Exhibit 99.1

NEWS RELEASE

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS

Loan Growth Continues in High Growth Markets

Credit Quality Remains Solid

Expenses are Well Controlled

DETROIT/July 18, 2007 — 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.

(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:

							Year-to-date
(dollar amounts per diluted share)	2nd Qtr ’07			1st Qtr ’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	)		—

-more-

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 2

“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.

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 3

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.

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 4

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

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 5

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.

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 6

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

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 7

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.

-more-

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 8

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.

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 9

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.

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 10

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	%

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 11

• 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

- more -

COMERICA REPORTS SECOND QUARTER 2007 EARNINGS – 12

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 move 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.

Media Contact:	Investor Contacts:
Wayne J. Mielke (313) 222-4732	Darlene P. Persons (313) 222-2840
	Paul Jaremski (313) 222-6317

CONSOLIDATED FINANCIAL HIGHLIGHTS

Comerica Incorporated and Subsidiaries

	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(in millions, except per share data)	2007			2007			2006			2007			2006
PER SHARE AND COMMON STOCK DATA
Diluted income from continuing operations	$	1.25		$	1.19		$	1.19		$	2.44		$	2.45
Diluted net income		1.25			1.19			1.22			2.45			2.40
Cash dividends declared		0.64			0.64			0.59			1.28			1.18
Common shareholders’ equity (at period end)		32.80			32.84			31.99
Average diluted shares (in thousands)		156,632			158,915			163,439			157,774			163,378
KEY RATIOS
Return on average common shareholders’ equity from continuing operations		15.41	%		14.83	%		15.15	%		15.12	%		15.73	%
Return on average common shareholders’ equity		15.41			14.86			15.50			15.14			15.42
Return on average assets from continuing operations		1.35			1.33			1.38			1.34			1.44
Return on average assets		1.35			1.33			1.41			1.34			1.41
Average common shareholders’ equity as a percentage of average assets		8.77			8.93			9.09			8.85			9.13
Tier 1 common capital ratio *		7.19			7.49			7.69
Tier 1 risk-based capital ratio *		7.87			8.19			8.26
Total risk-based capital ratio *		11.71			12.15			11.55
Leverage ratio *		9.68			10.00			9.83
AVERAGE BALANCES
Commercial loans	$	28,324		$	27,757		$	27,587		$	28,042		$	27,106
Real estate construction loans		4,501			4,249			3,816			4,376			3,674
Commercial mortgage loans		9,634			9,673			9,229			9,654			9,114
Residential mortgage loans		1,791			1,705			1,537			1,748			1,515
Consumer loans		2,331			2,405			2,533			2,368			2,596
Lease financing		1,287			1,273			1,299			1,280			1,298
International loans		1,925			1,834			1,801			1,879			1,841
Total loans		49,793			48,896			47,802			49,347			47,144
Earning assets		54,304			53,148			52,371			53,729			51,678
Total assets		58,118			57,088			56,611			57,606			55,947
Interest-bearing deposits		30,049			30,417			28,446			30,232			28,020
Total interest-bearing liabilities		40,157			38,498			36,704			39,332			36,041
Noninterest-bearing deposits		11,633			12,162			13,575			11,897			13,591
Common shareholders’ equity		5,097			5,101			5,146			5,099			5,109
NET INTEREST INCOME
Net interest income (fully taxable equivalent basis)	$	510		$	503		$	501		$	1,013		$	981
Fully taxable equivalent adjustment		1			1			1			2			2
Net interest margin		3.76	%		3.82	%		3.82	%		3.79	%		3.81	%
CREDIT QUALITY
Nonaccrual loans	$	244		$	218		$	157
Foreclosed property		15			15			17
Total nonperforming assets		259			233			174
Loans past due 90 days or more and still accruing		29			15			15
Gross loan charge-offs		43			34			25			77			50
Loan recoveries		13			18			7			31			15
Net loan charge-offs		30			16			18			46			35
Lending-related commitment charge-offs		—			3			1			3			6
Total net credit-related charge-offs		30			19			19			49			41
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 as a percentage of total loans		1.04	%		1.04	%		1.04	%
Net loan charge-offs as a percentage of average total loans		0.24			0.13			0.15			0.19	%		0.15	%
Net credit-related charge-offs as a percentage of average total loans		0.24			0.16			0.16			0.20			0.17
Nonperforming assets as a percentage of total loans and foreclosed property		0.53			0.49			0.37
Allowance for loan losses as a percentage of total nonperforming assets		195			214			278

* June 30, 2007 ratios are estimated

-13-

CONSOLIDATED BALANCE SHEETS

Comerica Incorporated and Subsidiaries

	June 30,			March 31,			December 31,			June 30,
(in millions, except share data)	2007			2007			2006			2006
ASSETS
Cash and due from banks	$	1,372		$	1,334		$	1,434		$	1,664
Federal funds sold and securities purchased under agreements to resell		1,217			1,457			2,632			2,105
Other short-term investments		251			220			327			276
Investment securities available-for-sale		4,368			3,989			3,662			3,980
Commercial loans		27,146			26,681			26,265			25,928
Real estate construction loans		4,513			4,462			4,203			3,958
Commercial mortgage loans		9,728			9,592			9,659			9,363
Residential mortgage loans		1,839			1,741			1,677			1,568
Consumer loans		2,321			2,392			2,423			2,493
Lease financing		1,314			1,273			1,353			1,325
International loans		1,904			1,848			1,851			1,764
Total loans		48,765			47,989			47,431			46,399
Less allowance for loan losses		(507	)		(500	)		(493	)		(481	)
Net loans		48,258			47,489			46,938			45,918
Premises and equipment		616			596			568			522
Customers’ liability on acceptances outstanding		40			55			56			74
Accrued income and other assets		2,448			2,387			2,384			2,541
Total assets	$	58,570		$	57,527		$	58,001		$	57,080
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing deposits	$	12,763		$	13,584		$	13,901		$	15,199
Money market and NOW deposits		15,212			14,815			15,250			15,342
Savings deposits		1,397			1,410			1,365			1,470
Customer certificates of deposit		7,567			7,447			7,223			6,322
Institutional certificates of deposit		5,479			5,679			5,783			4,629
Foreign office time deposits		789			735			1,405			1,164
Total interest-bearing deposits		30,444			30,086			31,026			28,927
Total deposits		43,207			43,670			44,927			44,126
Short-term borrowings		297			329			635			442
Acceptances outstanding		40			55			56			74
Accrued expenses and other liabilities		1,260			1,205			1,281			1,162
Medium- and long-term debt		8,748			7,148			5,949			6,087
Total liabilities		53,552			52,407			52,848			51,891
Common stock - $5 par value:
Authorized - 325,000,000 shares
Issued - 178,735,252 shares at 6/30/07, 3/31/07, 12/31/06 and 6/30/06		894			894			894			894
Capital surplus		539			524			520			494
Accumulated other comprehensive loss		(308	)		(284	)		(324	)		(226	)
Retained earnings		5,400			5,311			5,282			4,978
Less cost of common stock in treasury - 25,725,671 shares at 6/30/07, 22,834,368 shares at 3/31/07, 21,161,161 shares at 12/31/06 and 16,534,470 shares at 6/30/06		(1,507	)		(1,325	)		(1,219	)		(951	)
Total shareholders’ equity		5,018			5,120			5,153			5,189
Total liabilities and shareholders’ equity	$	58,570		$	57,527		$	58,001		$	57,080

-14-

CONSOLIDATED STATEMENTS OF INCOME

Comerica Incorporated and Subsidiaries

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in millions, except per share data)	2007			2006		2007			2006
INTEREST INCOME
Interest and fees on loans	$	882		$	792	$	1,733		$	1,515
Interest on investment securities		46			45		88			89
Interest on short-term investments		5			8		13			13
Total interest income		933			845		1,834			1,617
INTEREST EXPENSE
Interest on deposits		284			236		570			435
Interest on short-term borrowings		24			45		46			87
Interest on medium- and long-term debt		116			64		207			116
Total interest expense		424			345		823			638
Net interest income		509			500		1,011			979
Provision for loan losses		36			27		59			—
Net interest income after provision for loan losses		473			473		952			979
NONINTEREST INCOME
Service charges on deposit accounts		55			54		109			108
Fiduciary income		49			44		98			88
Commercial lending fees		17			15		33			30
Letter of credit fees		15			15		31			31
Foreign exchange income		10			9		19			19
Brokerage fees		10			10		21			20
Card fees		14			12		26			23
Bank-owned life insurance		9			10		19			23
Net income from principal investing and warrants		6			4		2			7
Net securities gains (losses)		—			1		—			(1	)
Net gain (loss) on sales of businesses		2			—		3			(5	)
Other noninterest income		38			29		67			55
Total noninterest income		225			203		428			398
NONINTEREST EXPENSES
Salaries		215			197		421			390
Employee benefits		50			44		96			94
Total salaries and employee benefits		265			241		517			484
Net occupancy expense		33			30		68			60
Equipment expense		15			15		30			28
Outside processing fee expense		24			22		44			43
Software expense		15			14		30			28
Customer services		11			9		25			22
Litigation and operational losses (recoveries)		(9	)		3		(6	)		4
Provision for credit losses on lending-related commitments		(2	)		1		(4	)		14
Other noninterest expenses		59			54		114			135
Total noninterest expenses		411			389		818			818
Income from continuing operations before income taxes		287			287		562			559
Provision for income taxes		91			92		177			157
Income from continuing operations		196			195		385			402
Income (loss) from discontinued operations, net of tax		—			5		1			(8	)
NET INCOME	$	196		$	200	$	386		$	394
Basic earnings per common share:
Income from continuing operations	$	1.28		$	1.21	$	2.49		$	2.49
Net income		1.28			1.24		2.49			2.44
Diluted earnings per common share:
Income from continuing operations		1.25			1.19		2.44			2.45
Net income		1.25			1.22		2.45			2.40
Cash dividends declared on common stock		98			96		199			192
Dividends per common share		0.64			0.59		1.28			1.18

-15-

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME

Comerica Incorporated and Subsidiaries

	Second			First			Fourth			Third			Second		Second Quarter 2007 Compared To:
	Quarter			Quarter			Quarter			Quarter			Quarter		First Quarter 2007						Second Quarter 2006
(in millions, except per share data)	2007			2007			2006			2006			2006		Amount			Percent			Amount			Percent
INTEREST INCOME
Interest and fees on loans	$	882		$	851		$	858		$	843		$	792	$	31			3.5	%	$	90			11.2	%
Interest on investment securities		46			42			42			43			45		4			11.3			1			2.6
Interest on short-term investments		5			8			12			7			8		(3	)		(26.0	)		(3	)		(26.3	)
Total interest income		933			901			912			893			845		32			3.6			88			10.4
INTEREST EXPENSE
Interest on deposits		284			286			298			272			236		(2	)		(0.6	)		48			20.5
Interest on short-term borrowings		24			22			15			28			45		2			10.5			(21	)		(47.2	)
Interest on medium- and long-term debt		116			91			97			91			64		25			27.8			52			82.1
Total interest expense		424			399			410			391			345		25			6.5			79			23.0
Net interest income		509			502			502			502			500		7			1.4			9			1.8
Provision for loan losses		36			23			22			15			27		13			56.5			9			33.3
Net interest income after provision for loan losses		473			479			480			487			473		(6	)		(1.3	)		—			—
NONINTEREST INCOME
Service charges on deposit accounts		55			54			54			56			54		1			3.9			1			1.6
Fiduciary income		49			49			47			45			44		—			(0.6	)		5			10.7
Commercial lending fees		17			16			19			16			15		1			3.7			2			14.1
Letter of credit fees		15			16			16			17			15		(1	)		(3.3	)		—			(2.0	)
Foreign exchange income		10			9			10			9			9		1			7.5			1			4.9
Brokerage fees		10			11			10			10			10		(1	)		(6.3	)		—			5.3
Card fees		14			12			12			11			12		2			11.2			2			13.3
Bank-owned life insurance		9			10			9			8			10		(1	)		(1.7	)		(1	)		(2.1	)
Net income (loss) from principal investing and warrants		6			(4	)		3			—			4		10			N/M			2			N/M
Net securities gains		—			—			1			—			1		—			N/M			(1	)		N/M
Net gain (loss) on sales of businesses		2			1			—			(7	)		—		1			N/M			2			N/M
Income from lawsuit settlement		—			—			47			—			—		—			N/M			—			N/M
Other noninterest income		38			29			34			30			29		9			27.1			9			28.1
Total noninterest income		225			203			262			195			203		22			10.9			22			10.5
NONINTEREST EXPENSES
Salaries		215			206			231			202			197		9			4.6			18			9.3
Employee benefits		50			46			42			48			44		4			7.0			6			11.9
Total salaries and employee benefits		265			252			273			250			241		13			5.0			24			9.8
Net occupancy expense		33			35			34			31			30		(2	)		(6.0	)		3			10.5
Equipment expense		15			15			14			13			15		—			4.7			—			2.6
Outside processing fee expense		24			20			21			21			22		4			17.5			2			7.3
Software expense		15			15			15			13			14		—			(7.3	)		1			4.8
Customer services		11			14			14			11			9		(3	)		(20.4	)		2			23.9
Litigation and operational losses (recoveries)		(9	)		3			4			3			3		(12	)		N/M			(12	)		N/M
Provision for credit losses on lending-related commitments		(2	)		(2	)		(4	)		(5	)		1		—			(15.4	)		(3	)		N/M
Other noninterest expenses		59			55			86			62			54		4			11.0			5			9.6
Total noninterest expenses		411			407			457			399			389		4			1.0			22			5.5
Income from continuing operations before income taxes		287			275			285			283			287		12			4.3			—			(0.1	)
Provision for income taxes		91			86			100			88			92		5			5.3			(1	)		(1.9	)
Income from continuing operations		196			189			185			195			195		7			3.8			1			0.7
Income from discontinued operations, net of tax		—			1			114			5			5		(1	)		N/M			(5	)		N/M
NET INCOME	$	196		$	190		$	299		$	200		$	200	$	6			3.6	%	$	(4	)		(1.5	)%
Basic earnings per common share:
Income from continuing operations	$	1.28		$	1.21		$	1.17		$	1.22		$	1.21	$	0.07			5.8	%	$	0.07			5.8	%
Net income		1.28			1.21			1.89			1.25			1.24		0.07			5.8			0.04			3.2
Diluted earnings per common share:
Income from continuing operations		1.25			1.19			1.16			1.20			1.19		0.06			5.0			0.06			5.0
Net income		1.25			1.19			1.87			1.23			1.22		0.06			5.0			0.03			2.5
Cash dividends declared on common stock		98			101			94			94			96		(3	)		(1.7	)		2			3.0
Dividends per common share		0.64			0.64			0.59			0.59			0.59		—			—			0.05			8.5

N/M — Not meaningful

-16-

ANALYSIS OF THE ALLOWANCE FOR LOAN LOSSES

Comerica Incorporated and Subsidiaries

	2007						2006
(in millions)	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
Balance at beginning of period	$	500		$	493		$	493		$	481		$	472
Loan charge-offs:
Commercial		19			13			7			9			16
Real estate construction:
Commercial Real Estate business line		6			1			—			—			—
Other		2			—			—			—			—
Total real estate construction		8			1			—			—			—
Commercial mortgage:
Commercial Real Estate business line		3			3			3			1			—
Other		10			14			4			4			3
Total commercial mortgage		13			17			7			5			3
Residential mortgage		—			—			—			—			—
Consumer		3			3			13			3			4
Lease financing		—			—			3			—			1
International		—			—			1			—			1
Total loan charge-offs		43			34			31			17			25
Recoveries on loans previously charged-off:
Commercial		5			10			5			13			5
Real estate construction		—			—			—			—			—
Commercial mortgage		2			—			1			1			—
Residential mortgage		—			—			—			—			—
Consumer		1			1			1			—			1
Lease financing		—			4			—			—			—
International		5			3			2			—			1
Total recoveries		13			18			9			14			7
Net loan charge-offs		30			16			22			3			18
Provision for loan losses		36			23			22			15			27
Foreign currency translation adjustment		1			—			—			—			—
Balance at end of period	$	507		$	500		$	493		$	493		$	481
Allowance for loan losses as a percentage of total loans		1.04	%		1.04	%		1.04	%		1.06	%		1.04	%
Net loan charge-offs as a percentage of average total loans		0.24			0.13			0.18			0.02			0.15
Net credit-related charge-offs as a percentage of average total loans		0.24			0.16			0.19			0.06			0.16

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

Comerica Incorporated and Subsidiaries

	2007						2006
(in millions)	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
Balance at beginning of period	$	21		$	26		$	31		$	41		$	41
Less: Charge-offs on lending-related commitments (1)		—			3			1			5			1
Add: Provision for credit losses on lending-related commitments		(2	)		(2	)		(4	)		(5	)		1
Balance at end of period	$	19		$	21		$	26		$	31		$	41
Unfunded lending-related commitments sold	$	—		$	60		$	20		$	28		$	14

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

-17 -

NONPERFORMING ASSETS

Comerica Incorporated and Subsidiaries

	2007						2006
(in millions)	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
SUMMARY OF NONPERFORMING ASSETS AND PAST DUE LOANS
Nonaccrual loans:
Commercial	$	88		$	73		$	97		$	83		$	74
Real estate construction:
Commercial Real Estate business line		37			21			18			4			5
Other		7			4			2			—			—
Total real estate construction		44			25			20			4			5
Commercial mortgage:
Commercial Real Estate business line		20			17			18			10			11
Other		84			84			54			46			35
Total commercial mortgage		104			101			72			56			46
Residential mortgage		1			1			1			1			1
Consumer		3			4			4			5			3
Lease financing		—			4			8			12			12
International		4			10			12			13			16
Total nonaccrual loans		244			218			214			174			157
Reduced-rate loans		—			—			—			—			—
Total nonperforming loans		244			218			214			174			157
Foreclosed property		15			15			18			23			17
Total nonperforming assets	$	259		$	233		$	232		$	197		$	174
Nonperforming loans as a percentage of total loans		0.50	%		0.45	%		0.45	%		0.37	%		0.34	%
Nonperforming assets as a percentage of total loans and foreclosed property		0.53			0.49			0.49			0.42			0.37
Allowance for loan losses as a percentage of total nonperforming assets		195			214			213			251			278
Loans past due 90 days or more and still accruing	$	29		$	15		$	14		$	18		$	15
ANALYSIS OF NONACCRUAL LOANS
Nonaccrual loans at beginning of period	$	218		$	214		$	174		$	157		$	122
Loans transferred to nonaccrual (1)		107			69			66			39			51
Nonaccrual business loan gross charge-offs (2)		(40	)		(31	)		(16	)		(14	)		(21	)
Loans transferred to accrual status (1)		(8	)		—			—			—			—
Nonaccrual business loans sold (3)		—			(4	)		—			—			—
Payments/Other (4)		(33	)		(30	)		(10	)		(8	)		5
Nonaccrual loans at end of period	$	244		$	218		$	214		$	174		$	157
(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	$	40		$	31		$	16		$	14		$	21
Performing watch list loans		—			—			2			—			—
Consumer and residential mortgage loans		3			3			13			3			4
Total gross loan charge-offs	$	43		$	34		$	31		$	17		$	25
(3)    Analysis of loans sold:
Nonaccrual business loans	$	—		$	4		$	—		$	—		$	—
Performing watch list loans		—			—			25			7			15
Total loans sold	$	—		$	4		$	25		$	7		$	15
(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.

-18-

ANALYSIS OF NET INTEREST INCOME (FTE)

Comerica Incorporated and Subsidiaries

	Six Months Ended
	June 30, 2007									June 30, 2006
	Average						Average			Average						Average
(dollar amounts in millions)	Balance			Interest			Rate			Balance			Interest			Rate
Commercial loans (1) (2)	$	28,042		$	1,016			7.31	%	$	27,106		$	877			6.53	%
Real estate construction loans		4,376			186			8.55			3,674			154			8.44
Commercial mortgage loans		9,654			353			7.37			9,114			321			7.11
Residential mortgage loans		1,748			54			6.13			1,515			45			5.95
Consumer loans		2,368			84			7.15			2,596			90			6.94
Lease financing		1,280			21			3.26			1,298			27			4.06
International loans		1,879			66			7.12			1,841			61			6.72
Business loan swap expense		—			(45	)		—			—			(58	)		—
Total loans (2)		49,347			1,735			7.08			47,144			1,517			6.48
Investment securities available-for-sale		3,916			88			4.40			4,121			89			4.19
Federal funds sold and securities purchased under agreements to resell		235			6			5.38			263			6			4.88
Other short-term investments		231			7			6.00			150			7			8.66
Total earning assets		53,729			1,836			6.87			51,678			1,619			6.29
Cash and due from banks		1,410									1,604
Allowance for loan losses		(509	)								(498	)
Accrued income and other assets		2,976									3,163
Total assets	$	57,606								$	55,947
Money market and NOW deposits (1)	$	14,788			225			3.06		$	15,959			211			2.67
Savings deposits		1,400			6			0.88			1,478			5			0.70
Customer certificates of deposit		7,404			163			4.45			6,053			111			3.68
Institutional certificates of deposit		5,652			152			5.43			3,480			84			4.89
Foreign office time deposits		988			24			4.90			1,050			24			4.58
Total interest-bearing deposits		30,232			570			3.80			28,020			435			3.13
Short-term borrowings		1,736			46			5.31			3,736			87			4.71
Medium- and long-term debt		7,364			207			5.68			4,285			116			5.45
Total interest-bearing sources		39,332			823			4.22			36,041			638			3.57
Noninterest-bearing deposits (1)		11,897									13,591
Accrued expenses and other liabilities		1,278									1,206
Shareholders’ equity		5,099									5,109
Total liabilities and shareholders’ equity	$	57,606								$	55,947
Net interest income/rate spread (FTE)				$	1,013			2.65					$	981			2.72
FTE adjustment				$	2								$	2
Impact of net noninterest-bearing sources of funds								1.14									1.09
Net interest margin (as a percentage of average earning assets) (FTE) (2)								3.79	%								3.81	%
(1)    FSD balances included above:
Loans (primarily low-rate)	$	1,575		$	5			0.60	%	$	2,732		$	7			0.51	%
Interest-bearing deposits		1,238			24			3.90			2,024			38			3.80
Noninterest-bearing deposits		3,363									4,738
(2)    Impact of FSD loans (primarily low-rate) on the following:
Commercial loans								(0.40	)%								(0.68	)%
Total loans								(0.22	)								(0.37	)
Net interest margin (FTE) (assuming loans were funded by noninterest-bearing deposits)								(0.11	)								(0.20	)

-19-

ANALYSIS OF NET INTEREST INCOME (FTE)

Comerica Incorporated and Subsidiaries

	Three Months Ended
	June 30, 2007									March 31, 2007									June 30, 2006
	Average						Average			Average						Average			Average						Average
(dollar amounts in millions)	Balance			Interest			Rate			Balance			Interest			Rate			Balance			Interest			Rate
Commercial loans (1) (2)	$	28,324		$	517			7.31	%	$	27,757		$	499			7.30	%	$	27,587		$	465			6.78	%
Real estate construction loans		4,501			95			8.45			4,249			91			8.66			3,816			82			8.63
Commercial mortgage loans		9,634			178			7.39			9,673			175			7.35			9,229			166			7.24
Residential mortgage loans		1,791			28			6.15			1,705			26			6.11			1,537			23			6.02
Consumer loans		2,331			41			7.15			2,405			43			7.14			2,533			45			7.07
Lease financing		1,287			11			3.33			1,273			10			3.18			1,299			14			4.10
International loans		1,925			34			7.17			1,834			32			7.07			1,801			31			6.88
Business loan swap expense		—			(21	)		—			—			(24	)		—			—			(33	)		—
Total loans (2)		49,793			883			7.11			48,896			852			7.06			47,802			793			6.66
Investment securities available-for-sale		4,085			46			4.46			3,745			42			4.35			4,088			45			4.27
Federal funds sold and securities purchased under agreements to resell		195			2			5.37			276			4			5.39			336			5			5.05
Other short-term investments		231			3			5.21			231			4			6.79			145			3			9.24
Total earning assets		54,304			934			6.89			53,148			902			6.86			52,371			846			6.46
Cash and due from banks		1,341									1,480									1,561
Allowance for loan losses		(516	)								(503	)								(485	)
Accrued income and other assets		2,989									2,963									3,164
Total assets	$	58,118								$	57,088								$	56,611
Money market and NOW deposits (1)	$	14,825			114			3.08		$	14,749			111			3.05		$	15,330			106			2.78
Savings deposits		1,419			3			0.91			1,381			3			0.85			1,480			3			0.75
Customer certificates of deposit		7,463			83			4.46			7,345			80			4.44			6,216			60			3.83
Institutional certificates of deposit		5,484			74			5.43			5,823			78			5.44			4,327			54			5.04
Foreign office time deposits		858			10			4.81			1,119			14			4.96			1,093			13			4.87
Total interest-bearing deposits		30,049			284			3.80			30,417			286			3.81			28,446			236			3.33
Short-term borrowings		1,816			24			5.30			1,655			22			5.32			3,720			45			4.90
Medium- and long-term debt		8,292			116			5.63			6,426			91			5.74			4,538			64			5.65
Total interest-bearing sources		40,157			424			4.24			38,498			399			4.20			36,704			345			3.77
Noninterest-bearing deposits (1)		11,633									12,162									13,575
Accrued expenses and other liabilities		1,231									1,327									1,186
Shareholders’ equity		5,097									5,101									5,146
Total liabilities and shareholders’ equity	$	58,118								$	57,088								$	56,611
Net interest income/rate spread (FTE)				$	510			2.65					$	503			2.66					$	501			2.69
FTE adjustment				$	1								$	1								$	1
Impact of net noninterest-bearing sources of funds								1.11									1.16									1.13
Net interest margin (as a percentage of average earning assets) (FTE) (2)								3.76	%								3.82	%								3.82	%
(1)    FSD balances included above:
Loans (primarily low-rate)	$	1,580		$	2			0.52	%	$	1,569		$	3			0.68	%	$	2,557		$	4			0.60	%
Interest-bearing deposits		1,228			12			3.88			1,248			12			3.91			1,764			17			3.88
Noninterest-bearing deposits		3,277									3,450									4,793
(2)    Impact of FSD loans (primarily low-rate) on the following:
Commercial loans								(0.40	)%								(0.40	)%								(0.63	)%
Total loans								(0.21	)								(0.22	)								(0.34	)
Net interest margin (FTE) (assuming loans were funded by noninterest-bearing deposits)								(0.10	)								(0.11	)								(0.18	)

-20-

CONSOLIDATED STATISTICAL DATA

Comerica Incorporated and Subsidiaries

	June 30,			March 31,			December 31,			September 30,			June 30,
(in millions, except per share data)	2007			2007			2006			2006			2006
Commercial loans:
Floor plan	$	3,012		$	2,970		$	3,198		$	2,628		$	3,166
Other		24,134			23,711			23,067			23,127			22,762
Total commercial loans		27,146			26,681			26,265			25,755			25,928
Real estate construction loans:
Commercial Real Estate business line		3,777			3,708			3,449			3,352			3,222
Other		736			754			754			770			736
Total real estate construction loans		4,513			4,462			4,203			4,122			3,958
Commercial mortgage loans:
Commercial Real Estate business line		1,344			1,286			1,534			1,529			1,537
Other		8,384			8,306			8,125			7,956			7,826
Total commercial mortgage loans		9,728			9,592			9,659			9,485			9,363
Residential mortgage loans		1,839			1,741			1,677			1,622			1,568
Consumer loans:
Home equity		1,585			1,570			1,591			1,668			1,740
Other consumer		736			822			832			830			753
Total consumer loans		2,321			2,392			2,423			2,498			2,493
Lease financing		1,314			1,273			1,353			1,321			1,325
International loans		1,904			1,848			1,851			1,712			1,764
Total loans	$	48,765		$	47,989		$	47,431		$	46,515		$	46,399
Goodwill	$	150		$	150		$	150		$	213		$	213
Loan servicing rights		13			14			14			15			16
Tier 1 common capital ratio*		7.19	%		7.49	%		7.54	%		7.48	%		7.69	%
Tier 1 risk-based capital ratio*		7.87			8.19			8.02			8.04			8.26
Total risk-based capital ratio*		11.71			12.15			11.63			11.25			11.55
Leverage ratio*		9.68			10.00			9.76			9.68			9.83
Book value per share	$	32.80		$	32.84		$	32.70		$	32.79		$	31.99
Market value per share for the quarter:
High	$	63.89		$	63.39		$	59.72		$	58.95		$	60.10
Low		58.18			56.77			55.82			51.45			50.12
Close		59.47			59.12			58.68			56.92			51.99
Quarterly ratios:
Return on average common shareholders’ equity from continuing operations		15.41	%		14.83	%		14.03	%		15.00	%		15.15	%
Return on average common shareholders’ equity		15.41			14.86			22.63			15.38			15.50
Return on average assets from continuing operations		1.35			1.33			1.29			1.37			1.38
Return on average assets		1.35			1.33			2.07			1.41			1.41
Efficiency ratio		55.97			57.66			59.81			57.15			55.41
Number of banking centers		402			402			393			382			378
Number of employees — full time equivalent
Continuing operations		10,687			10,661			10,700			10,568			10,549
Discontinued operations		—			—			—			167			169

* June 30, 2007 ratios are estimated

-21-

PARENT COMPANY ONLY BALANCE SHEETS

Comerica Incorporated

	June 30,			December 31,			June 30,
(in millions, except share data)	2007			2006			2006
ASSETS
Cash and due from subsidiary bank	$	9		$	122		$	—
Short-term investments with subsidiary bank		353			246			372
Other short-term investments		103			92			87
Investment in subsidiaries, principally banks		5,617			5,586			5,607
Premises and equipment		3			4			3
Other assets		147			152			151
Total assets	$	6,232		$	6,202		$	6,220
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term debt	$	946		$	806		$	795
Other liabilities		268			243			236
Total liabilities		1,214			1,049			1,031
Common stock - $5 par value:
Authorized - 325,000,000 shares
Issued - 178,735,252 shares at 6/30/07, 12/31/06 and 6/30/06		894			894			894
Capital surplus		539			520			494
Accumulated other comprehensive loss		(308	)		(324	)		(226	)
Retained earnings		5,400			5,282			4,978
Less cost of common stock in treasury - 25,725,671 shares at 6/30/07, 21,161,161 shares at 12/31/06 and 16,534,470 shares at 6/30/06		(1,507	)		(1,219	)		(951	)
Total shareholders’ equity		5,018			5,153			5,189
Total liabilities and shareholders’ equity	$	6,232		$	6,202		$	6,220

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

Comerica Incorporated and Subsidiaries

									Accumulated
									Other									Total
	Common Stock					Capital			Comprehensive			Retained			Treasury			Shareholders’
(in millions, except per share data)	In Shares			Amount		Surplus			Loss			Earnings			Stock			Equity
BALANCE AT JANUARY 1, 2006		162.9		$	894	$	461		$	(170	)	$	4,796		$	(913	)	$	5,068
Net income		—			—		—			—			394			—			394
Other comprehensive loss, net of tax		—			—		—			(56	)		—			—			(56	)
Total comprehensive income																			338
Cash dividends declared on common stock ($1.18 per share)		—			—		—			—			(192	)		—			(192	)
Purchase of common stock		(1.5	)		—		—			—			—			(88	)		(88	)
Net issuance of common stock under employee stock plans		1.1			—		(17	)		—			(20	)		67			30
Recognition of share-based compensation expense		—			—		33			—			—			—			33
Employee deferred compensation obligations		(0.3	)		—		17			—			—			(17	)		—
BALANCE AT JUNE 30, 2006		162.2		$	894	$	494		$	(226	)	$	4,978		$	(951	)	$	5,189
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		—			—		—			—			386			—			386
Other comprehensive income, net of tax		—			—		—			16			—			—			16
Total comprehensive income		—			—		—			—			—			—			402
Cash dividends declared on common stock ($1.28 per share)		—			—		—			—			(199	)		—			(199	)
Purchase of common stock		(6.9	)		—		—			—			—			(425	)		(425	)
Net issuance of common stock under employee stock plans		2.3			—		(17	)		—			(26	)		138			95
Recognition of share-based compensation expense		—			—		35			—			—			—			35
Employee deferred compensation obligations		—			—		1			—			—			(1	)		—
BALANCE AT JUNE 30, 2007		153.0		$	894	$	539		$	(308	)	$	5,400		$	(1,507	)	$	5,018

-22-

BUSINESS SEGMENT FINANCIAL RESULTS

Comerica Incorporated and Subsidiaries

							Wealth &
(dollar amounts in millions)	Business			Retail			Institutional
Three Months Ended June 30, 2007	Bank			Bank			Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	338		$	160		$	36		$	(18	)	$	(6	)	$	510
Provision for loan losses		32			4			2			—			(2	)		36
Noninterest income		68			57			70			16			14			225
Noninterest expenses		176			160			79			3			(7	)		411
Provision (benefit) for income taxes (FTE)		62			18			9			(5	)		8			92
Income from discontinued operations, net of tax		—			—			—			—			—			—
Net income (loss)	$	136		$	35		$	16		$	—		$	9		$	196
Net credit-related charge-offs	$	24		$	6		$	—		$	—		$	—		$	30
Selected average balances:
Assets	$	40,848		$	6,828		$	4,009		$	5,296		$	1,137		$	58,118
Loans		39,824			6,100			3,860			2			7			49,793
Deposits		16,432			17,191			2,295			5,840			(76	)		41,682
Liabilities		17,263			17,204			2,303			16,033			218			53,021
Attributed equity		2,914			846			325			595			417			5,097
Statistical data:
Return on average assets (1)		1.33	%		0.78	%		1.59	%		N/M			N/M			1.35	%
Return on average attributed equity		18.69			16.56			19.55			N/M			N/M			15.41
Net interest margin (2)		3.39			3.73			3.72			N/M			N/M			3.76
Efficiency ratio		43.49			73.61			74.74			N/M			N/M			55.97

							Wealth &
	Business			Retail			Institutional
Three Months Ended March 31, 2007	Bank			Bank			Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	329		$	157		$	36		$	(17	)	$	(2	)	$	503
Provision for loan losses		14			5			(1	)		—			5			23
Noninterest income		61			52			71			16			3			203
Noninterest expenses		170			153			76			2			6			407
Provision (benefit) for income taxes (FTE)		65			18			11			(4	)		(3	)		87
Income from discontinued operations, net of tax		—			—			—			—			1			1
Net income (loss)	$	141		$	33		$	21		$	1		$	(6	)	$	190
Net credit-related charge-offs	$	15		$	4		$	—		$	—		$	—		$	19
Selected average balances:
Assets	$	40,059		$	6,840		$	3,898		$	5,015		$	1,276		$	57,088
Loans		39,015			6,095			3,747			17			22			48,896
Deposits		16,710			17,033			2,317			6,490			29			42,579
Liabilities		17,565			17,045			2,317			14,600			460			51,987
Attributed equity		2,850			835			312			574			530			5,101
Statistical data:
Return on average assets (1)		1.41	%		0.75	%		2.17	%		N/M			N/M			1.33	%
Return on average attributed equity		19.80			15.97			27.09			N/M			N/M			14.86
Net interest margin (2)		3.42			3.74			3.88			N/M			N/M			3.82
Efficiency ratio		43.56			73.11			70.74			N/M			N/M			57.66

							Wealth &
	Business			Retail			Institutional
Three Months Ended June 30, 2006	Bank			Bank			Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	333		$	162		$	37		$	(27	)	$	(4	)	$	501
Provision for loan losses		21			8			(1	)		—			(1	)		27
Noninterest income		71			54			64			14			—			203
Noninterest expenses		182			150			76			2			(21	)		389
Provision (benefit) for income taxes (FTE)		64			19			9			(8	)		9			93
Income from discontinued operations, net of tax		—			—			—			—			5			5
Net income (loss)	$	137		$	39		$	17		$	(7	)	$	14		$	200
Net credit-related charge-offs	$	12		$	8		$	—		$	—		$	(1	)	$	19
Selected average balances:
Assets	$	39,367		$	6,786		$	3,608		$	5,272		$	1,578		$	56,611
Loans		38,175			6,094			3,470			26			37			47,802
Deposits		17,931			16,770			2,463			4,987			(130	)		42,021
Liabilities		18,898			16,769			2,460			13,103			235			51,465
Attributed equity		2,608			840			294			463			941			5,146
Statistical data:
Return on average assets (1)		1.39	%		0.88	%		1.92	%		N/M			N/M			1.41	%
Return on average attributed equity		20.94			18.47			23.52			N/M			N/M			15.50
Net interest margin (2)		3.53			3.92			4.35			N/M			N/M			3.82
Efficiency ratio		45.38			69.33			74.71			N/M			N/M			55.41

(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

-23-

MARKET SEGMENT FINANCIAL RESULTS

Comerica Incorporated and Subsidiaries

																			Finance
(dollar amounts in millions)													Other						& Other
Three Months Ended June 30, 2007	Midwest			Western			Texas			Florida			Markets			International			Businesses			Total
Earnings summary:
Net interest income (expense) (FTE)	$	248		$	179		$	69		$	11		$	8		$	19		$	(24	)	$	510
Provision for loan losses		34			5			3			2			—			(6	)		(2	)		36
Noninterest income		122			32			20			3			9			9			30			225
Noninterest expenses		217			113			56			9			9			11			(4	)		411
Provision (benefit) for income taxes (FTE)		32			35			10			1			3			8			3			92
Income from discontinued operations, net of tax		—			—			—			—			—			—			—			—
Net income (loss)	$	87		$	58		$	20		$	2		$	5		$	15		$	9		$	196
Net credit-related charge-offs (recoveries)	$	29		$	4		$	1		$	1		$	—		$	(5	)	$	—		$	30
Selected average balances:
Assets	$	22,874		$	17,257		$	6,844		$	1,666		$	769		$	2,274		$	6,434		$	58,118
Loans		21,946			16,715			6,570			1,649			759			2,145			9			49,793
Deposits		16,477			13,595			3,836			290			473			1,247			5,764			41,682
Liabilities		17,252			13,633			3,852			294			472			1,266			16,252			53,021
Attributed equity		1,981			1,206			594			90			59			155			1,012			5,097
Statistical data:
Return on average assets (1)		1.52	%		1.36	%		1.14	%		0.53	%		2.53	%		2.60	%		N/M			1.35	%
Return on average attributed equity		17.55			19.51			13.13			9.76			33.10			38.21			N/M			15.41
Net interest margin (2)		4.52			4.29			4.22			2.68			3.98			3.33			N/M			3.76
Efficiency ratio		58.60			53.59			63.11			63.23			54.26			40.28			N/M			55.97

																			Finance
													Other						& Other
Three Months Ended March 31, 2007	Midwest			Western			Texas			Florida			Markets			International			Businesses			Total
Earnings summary:
Net interest income (expense) (FTE)	$	244		$	176		$	67		$	11		$	7		$	17		$	(19	)	$	503
Provision for loan losses		30			(11	)		(1	)		1			(1	)		—			5			23
Noninterest income		116			28			19			4			9			8			19			203
Noninterest expenses		206			110			54			9			9			11			8			407
Provision (benefit) for income taxes (FTE)		34			39			11			2			3			5			(7	)		87
Income from discontinued operations, net of tax		—			—			—			—			—			—			1			1
Net income (loss)	$	90		$	66		$	22		$	3		$	5		$	9		$	(5	)	$	190
Net credit-related charge-offs (recoveries)	$	22		$	(5	)	$	3		$	—		$	—		$	(1	)	$	—		$	19
Selected average balances:
Assets	$	22,755		$	16,782		$	6,719		$	1,646		$	713		$	2,182		$	6,291		$	57,088
Loans		21,783			16,241			6,444			1,626			704			2,059			39			48,896
Deposits		16,657			13,696			3,843			284			482			1,098			6,519			42,579
Liabilities		17,430			13,732			3,858			288			482			1,137			15,060			51,987
Attributed equity		1,955			1,177			556			87			57			165			1,104			5,101
Statistical data:
Return on average assets (1)		1.58	%		1.57	%		1.30	%		0.78	%		3.09	%		1.68	%		N/M			1.33	%
Return on average attributed equity		18.40			22.37			15.73			14.78			38.92			22.27			N/M			14.86
Net interest margin (2)		4.52			4.40			4.19			2.84			4.22			3.22			N/M			3.82
Efficiency ratio		57.17			54.23			62.24			60.05			54.54			42.08			N/M			57.66

																			Finance
													Other						& Other
Three Months Ended June 30, 2006	Midwest			Western			Texas			Florida			Markets			International			Businesses			Total
Earnings summary:
Net interest income (expense) (FTE)	$	251		$	179		$	64		$	11		$	9		$	18		$	(31	)	$	501
Provision for loan losses		22			2			(1	)		5			1			(1	)		(1	)		27
Noninterest income		120			34			18			3			7			7			14			203
Noninterest expenses		215			110			53			8			9			13			(19	)		389
Provision (benefit) for income taxes (FTE)		38			38			10			—			2			4			1			93
Income from discontinued operations, net of tax		—			—			—			—			—			—			5			5
Net income (loss)	$	96		$	63		$	20		$	1		$	4		$	9		$	7		$	200
Net credit-related charge-offs (recoveries)	$	16		$	3		$	2		$	—		$	(1	)	$	—		$	(1	)	$	19
Selected average balances:
Assets	$	22,724		$	16,515		$	6,055		$	1,537		$	695		$	2,235		$	6,850		$	56,611
Loans		21,700			15,955			5,796			1,517			686			2,084			64			47,802
Deposits		16,674			14,861			3,668			313			581			1,067			4,857			42,021
Liabilities		17,469			14,992			3,676			312			580			1,099			13,337			51,465
Attributed equity		1,831			1,090			523			77			59			162			1,404			5,146
Statistical data:
Return on average assets (1)		1.68	%		1.54	%		1.33	%		0.20	%		2.33	%		1.52	%		N/M			1.41	%
Return on average attributed equity		20.90			23.26			15.42			3.99			27.79			21.06			N/M			15.50
Net interest margin (2)		4.69			4.55			4.51			2.83			5.05			3.25			N/M			3.82
Efficiency ratio		58.26			51.62			64.23			58.78			54.39			52.54			N/M			55.41

(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

-24-