Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 253

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 253
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 and control procedures that are intended to ensure these critical accounting estimates and judgments are well controlled and applied consistently. In addition, the policies and procedures are intended to ensure that the process for changing methodologies occurs in an appropriate manner. Because of the uncertainty surrounding management's judgments and the estimates pertaining to these matters, Comerica cannot guarantee that it will not be required to adjust accounting policies or restate prior period financial statements. For example, Comerica's allowances for credit losses, fair value measurement, pension plan accounting and provisions for income taxes may prove faulty or inaccurate. See “Critical Accounting Estimates” in the Financial Section of this report and Note 1 of the Notes to Consolidated Financial Statements in the Financial Section of this report for additional information regarding critical accounting estimates and policies. 

•Comerica's stock price can be volatile.

Stock price volatility may make it more difficult for stockholders to resell their common stock when they want and at prices they find attractive. Comerica's stock price can fluctuate significantly in response to a variety of factors including, among other things:

•Actual or anticipated variations in quarterly results of operations.

•Recommendations or projections by securities analysts.

•Operating and stock price performance of other companies that investors deem comparable to Comerica.

•News reports relating to trends, concerns and other issues in the financial services industry.

•Perceptions in the marketplace regarding Comerica and/or its competitors.

•New technology used, or services offered, by Comerica or competitors.

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•Significant acquisitions or business combinations, strategic partnerships, joint ventures or capital commitments by or involving Comerica or its competitors.

•Changes in dividends and capital returns.

•Changes in government regulations.

•Cyclical fluctuations.

•Geopolitical conditions such as acts or threats of terrorism or military conflicts.

•Activity by short sellers and changing government restrictions on such activity.

General market fluctuations, including real or anticipated changes in the strength of the economy; industry factors and general economic and political conditions and events, such as economic slowdowns or recessions; interest rate changes, oil price volatility or credit loss trends, among other factors, could also cause Comerica's stock price to decrease, regardless of Comerica's operating results.

For the above and other reasons, the market price of Comerica's securities may not accurately reflect the underlying value of the securities, and investors should consider this before relying on the market prices of Comerica's securities when making an investment decision.

•An investment in Comerica's equity