News Releases

Comerica Directors Increase Dividend

DETROIT, Jan. 22 /PRNewswire-FirstCall/ -- The Board of Directors of Comerica
Incorporated (NYSE: CMA) increased the quarterly cash dividend for common stock
by nine percent to forty-eight cents ($0.48) per share. The dividend is payable
April 1, 2002, to shareholders of record March 15, 2002.

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"This continues a long history of dividend increases -- 33 consecutive years --
and reflects our strong financial performance and solid capital position," said
Eugene A. Miller, chairman.

Comerica Incorporated is a multi-state financial services provider headquartered
in Detroit, with banking subsidiaries in Michigan, California and Texas, banking
operations in Florida and businesses in several other states. Comerica has an
investment services affiliate, Munder Capital Management, commercial banking
operations in Canada and a commercial banking subsidiary in Mexico. Comerica
Incorporated reported total assets of $51 billion at December 31, 2001.

SOURCE Comerica Incorporated

CONTACT: Media Contacts: Sharon R. McMurray, +1-313-222-4881,,
or Wayne J. Mielke, +1-313-222-4732,,
or Investor Contact: Judith S. Love,
+1-313-222-2840, , all of Comerica Incorporated
/Photo: NewsCom:
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840


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