Comerica Reports Second Quarter 2007 Earnings
Loan Growth Continues in High Growth Markets
Credit Quality Remains Solid
Expenses Are Well Controlled

DETROIT, July 18 /PRNewswire-FirstCall/ -- Comerica Incorporated (NYSE: CMA) today reported second quarter 2007 income from continuing operations of $196 million, or $1.25 per diluted share, compared to $189 million, or $1.19 per diluted share, for the first quarter 2007 and $195 million, or $1.19 per diluted share, for the second quarter 2006.

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    (dollar amounts in millions,
    except per share data)               2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income                     $509         $502         $500
    Provision for loan losses                 36           23           27
    Noninterest income                       225          203          203
    Noninterest expenses                     411          407          389

    Income from continuing operations,
     net of tax                              196          189          195
    Net income                               196          190          200

    Diluted EPS from continuing
     operations                             1.25         1.19         1.19
    Diluted EPS from discontinued
     operations*                             -            -           0.03
    Diluted EPS                             1.25         1.19         1.22

    Return on average common
     shareholders' equity from
     continuing operations                 15.41 %      14.83 %      15.15 %
    Return on average common
     shareholders' equity                  15.41        14.86        15.50

    Net interest margin                     3.76         3.82         3.82

    * In the fourth quarter 2006, Comerica sold its stake in Munder Capital
      Management (Munder) and reports Munder as a discontinued operation in
      all periods presented.

Income from continuing operations for the first six months of 2007 was $385 million, or $2.44 per diluted share, compared to $402 million, or $2.45 per diluted share, for the first six months of 2006. The provision for loan losses was $59 million for the first six months of 2007, compared to zero for the same time period in 2006. Return on average common shareholders' equity from continuing operations was 15.12 percent for the first six months of 2007 and 15.73 percent for the same period in 2006.

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

    (dollar amounts per diluted        2nd Qtr   1st Qtr     Year-to-date
     share)                             '07        '07      2007      2006

    Sale of Mexican bank charter        $0.01      $-      $0.01    $(0.02)
    Net income (loss) from principal
     investing and warrants              0.03     (0.02)    0.01      0.02
    Federal tax adjustments               -         -         -       0.10
    Tax-related interest adjustments      -         -         -      (0.07)
    Litigation-related insurance
     settlement                          0.03       -       0.03       -
    Headquarters move-related costs     (0.01)      -      (0.01)      -

"Our second quarter financial results reflect the continued execution of our strategy," said Ralph W. Babb Jr., chairman and chief executive officer. "We had good loan growth, particularly in our high growth markets, and the second quarter net interest margin of 3.76 percent was in line with our full- year 2007 expectations. Expenses in the second quarter remained well controlled, even as we continued to ramp-up our banking center expansion program and relocate our corporate headquarters to Texas."

    Second Quarter and Year-to-date 2007 Highlights

    Second Quarter 2007 Compared to First Quarter 2007
    -- On an annualized basis, excluding Financial Services Division (FSD)
       loans, average loans increased seven percent, led by growth of 13
       percent in the Western market, eight percent in the Texas market, six
       percent in the Florida market and three percent in the Midwest market.
    -- The net interest margin was 3.76 percent in the second quarter 2007, a
       decrease of six basis points from 3.82 percent in the first quarter
       2007, largely due to changes in the funding mix.
    -- Net credit-related charge-offs were $30 million, or 24 basis points as
       a percent of average total loans, for the second quarter 2007, compared
       to $19 million, or 16 basis points as a percent of average total loans,
       for the first quarter 2007, a modest increase from historically low
       levels.
    -- Noninterest income increased $22 million and reflected growth in
       several areas.  Refer to "Noninterest Income" below for more
       information.
    -- Noninterest expenses increased slightly, by $4 million, from the first
       quarter 2007. Refer to "Noninterest Expenses" below for additional
       details.
    -- Open market share repurchases in the second quarter 2007 totaled 3.5
       million shares, or two percent of total shares outstanding at March 31,
       2007.

    Year-to-date June 2007 Compared to Year-to-date June 2006
    -- Excluding Financial Services Division loans, average loan growth was
       eight percent, with 17 percent growth in the Texas market, 14 percent
       in the Western market, 13 percent in the Florida market, and two
       percent in the Midwest market.
    -- The net interest margin was 3.79 percent, compared to 3.81 percent for
       the same period in 2006.
    -- Total revenue increased four percent, including seven percent growth in
       noninterest income.
    -- Net credit-related charge-offs were 20 basis points as a percent of
       average total loans for the first six months of 2007, compared to 17
       basis points for the same period in 2006, consistent with our full-year
       outlook.
    -- Noninterest expenses were unchanged from 2006 expenses, particularly
       notable as expenses related to new banking centers were $10 million
       higher than last year.  Headcount was up only one percent, even with
       the net addition of 24 banking centers in the last 12 months.
    -- Open market share repurchases in the first six months of 2007 totaled
       6.9 million shares, or four percent of total shares outstanding at
       December 31, 2006.


    Net Interest Income Boosted by Loan Growth

      (dollar amounts in millions)     2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income                     $509         $502         $500

    Net interest margin                     3.76 %       3.82 %       3.82 %

    Selected average balances:
       Total earning assets              $54,304      $53,148      $52,371
       Total loans                        49,793       48,896       47,802
       Total loans, excluding FSD loans
        (primarily low-rate)              48,213       47,327       45,245

       Total interest-bearing deposits    30,049       30,417       28,446
       Total noninterest-bearing
        deposits                          11,633       12,162       13,575
       Total noninterest-bearing
        deposits, excluding FSD            8,356        8,712        8,782

    -- The $7 million increase in net interest income in the second quarter
       2007, when compared to first quarter 2007, resulted primarily from
       earning asset growth and the impact of one more day in the second
       quarter 2007 ($6 million).
    -- The net interest margin of 3.76 percent declined six basis points,
       reflecting stable loan yields and deposit rates offset by a change in
       funding mix, largely attributable to a decline in non-interest bearing
       deposits.  Maturing interest rate swaps provided a three basis point
       positive contribution to the margin.


    Noninterest Income Reflects Positive Trends

Noninterest income was $225 million for the second quarter 2007, compared to $203 million for both the first quarter 2007 and the second quarter 2006. The $22 million increase in noninterest income in the second quarter 2007, compared to the first quarter 2007, reflected positive trends in several categories (including service charges on deposit accounts, card fees, commercial lending fees and foreign exchange income), and increases in net income (loss) from principal investing and warrants ($10 million) and deferred compensation asset returns ($5 million). Certain categories of noninterest income are highlighted in the table below.

    (in millions)                       2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net income (loss) from principal
     investing and warrants                 $6          $(4)         $4
    Net gain (loss) on sales of
     businesses                              2            1           -
    Other noninterest income
       Deferred compensation asset returns*  6            1          (1)

    * Compensation deferred by Comerica officers is invested in stocks and
      bonds to reflect the investment selections of the officers. Income
      earned on these assets is reported in noninterest income and the
      offsetting increase in the liability is reported in salaries expense.


    Noninterest Expenses Remain Well Controlled

Noninterest expenses were $411 million for the second quarter 2007, compared to $407 million for the first quarter 2007 and $389 million for the second quarter 2006. The $4 million increase in noninterest expenses in the second quarter 2007, compared to the first quarter 2007, reflected increases in incentive compensation and pension expense, partially offset by decreases in share-based compensation expense, litigation and operational losses, and customer services expense. The increase in incentives reflected an increase in costs related to deferred compensation plans of $5 million and increased incentives primarily tied to peer-comparison performance of $8 million. The decrease in share-based compensation expense reflected the annual award of restricted stock to retirement-eligible employees granted in the first quarter, which must be expensed in the period granted. Litigation and operational losses reflected a litigation-related insurance settlement of $8 million in the second quarter 2007. Customer services expense varies from period to period as a result of changes in the level of noninterest-bearing deposits in the Corporation's Financial Services Division, the earnings credit allowance provided on these deposits and a competitive environment. In addition, noninterest expenses included approximately $2 million of costs related to the previously announced relocation of Comerica's headquarters to Dallas, Texas, reflected in salaries and other noninterest expenses.

Certain categories of noninterest expenses and the provision for income taxes are highlighted in the table below.

    (in millions)                   2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Salaries
       Regular salaries                $157          $154        $153
       Incentives                        46           29           30
       Share-based compensation          12           23           14
         Total salaries                 215          206          197
    Employee benefits                    50           46           44
    Customer services                    11           14            9
    Litigation and operational
     losses                              (9)           3            3
    Provision for credit losses on
     lending-related commitments         (2)          (2)           1
    Other noninterest expenses
       Interest on tax liabilities*      n/a          n/a          (5)

    Provision for income taxes
       Interest on tax liabilities
        (pretax)*                        $3           $1           n/a

    * Effective with the adoption of FASB Interpretation No. 48, "Accounting
      for Uncertainty in Income Taxes - an interpretation of FASB Statement
      No. 109," Comerica changed its accounting policy and prospectively began
      to classify interest on tax liabilities in the "provision for income
      taxes." Prior to January 1, 2007, interest on tax liabilities was
      classified in "other noninterest expenses."
      n/a - not applicable


    Credit Quality Remained Solid

"We continue to proactively manage our credit risk," said Babb. "Our strong credit culture, and the enhanced risk management tools and processes we have put in place, contributed to our solid credit quality in the second quarter. Net credit-related charge-offs remained relatively low, despite the continued weakness in the Michigan economy. Credit quality in the Western and Texas markets remained strong."

    -- The provision for loan losses reflected challenges to industries
       located in Michigan (Midwest market), including the automotive and
       commercial real estate industries.
    -- Nonperforming assets were 53 basis points of total loans and foreclosed
       property for the second quarter 2007, and remained at low levels.
       During the second quarter 2007, $107 million of loan relationships
       greater than $2 million were transferred to nonaccrual status, an
       increase of $38 million from the first quarter 2007.  Of the transfers
       to nonaccrual, $57 million were in the real estate industry, including
       $36 million from the Midwest market and $21 million from the Western
       market. By market, $69 million of the transfers to nonaccrual were from
       the Midwest.


    (dollar amounts in millions)     2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net loan charge-offs                $30          $16          $18
    Net lending-related
     commitment charge-offs               -            3            1
       Total net credit-related
        charge-offs                      30           19           19
    Net loan charge-offs/Average
     total loans                       0.24 %       0.13 %       0.15 %
    Net credit-related charge-
     offs/Average total loans          0.24         0.16         0.16

    Provision for loan losses           $36          $23          $27
    Provision for credit losses
     on lending-related commitments      (2)          (2)           1
        Total provision for
         credit losses                   34           21           28

    Nonperforming assets (NPAs)         259          233          174
    NPAs/Total loans and
     foreclosed property               0.53 %       0.49 %       0.37 %

    Allowance for loan losses          $507         $500         $481
    Allowance for credit losses
     on lending-related commitments*     19           21           41
       Total allowance for
        credit losses                   526          521          522
    Allowance for loan
     losses/Total loans                1.04 %       1.04 %       1.04 %
    Allowance for loan losses/NPAs      195          214          278

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


    Balance Sheet and Capital Management

Total assets and common shareholders' equity were $58.6 billion and $5.0 billion, respectively, at June 30, 2007, compared to $57.5 billion and $5.1 billion, respectively, at March 31, 2007. There were approximately 153 million shares outstanding at June 30, 2007, compared to 156 million shares outstanding at March 31, 2007. Open market share repurchases for the current and prior quarter are shown in the following table:

                                       2nd Qtr '07          1st Qtr '07
                                    Number                 Number
    (in millions)                  of Shares    Amount    of Shares  Amount

    Open market share repurchases    3.5         $217       3.4      $207

Comerica's second quarter 2007 estimated Tier 1 common, Tier 1 and total risk-based capital ratios were 7.19 percent, 7.87 percent and 11.71 percent, respectively.

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 of
       $3.2 billion. Financial Services Division loans will fluctuate in
       tandem with the level of noninterest-bearing deposits
    -- Average full year net interest margin of about 3.75 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, from a 2006 adjusted base of $1,669
       million. Outlook reflects anticipated 2007 costs associated with the
       previously announced headquarters move to Dallas, Texas (expected to be
       about $10 million, with most of the remaining $8 million expected to be
       incurred in the third quarter)
    -- 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).  Total open market share repurchases in 2007 expected to be
       about nine million shares

    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 June 30, 2007 and are presented on a fully taxable equivalent (FTE) basis. The accompanying narrative addresses second quarter 2007 results compared to first quarter 2007.

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

    (dollar amounts in
     millions)               2nd Qtr '07    1st Qtr '07     2nd Qtr '06

    Business Bank            $136    73 %    $141    72 %    $137    71  %
    Retail Bank                35    19        33    17        39    20
    Wealth & Institutional
     Management                16     8        21    11        17     9
                              187   100 %     195   100 %     193   100 %
    Finance                     -               1              (7)
    Other*                      9              (6)             14
       Total                 $196            $190            $200

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


    Business Bank

    (dollar amounts in millions)     2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)           $338          $329        $333
    Provision for loan losses             32            14          21
    Noninterest income                    68            61          71
    Noninterest expenses                 176           170         182
    Net income                           136           141         137

    Net credit-related charge-offs        24            15          12

    Selected average balances:
    Assets                            40,848        40,059      39,367
    Loans                             39,824        39,015      38,175
       FSD loans                       1,580         1,569       2,557
    Deposits                          16,432        16,710      17,931
       FSD deposits                    4,505         4,698       6,557

    Net interest margin                 3.39  %       3.42 %      3.53 %

    -- Average loans, excluding the Financial Services Division, increased
       $798 million, or nine percent on an annualized basis, primarily due to
       growth in the Middle Market, Global Corporate, Commercial Real Estate
       and Technology and Life Sciences business lines.
    -- Average deposits decreased $85 million, excluding the $193 million
       decline in the Financial Services Division, primarily due to a decline
       in the Middle Market business line, partially offset by growth in the
       Technology and Life Sciences and Global Corporate business lines.
    -- The net interest margin of 3.39 percent decreased three basis points,
       primarily due to a decline in deposits.
    -- The provision for loan losses increased $18 million, primarily due to
       an increase in reserves for commercial real estate.
    -- Noninterest income increased $7 million, primarily due to the absence
       of a negative warrant fair value adjustment that affected the first
       quarter 2007.
    -- Noninterest expenses increased $6 million, primarily due to an increase
       in salaries and employee benefits expense.


    Retail Bank
    (dollar amounts in millions)     2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)           $160          $157        $162
    Provision for loan losses              4            5            8
    Noninterest income                    57           52           54
    Noninterest expenses                 160          153          150
    Net income                            35           33           39

    Net credit-related charge-offs         6            4            8

    Selected average balances:
    Assets                             6,828        6,840        6,786
    Loans                              6,100        6,095        6,094
    Deposits                          17,191       17,033       16,770

    Net interest margin                 3.73  %      3.74 %       3.92 %

    -- Average loans increased $5 million, as increases in small business
       commercial loans were partially offset by a decline in consumer loans,
       primarily in the Midwest market.
    -- Average deposits increased $158 million, with growth in all deposit
       categories.
    -- The net interest margin of 3.73 percent decreased one basis point,
       primarily due to a decline in loan spreads.
    -- Noninterest income increased $5 million, primarily due to higher gains
       on sales of student loans in the second quarter 2007, an increase in
       service charges on deposit accounts and increased card fees.
    -- Noninterest expenses increased $7 million, primarily due to the impact
       of opening three new banking centers during the second quarter of 2007
       and 12 new banking centers year-to-date.


    Wealth and Institutional Management
    (dollar amounts in millions)    2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)            $36          $36           $37
    Provision for loan losses              2           (1)           (1)
    Noninterest income                    70           71            64
    Noninterest expenses                  79           76            76
    Net income                            16           21            17

    Net credit-related charge-offs         -            -             -

    Selected average balances:
    Assets                             4,009        3,898         3,608
    Loans                              3,860        3,747         3,470
    Deposits                           2,295        2,317         2,463

    Net interest margin                 3.72  %      3.88 %        4.35 %

    -- Average loans increased $113 million, or 12 percent on an annualized
       basis.
    -- Average deposits decreased $22 million, primarily due to decreased
       noninterest-bearing accounts.
    -- The net interest margin of 3.72 percent declined 16 basis points,
       primarily due to declines in loan spreads, deposit spreads and average
       deposit balances.
    -- Noninterest expenses increased $3 million, primarily due to an increase
       in severance.


    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 June 30, 2007 and are presented on a fully taxable equivalent (FTE) basis. The accompanying narrative addresses second quarter 2007 results compared to first quarter 2007.

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

    (dollar amounts in
     millions)                2nd Qtr '07   1st Qtr '07   2nd Qtr '06

    Midwest                   $87    47 %    $90    45 %   $96    50  %
    Western                    58    31       66    34      63    33
    Texas                      20    10       22    11      20    11
    Florida                     2     1        3     2       1     -
    Other Markets               5     3        5     3       4     2
    International              15     8        9     5       9     4
                              187   100 %    195   100 %   193   100 %
    Finance & Other*            9             (5)            7
       Total                 $196           $190          $200

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


    Midwest
    (dollar amounts in millions)   2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)          $248         $244         $251
    Provision for loan losses            34           30           22
    Noninterest income                  122          116          120
    Noninterest expenses                217          206          215
    Net income                           87           90           96

    Net credit-related charge-offs       29           22           16

    Selected average balances:
    Assets                           22,874       22,755       22,724
    Loans                            21,946       21,783       21,700
    Deposits                         16,477       16,657       16,674

    Net interest margin                4.52  %      4.52 %       4.69 %

    -- Average loans increased $163 million, or three percent on an annualized
       basis, primarily due to growth in the Commercial Real Estate, Global
       Corporate Banking, Middle Market Banking and Private Banking business
       lines.
    -- Average deposits decreased $180 million, primarily due to a decline in
       the Global Corporate Banking business line.
    -- The provision for loan losses increased $4 million, primarily due to
       increased reserves for commercial real estate.
    -- Noninterest income increased $6 million, primarily due to an increase
       in service charges on deposit accounts and nominal warrant income in
       the current period, compared to warrant losses in the first quarter.
    -- Noninterest expenses increased $11 million, partially due to increases
       in salaries and employee benefits expenses and outside processing fees.


    Western Market
    (dollar amounts in millions)   2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)          $179         $176         $179
    Provision for loan losses             5          (11)           2
    Noninterest income                   32           28           34
    Noninterest expenses                113          110          110
    Net income                           58           66           63

    Net credit-related charge-offs        4           (5)           3

    Selected average balances:
    Assets                           17,257       16,782       16,515
    Loans                            16,715       16,241       15,955
       FSD loans                      1,580        1,569        2,557
    Deposits                         13,595       13,696       14,861
       FSD deposits                   4,310        4,515        6,449

    Net interest margin                4.29  %      4.40 %       4.55 %

    -- Excluding the Financial Services Division, average loans increased $463
       million, or 13 percent on an annualized basis, primarily due to growth
       in the Middle Market Banking, Technology and Life Sciences, Global
       Corporate Banking, Private Banking and Commercial Real Estate business
       lines.
    -- Excluding the Financial Services Division, average deposits increased
       $104 million, primarily due to growth in the Technology and Life
       Sciences and Global Corporate Banking business lines.
    -- The net interest margin declined 11 basis points, due to a net decrease
       from the impact of the Financial Services Division (offset by lower
       customer service expense in noninterest expenses) and a decline in loan
       spreads.
    -- The provision for loan losses increased $16 million primarily due to
       stable credit quality in the second quarter compared to improving
       credit quality in the first quarter 2007.
    -- Noninterest income increased $4 million, primarily due to an increase
       in income from the sale of SBA loans and a negative warrant fair value
       adjustment in the first quarter 2007.
    -- Noninterest expenses increased $3 million, primarily due to an increase
       in salaries and employee benefit expenses.
    -- Two new banking centers were opened in California in the second quarter
       and five year-to-date.


    Texas Market
    (dollar amounts in millions)   2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)           $69          $67          $64
    Provision for loan losses             3           (1)          (1)
    Noninterest income                   20           19           18
    Noninterest expenses                 56           54           53
    Net income                           20           22           20

    Total net credit-related charge-
     offs                                 1            3            2

    Selected average balances:
    Assets                            6,844        6,719        6,055
    Loans                             6,570        6,444        5,796
    Deposits                          3,836        3,843        3,668
    Net interest margin                4.22  %      4.19 %       4.51 %

    -- Average loans increased $126 million, or eight percent on an annualized
       basis, primarily due to growth in Small Business and Energy lending.
    -- The net interest margin of 4.22 percent increased three basis points.
    -- Noninterest expenses increased $2 million, primarily due to increased
       salaries and benefits expenses.
    -- Five new banking centers were opened year-to-date.


    Florida Market
    (dollar amounts in millions)   2nd Qtr '07  1st Qtr '07  2nd Qtr '06

    Net interest income (FTE)           $11          $11          $11
    Provision for loan losses             2            1            5
    Noninterest income                    3            4            3
    Noninterest expenses                  9            9            8
    Net income                            2            3            1

    Net credit-related charge-offs        1            -            -

    Selected average balances:
    Assets                            1,666        1,646        1,537
    Loans                             1,649        1,626        1,517
    Deposits                            290          284          313

    Net interest margin                2.68  %      2.84 %       2.83 %

    -- Average loans increased $23 million, or six percent on an annualized
       basis.
    -- Average deposits increased $6 million.
    -- The net interest margin declined 16 basis points, primarily due to a
       decline in loan spreads, deposit spreads and average deposit balances.


    Conference Call and Webcast

Comerica will host a conference call to review second quarter 2007 financial results at 8 a.m. ET Wednesday, July 18, 2007. Interested parties may access the conference call by calling (706) 679-5261 (event ID No. 4363667). 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 August 1, 2007. The conference call replay can be accessed by calling (800) 642-1687 or (706) 645-9291 (event ID No. 4363667). 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, changes related to the headquarters relocation or to its underlying assumptions, 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.

SOURCE Comerica Incorporated

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.