3       1       -       -
            Other                       14        4       4       3       2
              Total commercial
               mortgage                 17        7       5       3       2
        Residential mortgage             -        -       -       -       -
        Consumer                         3       13       3       4       3
        Lease financing                  -        3       -       1       6
        International                    -        1       -       1       2
            Total loan charge-offs      34       31      17      25      25

    Recoveries on loans previously
     charged-off:
        Commercial                      10        5      13       5       4
        Real estate construction         -        -       -       -       -
        Commercial mortgage              -        1       1       -       2
        Residential mortgage             -        -       -       -       -
        Consumer                         1        1       -       1       1
        Lease financing                  4        -       -       -       -
        International                    3        2       -       1       1
            Total recoveries            18        9      14       7       8
    Net loan charge-offs                16       22       3      18      17
    Provision for loan losses           23       22      15      27     (27)
    Balance at end of period          $500     $493    $493    $481    $472

    Allowance for loan losses as a
     percentage of total loans        1.04 %   1.04 %  1.06 %  1.04 %  1.06 %

    Net loan charge-offs as a
     percentage of average total
     loans                            0.13     0.18    0.02    0.15    0.14

    Net credit-related charge-offs as
     a percentage of average total
     loans                            0.16     0.19    0.06    0.16    0.19


        ANALYSIS OF THE ALLOWANCE FOR CREDIT LOSSES ON LENDING-RELATED
         COMMITMENTS

         Comerica Incorporated and Subsidiaries


                                        2007                2006
    (in millions)                      1st Qtr 4th Qtr 3rd Qtr 2nd Qtr 1st Qtr

    Balance at beginning of period         $26    $31    $41     $41     $33
    Less: Charge-offs on lending-related
     commitments (1)                         3      1      5       1       5
    Add: Provision for credit losses on
     lending-related commitments            (2)    (4)    (5)      1      13
    Balance at end of period               $21    $26    $31     $41     $41

    Unfunded lending-related commitments
     sold                                  $60    $20    $28     $14     $52

    (1) Charge-offs result from the sale of unfunded lending-related
        commitments.


        NONPERFORMING ASSETS
        Comerica Incorporated and Subsidiaries


                                  2007                 2006
    (in millions)               1st Qtr  4th Qtr  3rd Qtr  2nd Qtr  1st Qtr

    SUMMARY OF NONPERFORMING
     ASSETS AND PAST DUE LOANS
    Nonaccrual loans:
        Commercial                 $73     $97     $83      $74      $53
        Real estate construction:
            Commercial Real
             Estate business line   21      18       4        5        2
            Other                    4       2       -        -        -
                Total real estate
                 construction       25      20       4        5        2
        Commercial mortgage:
            Commercial Real
             Estate business line   17      18      10       11       11
            Other                   84      54      46       35       29
                Total commercial
                 mortgage          101      72      56       46       40
        Residential mortgage         1       1       1        1        1
        Consumer                     4       4       5        3        2
        Lease financing              4       8      12       12        7
        International               10      12      13       16       17
                Total nonaccrual
                 loans             218     214     174      157      122
    Reduced-rate loans               -       -       -        -        -
                Total
                 nonperforming
                 loans             218     214     174      157      122
    Foreclosed property             15      18      23       17       19
                Total
                 nonperforming
                 assets           $233    $232    $197     $174     $141

    Nonperforming loans as a
     percentage of total loans    0.45 %  0.45 %  0.37 %   0.34 %   0.27 %
    Nonperforming assets as a
     percentage of total loans
        and foreclosed property   0.49    0.49    0.42     0.37     0.32
    Allowance for loan losses as
     a percentage
        of total nonperforming
         assets                    214     213     251      278      334
    Loans past due 90 days or
     more and still accruing       $15     $14     $18      $15      $16


    ANALYSIS OF NONACCRUAL LOANS
    Nonaccrual loans at beginning
     of period                    $214    $174    $157     $122     $138
         Loans transferred to
          nonaccrual (1)            69      66      39       51       20
         Nonaccrual business loan
          gross charge-offs (2)    (31)    (16)    (14)     (21)     (21)
         Loans transferred to
          accrual status (1)         -       -       -        -        -
         Nonaccrual business
          loans sold (3)            (4)      -       -        -       (9)
         Payments/Other (4)        (30)    (10)     (8)       5       (6)
    Nonaccrual loans at end of
     period                       $218    $214    $174     $157     $122

    (1) Based on an analysis of nonaccrual loans with book balances greater
        than $2 million.
    (2) Analysis of gross loan charge-offs:

          Nonaccrual business
           loans                   $31     $16     $14      $21      $21
          Performing watch list
           loans                     -       2       -        -        1
          Consumer and
           residential mortgage
           loans                     3      13       3        4        3
        Total gross loan charge-
         offs                      $34     $31     $17      $25      $25

    (3) Analysis of loans sold:

          Nonaccrual business
           loans                    $4      $-      $-       $-       $9
          Performing watch list
           loans                     -      25       7       15       30
        Total loans sold            $4     $25      $7      $15      $39

    (4) Net change related to nonaccrual loans with balances less than $2
        million, other than business loan gross charge-offs and nonaccrual
        loans sold, are included in Payments/Other.



       ANALYSIS OF NET INTEREST INCOME (FTE)
       Comerica Incorporated and Subsidiaries


                                                  Three Months Ended
                                                    March 31, 2007
                                            Average                Average
    (dollar amounts in millions)            Balance    Interest     Rate

    Commercial loans (1) (2)                  $27,757      $499       7.30  %
    Real estate construction loans              4,249        91       8.66
    Commercial mortgage loans                   9,673       175       7.35
    Residential mortgage loans                  1,705        26       6.11
    Consumer loans                              2,405        43       7.14
    Lease financing                             1,273        10       3.18
    International loans                         1,834        32       7.07
    Business loan swap expense                      -       (24)       -
            Total loans (2)                    48,896       852       7.06

    Investment securities available-for-
     sale                                       3,745        42       4.35
    Federal funds sold and securities
     purchased under agreements to resell         276         4       5.39
    Other short-term investments                  231         4       6.79
            Total earning assets               53,148       902       6.86

    Cash and due from banks                     1,480
    Allowance for loan losses                    (503)
    Accrued income and other assets             2,963
            Total assets                      $57,088

    Money market and NOW deposits (1)         $14,749       111       3.05
    Savings deposits                            1,381         3       0.85
    Customer certificates of deposit            7,345        80       4.44
    Institutional certificates of deposit       5,823        78       5.44
    Foreign office time deposits                1,119        14       4.96
            Total interest-bearing
             deposits                          30,417       286       3.81

    Short-term borrowings                       1,655        22       5.32
    Medium- and long-term debt                  6,426        91       5.74
            Total interest-bearing
             sources                           38,498       399       4.20

    Noninterest-bearing deposits (1)           12,162
    Accrued expenses and other
     liabilities                                1,327
    Common shareholders' equity                 5,101
            Total liabilities and
             shareholders' equity             $57,088

    Net interest income/rate spread (FTE)                  $503       2.66

    FTE adjustment                                           $1

    Impact of net noninterest-bearing
      sources of funds                                                1.16
    Net interest margin (as a percentage
      of average earning assets) (FTE)(2)                             3.82  %

    (1) FSD balances included above:
            Loans (primarily low-rate)         $1,569        $3       0.68  %
            Interest-bearing deposits           1,248        12       3.91
            Noninterest-bearing deposits        3,450
    (2) Impact of FSD loans (primarily
        low-rate) on the following:
            Commercial loans                                         (0.40) %
            Total loans                                              (0.22)
            Net interest margin (FTE)
             (assuming loans were
             funded by noninterest-
             bearing deposits)                                       (0.11)


       ANALYSIS OF NET INTEREST INCOME (FTE)
       Comerica Incorporated and Subsidiaries


                                              Three Months Ended
                                 December 31, 2006         March 31, 2006

    (dollar amounts in        Average          Average Average         Average
     millions)                Balance Interest  Rate   Balance Interest  Rate

    Commercial loans (1) (2)   $27,609  $502   7.21  % $26,620  $412   6.26 %
    Real estate construction
     loans                       4,204    92   8.72      3,530    72   8.24
    Commercial mortgage loans    9,515   178   7.43      8,998   155   6.97
    Residential mortgage loans   1,647    25   6.11      1,492    22   5.88
    Consumer loans               2,468    46   7.34      2,660    45   6.83
    Lease financing              1,335    13   3.88      1,298    13   4.03
    International loans          1,790    33   7.25      1,881    30   6.56
    Business loan swap expense       -   (30)   -            -   (25)     -
         Total loans (2)        48,568   859   7.02     46,479   724   6.30

    Investment securities
     available-for-sale          3,842    42   4.27      4,154    44   4.10
    Federal funds sold and
     securities purchased
      under agreements to
       resell                      325     4   5.38        189     2   4.58
    Other short-term
     investments                   554     8   5.80        155     3   7.95
         Total earning assets   53,289   913   6.79     50,977   773   6.12

    Cash and due from banks      1,460                   1,648
    Allowance for loan losses     (504)                   (512)
    Accrued income and other
     assets                      3,367                   3,164
         Total assets          $57,612                 $55,277

    Money market and NOW
     deposits (1)              $14,705   117   3.15    $16,595   105   2.57
    Savings deposits             1,376     3   0.90      1,476     2   0.65
    Customer certificates of
     deposit                     7,191    80   4.39      5,887    51   3.52
    Institutional certificates
     of deposit                  5,783    79   5.44      2,624    30   4.62
    Foreign office time
     deposits                    1,499    19   5.06      1,007    11   4.26
         Total interest-
          bearing deposits      30,554   298   3.87     27,589   199   2.93

    Short-term borrowings        1,053    15   5.30      3,753    42   4.52
    Medium- and long-term debt   6,727    97   5.76      4,029    52   5.22
         Total interest-
          bearing sources       38,334   410   4.24     35,371   293   3.36

    Noninterest-bearing
     deposits (1)               12,649                  13,609
    Accrued expenses and other
     liabilities                 1,349                   1,225
    Common shareholders'
     equity                      5,280                   5,072
         Total liabilities and
          shareholders' equity $57,612                 $55,277

    Net interest income/rate
     spread (FTE)                       $503   2.55             $480   2.76

    FTE adjustment                        $1                      $1

    Impact of net noninterest-
     bearing sources of funds                  1.20                    1.04
    Net interest margin (as a
     percentage of average
     earning assets) (FTE) (2)                 3.75  %                 3.80 %

    (1) FSD balances included
        above:
         Loans (primarily low-
          rate)                 $1,909    $3   0.66  %  $2,909    $3   0.43 %
         Interest-bearing
          deposits               1,338    13   3.94      2,286    21   3.74
         Noninterest-bearing
          deposits               3,953                   4,683
    (2) Impact of FSD loans
        (primarily low-rate) on
        the following:
         Commercial loans                     (0.49) %                (0.72) %
         Total loans                          (0.25)                  (0.40)
         Net interest margin
          (FTE) (assuming
          loans were
          funded by
          noninterest-
          bearing
          deposits)                           (0.11)                  (0.22)



        CONSOLIDATED STATISTICAL DATA
        Comerica Incorporated and Subsidiaries

                                          March 31,    Dec. 31,    Sept. 30,
    (in millions, except per share data)     2007        2006        2006

    Commercial loans:
         Floor plan                         $2,970      $3,198      $2,628
         Other                              23,711      23,067      23,127
          Total commercial loans            26,681      26,265      25,755
    Real estate construction loans:
         Commercial Real Estate business
          line                               3,708       3,449       3,352
         Other                                 754         754         770
          Total real estate construction
           loans                             4,462       4,203       4,122
    Commercial mortgage loans:
         Commercial Real Estate business
          line                               1,286       1,534       1,529
         Other                               8,306       8,125       7,956
          Total commercial mortgage loans    9,592       9,659       9,485
    Residential mortgage loans               1,741       1,677       1,622
    Consumer loans:
         Home equity                         1,570       1,591       1,668
         Other consumer                        822         832         830
          Total consumer loans               2,392       2,423       2,498
    Lease financing                          1,273       1,353       1,321
    International loans                      1,848       1,851       1,712
          Total loans                      $47,989     $47,431     $46,515

    Goodwill                                  $150        $150        $213
    Loan servicing rights                       14          14          15

    Tier 1 common capital ratio*              7.47 %      7.54 %      7.48 %
    Tier 1 risk-based capital ratio*          8.17        8.02        8.04
    Total risk-based capital ratio *         12.21       11.63       11.25
    Leverage ratio*                           9.98        9.76        9.68

    Book value per share                    $32.84      $32.70      $32.79

    Market value per share for the
     quarter:
         High                               $63.39      $59.72      $58.95
         Low                                 56.77       55.82       51.45
         Close                               59.12       58.68       56.92

    Quarterly ratios:
         Return on average common
          shareholders' equity               14.86  %    22.63 %     15.38 %
         Return on average assets             1.33        2.07        1.41
         Efficiency ratio                    57.66       59.81       57.15

    Number of banking centers                  402         393         382

    Number of employees - full time
     equivalent
         Continuing operations              10,661      10,700      10,568
         Discontinued operations                 -           -         167


                                                 June 30,         March 31,
    (in millions, except per share data)           2006              2006

    Commercial loans:
         Floor plan                               $3,166            $3,078
         Other                                    22,762            21,660
           Total commercial loans                 25,928            24,738
    Real estate construction loans:
         Commercial Real Estate business
          line                                     3,222             2,996
         Other                                       736               683
           Total real estate construction
            loans                                  3,958             3,679
    Commercial mortgage loans:
         Commercial Real Estate business
          line                                     1,537             1,483
         Other                                     7,826             7,663
           Total commercial mortgage
            loans                                  9,363             9,146
    Residential mortgage loans                     1,568             1,516
    Consumer loans:
         Home equity                               1,740             1,748
         Other consumer                              753               859
           Total consumer loans                    2,493             2,607
    Lease financing                                1,325             1,292
    International loans                            1,764             1,761
           Total loans                           $46,399           $44,739

    Goodwill                                        $213              $213
    Loan servicing rights                             16                17

    Tier 1 common capital ratio*                    7.69 %            7.66 %
    Tier 1 risk-based capital ratio*                8.26              8.24
    Total risk-based capital ratio *               11.55             11.68
    Leverage ratio*                                 9.83              9.84

    Book value per share                          $31.99            $31.39

    Market value per share for the
     quarter:
         High                                     $60.10            $58.62
         Low                                       50.12             54.23
         Close                                     51.99             57.97

    Quarterly ratios:
         Return on average common
          shareholders' equity                     15.50 %           15.33 %
         Return on average assets                   1.41              1.41
         Efficiency ratio                          55.41             63.39

    Number of banking centers                        378               374

    Number of employees - full time
     equivalent
         Continuing operations                    10,549            10,517
         Discontinued operations                     169               170

    * March 31, 2007 ratios are estimated



       PARENT COMPANY ONLY BALANCE SHEETS
       Comerica Incorporated

                                            March 31,  December 31,  March 31,
    (in millions, except share data)           2007        2006        2006

    ASSETS
    Cash and due from subsidiary bank              $-        $122         $13
    Short-term investments with subsidiary
     bank                                         462         246         298
    Other short-term investments                   97          92           -
    Investment in subsidiaries,
     principally banks                          5,599       5,586       5,591
    Premises and equipment                          3           4           3
    Other assets                                  167         152         262
          Total assets                         $6,328      $6,202      $6,167

    LIABILITIES AND SHAREHOLDERS' EQUITY
    Long-term debt                               $956        $806        $803
    Other liabilities                             252         243         270
          Total liabilities                     1,208       1,049       1,073

    Common stock - $5 par value:
       Authorized - 325,000,000 shares
       Issued - 178,735,252 shares at
       3/31/07, 12/31/06 and 3/31/06              894         894         894
    Capital surplus                               524         520         466
    Accumulated other comprehensive loss         (284)       (324)       (198)
    Retained earnings                           5,311       5,282       4,880
    Less cost of common stock in treasury
     - 22,834,368 shares at 3/31/07,
     21,161,161 shares at 12/31/06 and
     16,461,565 shares at 3/31/06              (1,325)     (1,219)       (948)
          Total shareholders' equity            5,120       5,153       5,094
          Total liabilities and
           shareholders' equity                $6,328      $6,202      $6,167



       CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
       Comerica Incorporated and Subsidiaries

                                              Accumu-
                                               lated
                          Common Stock   Cap-  Other                   Total
                                         ital  Compre-   Re-    Trea-   Share-
    (in millions, except     In          Sur- hensive  tained   sury  holders'
     per share data)      Shares Amount  plus   Loss  Earnings  Stock  Equity

    BALANCE AT JANUARY 1,
     2006                   162.9  $894  $461  $(170) $4,796    $(913) $5,068
    Net income                 -     -     -      -      194       -      194
    Other comprehensive
     loss, net of tax          -     -     -     (28)     -        -      (28)
    Total comprehensive
     income                                                               166
    Cash dividends declared
     on common stock ($0.59
     per share)                -     -     -      -      (96)       -     (96)
    Purchase of common
     stock                   (1.5)   -      -     -        -      (87)    (87)
    Net issuance of common
     stock under employee
     stock plans              0.9    -    (18)    -      (14)      52      20
    Recognition of share-
     based compensation
     expense                    -    -     18     -       -        -       18
    Other                       -    -      5     -       -        -        5
    BALANCE AT MARCH 31,
     2006                   162.3  $894  $466  $(198) $4,880    $(948) $5,094

    BALANCE AT DECEMBER 31,
     2006                   157.6  $894  $520  $(324) $5,282  $(1,219) $5,153
    FSP 13-2 transition
     adjustment, net of tax    -     -     -      -      (46)      -      (46)
    FIN 48 transition
     adjustment, net of tax    -     -     -      -        3       -        3
    BALANCE AT JANUARY 1,
     2007                   157.6   894   520   (324)  5,239   (1,219)  5,110
    Net income                 -     -     -      -      190       -      190
    Other comprehensive
     income, net of tax        -     -     -      40      -        -       40
    Total comprehensive
     income                                                               230
    Cash dividends declared
     on common stock ($0.64
     per share)                -     -     -      -     (101)      -     (101)
    Purchase of common
     stock                   (3.5)   -     -      -       -      (208)   (208)
    Net issuance of common
     stock under employee
     stock plans              1.8    -    (20)    -      (17)     103      66
    Recognition of share-
     based compensation
     expense                   -     -     23     -       -        -       23
    Employee deferred
     compensation
     obligations               -     -      1     -       -        (1)      -
    BALANCE AT MARCH 31,
     2007                   155.9  $894  $524  $(284) $5,311  $(1,325) $5,120



         BUSINESS SEGMENT FINANCIAL RESULTS
         Comerica Incorporated and Subsidiaries

                                                                  Wealth &
    (dollar amounts in millions)           Business    Retail  Institutional
    Three Months Ended March 31, 2007         Bank      Bank     Management

    Earnings summary:
    Net interest income (expense) (FTE)        $329       $157        $36
    Provision for loan losses                    14          5         (1)
    Noninterest income                           61         52         71
    Noninterest expenses                        170        153         76
    Provision (benefit) for income taxes
     (FTE)                                       65         18         11
    Income from discontinued operations,
      net of tax                                  -          -          -
    Net income (loss)                          $141        $33        $21
    Net credit-related charge-offs              $15         $4         $-

    Selected average balances:
    Assets                                  $40,059     $6,840     $3,898
    Loans                                    39,015      6,095      3,747
    Deposits                                 16,710     17,033      2,317
    Liabilities                              17,565     17,045      2,317
    Attributed equity                         2,850        835        312

    Statistical data:
    Return on average assets (1)               1.41 %     0.75 %     2.17 %
    Return on average attributed equity       19.80      15.97      27.09
    Net interest margin (2)                    3.42       3.74       3.88
    Efficiency ratio                          43.56      73.11      70.74



    Three Months Ended March 31, 2007         Finance     Other      Total
    Earnings summary:
    Net interest income (expense) (FTE)        $(17)       $(2)       $503
    Provision for loan losses                     -          5          23
    Noninterest income                           16          3         203
    Noninterest expenses                          2          6         407
    Provision (benefit) for income taxes
     (FTE)                                       (4)        (3)         87
    Income from discontinued operations,
      net of tax                                  -          1           1
    Net income (loss)                            $1        $(6)       $190
    Net credit-related charge-offs               $-         $-         $19

    Selected average balances:
    Assets                                   $5,015     $1,276     $57,088
    Loans                                        17         22      48,896
    Deposits                                  6,490         29      42,579
    Liabilities                              14,600        460      51,987
    Attributed equity                           574        530       5,101

    Statistical data:
    Return on average assets (1)                 N/M        N/M       1.33 %
    Return on average attributed equity          N/M        N/M      14.86
    Net interest margin (2)                      N/M        N/M       3.82
    Efficiency ratio                             N/M        N/M      57.66



                                                                  Wealth &
                                           Business     Retail  Institutional
    Three Months Ended December 31, 2006      Bank       Bank     Management
    Earnings summary:
    Net interest income (expense) (FTE)        $335       $159        $36
    Provision for loan losses                    15          6          2
    Noninterest income                          116         53         67
    Noninterest expenses                        194        164         86
    Provision (benefit) for income taxes
     (FTE)                                       88         15          4
    Income from discontinued operations,
      net of tax                                  -          -          -
    Net income (loss)                          $154        $27        $11
    Net credit-related charge-offs               $6        $16         $1

    Selected average balances:
    Assets                                  $39,872     $6,810     $3,794
    Loans                                    38,766      6,100      3,646
    Deposits                                 17,110     16,969      2,351
    Liabilities                              17,993     16,978      2,348
    Attributed equity                         2,748        833        307

    Statistical data:
    Return on average assets (1)               1.54 %     0.61 %     1.17 %
    Return on average attributed equity       22.32      13.00      14.43
    Net interest margin (2)                    3.43       3.71       3.90
    Efficiency ratio                          43.11      77.81      82.90




    Three Months Ended December 31, 2006      Finance     Other      Total
    Earnings summary:
    Net interest income (expense) (FTE)        $(23)       $(4)       $503
    Provision for loan losses                     -         (1)         22
    Noninterest income                           16         10         262
    Noninterest expenses                          7          6         457
    Provision (benefit) for income taxes
     (FTE)                                      (10)         4         101
    Income from discontinued operations,
      net of tax                                  -        114         114
    Net income (loss)                           $(4)      $111        $299
    Net credit-related charge-offs               $-         $-         $23

    Selected average balances:
    Assets                                   $5,515     $1,621     $57,612
    Loans                                        25         31      48,568
    Deposits                                  6,817        (44)     43,203
    Liabilities                              14,623        390      52,332
    Attributed equity                           568        824       5,280

    Statistical data:
    Return on average assets (1)                 N/M        N/M       2.07 %
    Return on average attributed equity          N/M        N/M      22.63
    Net interest margin (2)                      N/M        N/M       3.75
    Efficiency ratio                             N/M        N/M      59.81



                                                                  Wealth &
                                           Business     Retail  Institutional
    Three Months Ended March 31, 2006        Bank        Bank     Management
    Earnings summary:
    Net interest income (expense) (FTE)        $315       $155        $37
    Provision for loan losses                   (29)         6          -
    Noninterest income                           63         50         64
    Noninterest expenses                        193        143         75
    Provision (benefit) for income taxes
     (FTE)                                       63         18          9
    Loss from discontinued operations,
      net of tax                                  -          -          -
    Net income (loss)                          $151        $38        $17
    Net credit-related charge-offs              $16         $5         $-

    Selected average balances:
    Assets                                  $38,100     $6,782     $3,623
    Loans                                    36,883      6,076      3,473
    Deposits                                 18,899     16,736      2,449
    Liabilities                              19,733     16,735      2,446
    Attributed equity                         2,557        822        303

    Statistical data:
    Return on average assets (1)               1.59 %     0.87 %     1.86 %
    Return on average attributed equity       23.71      18.63      22.29
    Net interest margin (2)                    3.45       3.76       4.28
    Efficiency ratio                          51.08      69.45      74.62



    Three Months Ended March 31, 2006         Finance     Other      Total
    Earnings summary:
    Net interest income (expense) (FTE)        $(24)       $(3)       $480
    Provision for loan losses                     -         (4)        (27)
    Noninterest income                           17          1         195
    Noninterest expenses                          2         16         429
    Provision (benefit) for income taxes
     (FTE)                                       (7)       (17)         66
    Loss from discontinued operations,
      net of tax                                  -        (13)        (13)
    Net income (loss)                           $(2)      $(10)       $194
    Net credit-related charge-offs               $-         $1         $22

    Selected average balances:
    Assets                                   $5,228     $1,544     $55,277
    Loans                                         3         44      46,479
    Deposits                                  3,214       (100)     41,198
    Liabilities                              10,956        335      50,205
    Attributed equity                           471        919       5,072

    Statistical data:
    Return on average assets (1)                 N/M        N/M       1.41 %
    Return on average attributed equity          N/M        N/M      15.33
    Net interest margin (2)                      N/M        N/M       3.80
    Efficiency ratio                             N/M        N/M      63.39

    (1) Return on average assets is calculated based on the greater of
        average assets or average liabilities and attributed equity.
    (2) Net interest margin is calculated based on the greater of average
        earning assets or average deposits and purchased funds.
    FTE - Fully Taxable Equivalent
    N/M - Not Meaningful



         MARKET SEGMENT FINANCIAL RESULTS
         Comerica Incorporated and Subsidiaries

    (dollar amounts in millions)
    Three Months Ended March 31, 2007    Midwest   Western   Texas   Florida
    Earnings summary:
    Net interest income (expense) (FTE)     $244      $176      $67      $11
    Provision for loan losses                 30       (11)      (1)       1
    Noninterest income                       116        28       19        4
    Noninterest expenses                     206       110       54        9
    Provision (benefit) for income taxes
     (FTE)                                    34        39       11        2
    Income from discontinued operations,
     net of tax                                -         -        -        -
    Net income (loss)                        $90       $66      $22       $3
    Net credit-related charge-offs
     (recoveries)                            $22       $(5)      $3       $-

    Selected average balances:
    Assets                               $22,755   $16,782   $6,719   $1,646
    Loans                                 21,783    16,241    6,444    1,626
    Deposits                              16,657    13,696    3,843      284
    Liabilities                           17,430    13,732    3,858      288
    Attributed equity                      1,955     1,177      556       87

    Statistical data:
    Return on average assets (1)            1.58 %    1.57 %   1.30 %   0.80 %
    Return on average attributed equity    18.40     22.37    15.73    15.22
    Net interest margin (2)                 4.52      4.40     4.19     2.84
    Efficiency ratio                       57.17     54.23    62.24    59.07


    (dollar amounts in millions)                              Finance
                                            Other    Inter-   & Other
    Three Months Ended March 31, 2007      Markets  national Businesses Total
    Earnings summary:
    Net interest income (expense) (FTE)        $7      $17     $(19)    $503
    Provision for loan losses                  (1)       -        5       23
    Noninterest income                          9        8       19      203
    Noninterest expenses                        9       11        8      407
    Provision (benefit) for income taxes
     (FTE)                                      3        5       (7)      87
    Income from discontinued operations,
      net of tax                                -        -        1        1
    Net income (loss)                          $5       $9      $(5)    $190
    Net credit-related charge-offs
     (recoveries)                              $-      $(1)      $-      $19

    Selected average balances:
    Assets                                   $713   $2,182   $6,291  $57,088
    Loans                                     704    2,059       39   48,896
    Deposits                                  482    1,098    6,519   42,579
    Liabilities                               482    1,137   15,060   51,987
    Attributed equity                          57      165    1,104    5,101

    Statistical data:
    Return on average assets (1)             3.04 %   1.68 %    N/M     1.33 %
    Return on average attributed equity     38.24    22.27      N/M    14.86
    Net interest margin (2)                  4.22     3.22      N/M     3.82
    Efficiency ratio                        55.46    42.08      N/M    57.66


    Three Months Ended
     December 31, 2006                    Midwest   Western   Texas   Florida
    Earnings summary:
    Net interest income (expense) (FTE)     $248      $178      $69      $11
    Provision for loan losses                 37       (15)       3        1
    Noninterest income                       123        74       20        4
    Noninterest expenses                     232       122       59       10
    Provision (benefit) for income taxes
     (FTE)                                    24        62       10        1
    Income from discontinued operations,
     net of tax                                -         -        -        -
    Net income (loss)                        $78       $83      $17       $3
    Net credit-related charge-offs
     (recoveries)                            $23       $(2)      $2       $-

    Selected average balances:
    Assets                               $22,843   $16,572   $6,631   $1,631
    Loans                                 21,836    16,037    6,360    1,611
    Deposits                              16,713    14,145    3,794      292
    Liabilities                           17,521    14,180    3,807      296
    Attributed equity                      1,901     1,140      559       87

    Statistical data:
    Return on average assets (1)            1.36 %    2.01 %   1.03 %   0.70 %
    Return on average attributed equity    16.37     29.14    12.20    13.03
    Net interest margin (2)                 4.49      4.40     4.27     2.80
    Efficiency ratio                       62.64     48.59    66.36    66.69


                                                              Finance
                                            Other    Inter-   & Other
    Three Months Ended December 31, 2006   Markets  national Businesses Total
    Earnings summary:
    Net interest income (expense) (FTE)        $8      $16     $(27)    $503
    Provision for loan losses                  (1)      (2)      (1)      22
    Noninterest income                          7        8       26      262
    Noninterest expenses                        9       12       13      457
    Provision (benefit) for income taxes
     (FTE)                                      3        7       (6)     101
    Income from discontinued operations,
     net of tax                                 -        -      114      114
    Net income (loss)                          $4       $7     $107     $299
    Net credit-related charge-offs
     (recoveries)                              $-       $-       $-      $23

    Selected average balances:
    Assets                                   $705   $2,094   $7,136  $57,612
    Loans                                     698    1,970       56   48,568
    Deposits                                  439    1,047    6,773   43,203
    Liabilities                               437    1,078   15,013   52,332
    Attributed equity                          56      145    1,392    5,280

    Statistical data:
    Return on average assets (1)             2.05 %   1.37 %    N/M     2.07 %
    Return on average attributed equity     25.57    19.74      N/M    22.63
    Net interest margin (2)                  4.38     3.25      N/M     3.75
    Efficiency ratio                        58.27    50.47      N/M    59.81


    Three Months Ended March 31, 2006     Midwest   Western    Texas   Florida
    Earnings summary:
    Net interest income (expense) (FTE)     $243      $168      $61      $10
    Provision for loan losses                  -       (14)      (4)       -
    Noninterest income                       117        28       18        4
    Noninterest expenses                     223       109       50        8
    Provision (benefit) for income taxes
     (FTE)                                    38        35       10        2
    Loss from discontinued operations,
     net of tax                                -         -        -        -
    Net income (loss)                        $99       $66      $23       $4
    Net credit-related charge-offs
     (recoveries)                            $17        $-       $1       $2

    Selected average balances:
    Assets                               $22,332   $16,261   $5,611   $1,390
    Loans                                 21,303    15,644    5,355    1,371
    Deposits                              17,039    15,405    3,662      307
    Liabilities                           17,811    15,440    3,666      306
    Attributed equity                      1,803     1,078      496       72

    Statistical data:
    Return on average assets (1)            1.79 %    1.60 %   1.63 %   1.05 %
    Return on average attributed equity    22.14     24.56    18.40    20.18
    Net interest margin (2)                 4.51      4.25     4.46     2.91
    Efficiency ratio                       61.83     55.74    63.50    55.72


                                                              Finance
                                            Other    Inter-   & Other
    Three Months Ended March 31, 2006      Markets  national Businesses Total
    Earnings summary:
    Net interest income (expense) (FTE)        $8      $17     $(27)    $480
    Provision for loan losses                   1       (6)      (4)     (27)
    Noninterest income                          7        3       18      195
    Noninterest expenses                        8       13       18      429
    Provision (benefit) for income taxes
     (FTE)                                      2        3      (24)      66
    Loss from discontinued operations,
     net of tax                                 -        -      (13)     (13)
    Net income (loss)                          $4      $10     $(12)    $194
    Net credit-related charge-offs
     (recoveries)                              $-       $1       $1      $22

    Selected average balances:
    Assets                                   $590   $2,321   $6,772  $55,277
    Loans                                     579    2,180       47   46,479
    Deposits                                  601    1,070    3,114   41,198
    Liabilities                               600    1,091   11,291   50,205
    Attributed equity                          53      180    1,390    5,072

    Statistical data:
    Return on average assets (1)             2.44 %   1.77 %    N/M     1.41 %
    Return on average attributed equity     30.06    22.90      N/M    15.33
    Net interest margin (2)                  5.30     2.97      N/M     3.80
    Efficiency ratio                        54.90    64.03      N/M    63.39


    (1) Return on average assets is calculated based on the greater of average
        assets or average liabilities and attributed equity.
    (2) Net interest margin is calculated based on the greater of average
        earning assets or average deposits and purchased funds.
    FTE - Fully Taxable Equivalent
    N/M - Not Meaningful

SOURCE Comerica Incorporated

Media, Wayne J. Mielke, +1-313-222-4732, or Investors, Darlene P. Persons,
+1-313-222-2840, or Paul Jaremski, +1-313-222-6317, all of Comerica/ /FIRST AND FINAL
ADD -- TABULAR MATERIAL -- TO FOLLOW

http://www.comerica.com/

Press releases, archived webcasts/presentations/conference calls, and SEC filings speak only to the date they are issued, made or filed, respectively. Investors should not rely on such information as being unchanged in making investment decisions.

Press releases, archived webcasts/presentations/conference calls, and SEC filings speak only to the date they are issued, made or filed, respectively. Investors should not rely on such information as being unchanged in making investment decisions.
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